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- Coffee with Samso - Insights: An Insight into a Mineral Explorationist, a Practical Eternal Optimist.
Coffee with Samso Episode 198 brings a new perspective to the Coffee with Samso conversations. In this first episode of our Insights segment, we delve into the thoughts of Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R). The life of an executive in the small mineral exploration is busy and stressful. Those that are out there trying to make an economic discovery are constantly under the spotlight. In my five years of establishing the Coffee with Samso series, Allan Kelly strikes me as a true mineral explorationist. To those that have followed the Samso journey and have watched Allan share his projects in Miramar Resources Limited, you will know that he speaks with great sincerity. Our conversations on the Samso platform (see below for previous conversations) are always long form and it has offered a great insight into the reasons why Allan is so passionate about the potential discovery. When you watch and listen to Allan talking about the projects, there is no doubt that his enthusiastic nature wants viewers to know what he is doing and why he is spending money on the project. Allan Kelly's Insights In this first episode of Coffee with Samso - Insights, we learn about Allan Kelly, the person. In an industry that takes no prisoners, it is hard for investors to know who is actually really trying to make a discovery. It is difficult to know if the person who is telling you the story is actually telling the truth and the real facts. I have been an investor in this industry since my university days in 1987 and have been a willing participant in the mineral industry since 1992. Like everyone who is working in the mineral exploration industry, we are all trying to make that economic discovery. The rate of success is not very high and as Allan mentioned in the first minute of the introduction to this episode, that rate of success is very low. So what makes us continue to work in mineral exploration? Why are the likes of myself and Allan Kelly continuing to be in the limelight and the brunt of all criticism? The questions that are being asked is why the Coffee with Samso Insights is beginning its journey. Get yourself a coffee or your favourite beverage and watch or listen and get a better understanding of Allan Kelly here: Chapters: 00:00: Introduction 05:13 How did Allan Kelly get into this industry? 09:04 Western Mining Interview 11:40 Work with Western Mining 13:18 Is the Development of Geological Skills still a common trait? 13:44 Western Mining was unique for the time. 15:27 What traits do you need to stay in the mineral exploration industry? 17:05 The Keys to be a Mineral Explorationist. 17:35 Don't be afraid to say you don't know something. 18:22 What is the core asset required to do well in the industry? 19:03 Need to have Endurance, the "Non-Technical Asset" - "Non-Geological Assets" 21:18 The Andy Well Story 23:29 The many reasons why a project may not be discovered. 24:30 How do you decide and manage which projects to leave behind? 29:56 The lack of Mineral Exploration and Mineral Discovery. 32:24 Does criticism ever affect you? 34:26 The Gidgee Project and The Paleochannel Problem. 35:11 Is it frustrating to be misunderstood about the Gidgee Project? 37:30 How do investors understand exploration results? 41:23 How to understand lack of mineralisation strike length. 42:31 What are Allan's thoughts on the Mineral Exploration sector? 43:49 Lack of patience from brokers. 45:03 Reasons why Allan is optimistic with Nickel and the Bangemall project. 50:57 Allan's last words. 51:26 Conclusions Previous Conversations with Allan Kelly Mineral Exploration - Creating Value Organically Miramar Resources Limited (ASX: M2R) - Mineral Exploration Success - Discovery at Marylebone. Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Bangemall and Whaleshark Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Glandore and Whaleshark. Miramar Resources Limited (ASX: M2R) - Surprises in the Bangemall: Carbonatites and IOCG Project Updates at Miramar Resources Limited (ASX: M2R) PODCAST About Allan Kelly Executive Chair of Miramar Resources Limited Mr Kelly is a geologist and manager with over 30 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the of the Institute of Brewing and Distilling (IBD). Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.
- The Mystical Journey of the Commodity Price - Will it Continue?
As we look back on the last twelve months, it is bewildering how and why a world pandemic could create one of the strongest moves in commodity pricing for decades. Will the Bull keep the Bear in hibernation or is the Bear starting to wake up? Or has the Bear entered the woods already? This commodity price movement has made the mineral exploration sector so hot that you could cook an egg on it. That was how I used to describe the current state of the market to some associates in Singapore. I think this is not too far from the truth as you look at the series of price charts in Figure 1 below. Figure 1: A summary of metal pricing since the Covid-induced crash in March 2020. (Source: www.lme.com) I remember prior to March 2020, the common narrative on metals such as nickel and copper was that there was a shortage on at the LME (London Metals Exchange) and hence the pricing must soon reflect deficit. However, the price increase never materialised which got a lot of commentators wondering. The excitement that is in the market is best represented when you look at the ASX 200 (Figure 2), which is now currently higher than the high prior to COVID, at the time of writing this article. The recovery was observed in all sectors. Even the great Rick Rule was surprised at the rate of recovery. My last conversation with Rick was published on March 5th 2021 Commodities and Equities: Advice from Rick Rule. In this episode, Rick talked about what had happened since our first conversation twelve months before when we had our first two conversations. Gold, Equities, Sprott Management and Australian Gold Exploration - Rick Rule Markets and Commodities with Rick Rule Rick mentioned that he had underestimated the rate of recovery but I think that readers should take note of his initial reservation on the market. Rick may have been wrong on his initial thought in May 2020 but I think the pull back in gold price earlier this year shows that even the market knows that things are moving too fast for its liking. Figure 2: ASX 200 chart for the last 5 years. The S&P/ASX 200 (XJO) is Australia’s leading share market index and contains the top 200 ASX listed companies by float-adjusted market capitalisation. It accounts for 88% (December 2020) of Australia's equity market. (Source: www.marketindex.com) Today, when you talk to industry people, the mood is that the market is slowing down. The hype is lesser talked about and this is certainly a good sign. Why would that be a good sign, you may ask. Let´s see how I can make it clearer. Why is a "slow down" in the resource market a good thing for investors? Over the last twelve months, there has been an increased wave of noise on the ASX being generated by social media and publishers of investor relation products. Samso can be counted as being one of the contributors of the noise. However, Samso would like to think that we are trying to create content that attempts to reduce the noise. The results of our approach can be argued but the point of the statement is that there are many investors out in the market now that have very little understanding. As the market created so much momentum, investors were looking at a 500% or a 1000% gain as an acceptable investment. Anything short of that was looked upon as selling out too low or the trade underperforming. To me, these kinds of news are short of being dangerous. For those that have been following Samso, you would have noticed that we have mentioned continuously that investors should understand the story and not to just base their investment solely on someone's narrated version of investment attributes. Hence, this slow down in the market, or a sense of slowness in the market is a good thing. There was a pull back for many companies and even one of my favourite explorer-turned-potential miner came back (Figure 3). Figure 3: The share price chart for Musgrave Resources Limited (ASX: MGV). (Source: www.commsec.com.au) This pull back all happened across the board in this sector. As you can see, the recovery was imminent but not at the break neck speed from the last twelve months. I and many observers have said that a slow rise is many times better than one that climbs vertically. Hence, the gentle recovery from these stocks are great. Those companies that did not have a strong story behind the rise are now having to work hard to regain some momentum. Don't get me wrong, speculation is still around, but they are not indiscriminate like the previous months. What does all this mean? When you look at the path forward in terms of world economic growth, one has to feel the optimism that is in all miners. Almost everything that you read or watch involves the electrification of the world. I wonder if the "Green Movement" realises that to make the world "Electric" there is going to be a lot of pivoting of businesses. Hence, one would think that the need of the basic building blocks of mining and changing the way we do things now will create more anti-electric actions. When people think of the EV revolution, they think of Lithium, Cobalt, Graphite, REE and recently Nickel. When you think about my earlier statement that to make the EV revolution a reality, the metals that build the infrastructure to create this new world are the not-so-sexy metals such as Molybdenum, Nickel, Copper, Aluminium and Silver (Figure 4). There are more metals involved in the new EV movement than Lithium, Cobalt and Graphite. If you look at Figure 4, you will see the limited roles of these minerals. They may be the VIP guest but if the room is empty, these VIP guests will not be able to do too much by themselves. Figure 4: This graphic takes the data from the World Bank’s Climate Smart Report and outlines what metals each renewable technology will require and their overlapping uses. (Source: www.elements.visualcapitalist.com) There is no denying that there will be an increased need for all the metals that are shown in Figure 4 but the greater spread of needs in all forms of "clean energy" will require a greater expense of metals than most people would realise. I suspect that this will create a greater demand than supply can provide. Mining is not like Baking Bread The process of mining is complicated. It is made even more complicated by the process of proving the viability to mine and then to maintain the sustainability to mine. As we know, the demand-supply curve is the ultimate determinant for the viability of any business but when you add factors such as ESG (Environmental, Social and Governance), Sovereign Issue and lastly an artificial demand to make the EV revolution happen, there is going to be a big strain on supply. Figure 5: The raw material demand of the EV Revolution. (Source: www.elements.visualcapitalist.com) As you look at both Figure 4 and Figure 5, one will notice that there are a lot of minerals being used over a range of products. The process of clean energy is more mineral intensive than the old fossil fuel source of energy. So without getting into a debate about which source of energy is cleaner, we can all agree that we are going to need more minerals than the fossil-fuel revolution. Molybdenum, which has been one of the quietest metals in the recent commodity rush is now treading at levels near the last iron ore boom of 2010. Figure 6: Molybdenum price over the last 15 years. (Source: www.tradingeconomics.com) General investors would not look at Molybdenum as being part of the commodity rush but it is actually a critical component of steel making. It has just been listed on the LME (London Metals Exchange) but the pricing is still strongly controlled by contractual buyers. China is the main player and the price is typically aligned to the perceived demand for steel. Hence, like Dr Copper, it does give an impression that the market players may be indicating an increased demand for steel. The recent rise in the fortunes of Molybdenum is important as it may give a clue to the coming fortunes for the steel making process. This is another clue to the potential of the coming commodity market. If something like Molybdenum is moving in such leap and bounds, what would the rest of the list of metals be doing? Market Prices Are Aligned for Growth The market indicator of progress has been Copper. The term Dr Copper is coined to say that if the good Doctor is up, then the world economy is doing well or going to do well. Copper price has seen some good movement lately with a short hiatus when it lost traction. The drop in price occurred around the same time that iron price dropped to USD180 from a high of USD200+. This has been short lived and it looks like the prices of both commodities have since recovered to their recent levels. Figure 7: (1) Copper price from June 2016 to July 2021. (2) Historical copper price from since 1960. (source: www.macrotrends.net) In 2015, we saw the bottoming of commodity prices in unison. This also followed a unison rise in pricing following the bottom. I uses to tell people that I have not seen minerals and oil all moving in the same direction and many people at that time was saying metals were rising due to a shortage on the LME. Although this was in general correct, the real shift in pricing did not really happen till the end of the COVID crash of March 2020. If you look at Figure 1, you will see the alignment of metal pricing. It looks as if the metal pricing are all being chased by something. What is not so apparent is the mix of metals that are experiencing such attention. Tin is another one of the forgotten metals from the past. Even this humble little metal has taken a leap in its price (Figure 8). An article by Wood MacKenzie entitled - Tin – the forgotten foot soldier of the energy transition tells a great story about why Tin may become the next Cobalt (remember when it ran to USD92K). It is a great read which basically says that up to 90% of the world´s supply may be affected by ESG. If that is the case, the current high price of USD32K could be sustained or may even reach a much higher price. Figure 8: (1) Tin pricing from June 2016 to July 2021. (2) Historical Tin pricing from 1973 to 2021. (Source www.lme.com and www.tradingeconomics.com ) So What Does All this Mean? I have to say that in my 30 years in the mineral resource industry, I have never felt that this continuing run of good fortunes in my industry may actually have very long legs. When you have seen as many boom-bust cycles as an exploration geologist, you are constantly in disbelief of any market rise. The need to execute the EV revolution will create the situation for a greater need for all metals. In Figure 4, we see that there are five metals that are spread over a minimum of 5 sources of renewable energy. The fact that we are needing more Nickel, Copper, Aluminium, Molybdenum and Silver tells me that the shortage that was been narrated in the last 7 years will get worse. The shortage of base metals such as Nickel and Copper is well known and there are no arguments, but now the equation will be significantly and critically imbalanced. The recent dip in copper and iron ore price was very short lived as we are now seeing that the price is near or as high. There were talks that the Chinese government was trying to instigate selling pressure to decrease the price of metals but it seems that has not happened. If the Chinese selling theory was correct, then potential rise of future metal prices will be a matter of fact. I don't think Lithium supply will be a driver as there is no shortage of Lithium. If the world needs more supply, there will be investment and producers will just produce more to meet the demand. Nobody needs to find more Lithium. Now, Nickel Sulphides is another story. There is actually a problem with finding more metal and because of that, the price of Nickel will rise. An additional factor for pushing nickel prices up is the projected demand. If you cannot find more and you cannot feed supply, you have a growing problem. The issue with Copper is not a lack of supply. It is a lack of mines and mining grades. The current mines are all mining lower grades and hence the cost of production will rise. Similarly, like the search for nickel sulphides, projected demand and the slow process of market equilibrium will create tension in price and supply. As the world wakes up from a pandemic, the increasing need to revitalise the world economy itself will make the need for metals a priority. In my opinion, there is ample evidence to support a continued run on commodity prices. Another reason why I think this market is here to stay is that brokers are telling me that a portion of the industry will only look at AUD10M to AUD15M raise for new IPO. The other half of the broking industry is telling me that they can do the small AUD6M raise but also to get in the back of the line of six other companies waiting. All this work and money, coupled with an extremely tight labour market, is why I cannot see a slow down anytime soon. Gratitude Patreon: This is a platform for supporting creators like me. Please consider helping out and pick your reward here: If you would spend some time and support Samso Insights, I would be totally appreciative. So please feel free to pick a reward, or simply chip in any amount that tickles your fancy :-) https://patreon.com/samsomedia Brilliant-Online: Our investment articles are also shared across Brilliant-Online magazine. Check out their investment column. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try to write topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. Download our eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google.
- Nova Silica Sand Project - The Makings of a Tier 1 Industrial Mineral Miner on the ASX.
Rooster Talk 47 with Robert Martin, Executive Chair of Suvo Strategic Minerals Limited (ASX: SUV). Suvo is positioning itself towards being a Tier 1 Industrial Minerals Miner. They have the Kaolin part sorted and is now taking the step to mining Silica Sands. According to Robert Martin, the Executive Chair of Suvo, this is the missing link in the company's strategy. The company has had this asset since their IPO but has not moved on it till now. What I like hearing from Robert is that he wants to build mines. He wants to create a Tier 1 Industrial Minerals Mining machine. From a person who has built a profitable mining services company, his words mean more to me now as I am seeing more of his cards. The Silica story is one that will add significant value to the company. We have natural silica flour which adds market value that is unique to the Nova Silica Project. Robert tells us that they are getting calls daily about what they are doing with this Silica Project. As we all know, exploration is a marathon and it is a matter of luck and science. The Nova Silica project is not like finding gold or nickel or copper. Silica is very much like iron ore, coal, and clay. Once you have discovered a presence, the likelihood of finding a resource is very high. This is why when you resource Coal, your drill spacing does not need to be close. Some of the spacing can be hundreds of metres apart. This resource statement that has been released is a stepping stone to a final solution. More steps are coming up with Suvo, so watch this space. Chapters: 00:00 Intro 00:59 The Nova Silica Project Story 02:52 What does Nova mean for Suvo? 05:20 Why is Nova of interest? 07:55 Does Suvo really have more than the 15% stated? 10:37 Rising silica market demands 12:40 The importance of the quality of Nova. 13:50 Silica processing is chemical free. 15:05 What's the news flow? 16:43 Great stock to DYOR 17:25 Shifting on metal demand. 18:34 Last words from Robert 20:05 Conclusion PODCAST About Robert Martin Mr Martin has over 20 years experience across the mining services, supply chain and capital market sectors. Mr Martin has owned and operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally. After seven years of revenue and profitability growth and expansion into multiple countries, Mr Martin’s company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum. Mr Martin runs a family office in Western Australia with a focus on investing and supporting emerging private and public businesses, and currently holds the position of non-executive director at PARKD Limited and is the non-executive chairman of publicly listed Critical Resources Limited. About Suvo Strategic Minerals Limited Suvo Strategic Minerals is a dual commodity Australian mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba all situated within Western Australia. About the Nova Silica Sand Project The Nova Silica Sand Project is a 100% owned potential large-scale Silica Sand resource located in the Gin Gin scarp near the township of Eneabba the project has existing rail cart transport solutions direct from the tenements to Geraldton port. Watch the video - Suvo Expands Nova Silica Sands project Suvo's ESG Strategy Robert highlighted that Suvo has engaged an ESG team to help Suvo look at sustainable ways to rejuvenate what they have mined and further reduce carbon footprint for example using solar powered resources. The ESG strategy will see a long term intent to add value to shareholders as well as to communities and the environment. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Suvo Strategic Minerals Limited, the only Kaolin Producer Going into High Grade Silica.
Coffee with Samso 102 with Robert Martin, Executive Chair of Suvo Strategic Minerals Limited (ASX: SUV). Suvo is one of only three players in the Kaolin sector and they are also the only one with a processing plant. Recently listed on the ASX in 2020, the Kaolin and Silica small cap resource company is now a producer. This sector is really about the simple business of mining and exporting high grade quality clay. According to Robert Martin, the Executive Chair of Suvo, the value adding is just starting. In December 2020, Suvo added the Imery processing plant and the Pittong project in Victoria which effectively moved the company into the producer stage. However, something the company has and not valued, is their Silica project in WA. The Nova silica sand project located in the Gingin region of Western Australia could create value that the market has missed. There are Four Revenue Streams from the Silica project. Listen to the video to understand what they are. Chapters: 00:00 Intro 01:08 Robert Martin tells us about Suvo. 05:29 What is the Kaolin Market? What is significant about Suvo's projects? 09:29 What does Halloysite mean for Suvo? 11:14 Suvo can produce different types of Kaolin products. 14:52 Suvo has 30 years of Kaolin experience. 16:32 The Silica Story. 18:51The Silica Flower Story. 20:49 Why Silica projects can work. 24:13 Environmental hurdles for silica projects. 25:47 Why ESG may make silica projects more feasible. 27:09 Silica is all about physical waste as opposed to chemical waste. 27:47 Robert Martin shares his thoughts on the journey of Suvo. 30:15 The virtues of the silica market. 31:32 The Kaolin market is very big. 32:38 Samso's thoughts 33:58 We are in the New World. 34:47 Conclusion PODCAST About Robert Martin Mr Martin has over 20 years’ experience across the mining services, supply chain and capital market sectors. Mr Martin has owned and operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally. After seven years of revenue and profitability growth and expansion into multiple countries, Mr Martin’s company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum. Mr Martin runs a family office in Western Australia with a focus on investing and supporting emerging private and public businesses, and currently holds the position of non-executive director at PARKD Limited and is the non-executive chairman of publicly listed Critical Resources Limited. About Suvo Strategic Minerals Limited Suvo Strategic Minerals is a dual commodity Australian mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba all situated within Western Australia. About the Nova Silica Sand Project The Nova Silica Sand Project is a 100% owned potential large-scale Silica Sand resource located in the Gin Gin scarp near the township of Eneabba the project has existing rail cart transport solutions direct from the tenements to Geraldton port. Suvo's ESG Strategy Robert highlighted that Suvo has engaged an ESG team to help Suvo look at sustainable ways to rejuvenate what they have mined and further reduce carbon footprint for example using solar powered resources. The ESG strategy will see a long term intent to add value to shareholders as well as to communities and the environment Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Nifty Copper Mine: A Forgotten Gem in the Paterson Range
(source: Photo by Thom Milkovic on Unsplash) In 2009, I looked at the Paterson range as a remote place that was full of opportunities for the brave. Logistics was challenging and only a well-funded company would make any headway. One of these opportunities, the Nifty Copper Mine, has now fallen into the hands of a junior player. By all accounts, it appears to be a junior company with a competent management group. If you look at the group, they are operators and this is an operational project. Barry Cahill, the Managing Director of Cyprium Metals Limited (ASX: CYM), who had a Coffee with Samso with me last month clearly stated that Cyprium Metals will be producing copper plate in 2022. A New Copper Producer - An Overnight Success Now if production does take shape in 2022, I think the current valuation for the company would look cheap now. Things are Already Happening in the Paterson Range Although there was the discovery of Telfer (Au, Cu, Ag), Kintyre (U), Woodie Woodie (Mn) and Nifty (Cu) in the 1980s, there have not been too many highlights recently. There has been more activities, but I still would not call it a busy highway. What has been happening in recent times makes this region more accessible and known to the general ASX (Australian Stock Exchange) investor. Today we are looking at the Antipa Minerals and Rio Tinto JV at Citadel, Antipa and IGO Limited with the Paterson Province JV, Greatland Gold Havieron JV with Newcrest, and the discovery of O'Callaghan's Tungsten project by Newcrest (Mineral Resource in 2009). Then there is the Rio Tinto Winu Copper discovery. The Copper Story The sign of a Copper resurgence is now plainly in sight as the Copper metal price is now at over USD4 mark. With the rise of the EV revolution, there is an increasing interest in Copper price, and hence the Nifty Copper mine is going to be of greater interest. The Nifty Copper Deposit The deposit was discovered in the 1980s by WMC Resources Limited. It is 450km east of Port Headland, Western Australia (See Figure 2). The deposit is currently owned by Cyprium Metals Limited. Figure 2: Simplified geologic map of the Proterozoic Paterson orogen, showing the distribution of major stratigraphic units and mineralized occurrences (modified from Hickman and Clarke, 1994). Inset map shows the location of the Paterson orogen in Western Australia. [1] History [2] 1981: Oxide copper was first discovered at Nifty by WMC Limited. 1983: Drilling of the oxide resource led to the discovery of the deep sulphide resource. 1993: WMC commenced an open pit, heap leach, SX-EW operation on the relatively high-grade part of the oxide mineralisation. 1998: Nifty was purchased by Straits Resources Limited with subsequent expansion of the heap leach operation. 2003: Nifty and the surrounding exploration tenure was purchased by Aditya Birla Minerals. 2004: Underground development commenced exploiting the sulphide resource via a decline from the open pit. Construction of the sulphide concentrator commenced in October 2004. 2006: First copper concentrate produced. Open pit mining operations ceased. 2009: Heap leach operations ceased. 2016: Metals X Limited acquired Nifty through takeover of Aditya Birla Minerals Limited. 2021: Cyprium Metals Limited acquires Nifty. Geology [2] Nifty is hosted within the ~850 to 824 Ma Yeneena Supergroup of the >24,000 km2 Neoproterozoic Yeneena Basin, which in turn comprises part of the Paterson Orogen. The Yeneena Supergroup is subdivided into the Throssell Range and succeeding Lamil Groups. The Throssell Range Group is composed of the Coolbro and overlying Broadhurst Formations with the latter hosting both the Nifty and Maroochydore deposits. The deposit is hosted by the upper carbonaceous shale to pelitic schist unit of the Broadhurst Formation, which in the deposit area has been divided into four informal members: the Footwall Beds, the Nifty Carbonate Member, the Pyritic Marker and the Hangingwall Beds. The deposit comprises supergene oxide, sulphide and transitional mineralisation above stratabound hypogene sulphide mineralisation hosted by carbonaceous and dolomitic shales, principally within the Nifty Carbonate Member. Hypogene mineralisation is localised in the north-eastern limb and keel of the 15°SE plunging Nifty Syncline and extends for >1,300 m down plunge. Mineralisation is simple, with the only major sulphide minerals being chalcopyrite and pyrite, with minor sphalerite and galena. What's the big deal with Nifty? What makes me so interested in the Nifty project is the lack of exploration activities for at least a couple of decades. Ideas and technical advances over the last two decades alone would make this place attractive. Add the rising metal price to the mix and you are going to get some excitement in the coming years. The gold exploration and recently the nickel exploration success have come from renewed interest in the sector. With a greater injection of capital into an industry starved of real capital for the last two to three decades, numerous success stories have been appearing. The discoveries over the last 12 months can be said to have been discoveries waiting to happen. All it needed was the added capital. For many geologists, the discoveries were going to happen as soon as capital was added to the mix. The ground were always prospective but was just never explored mainly because of a lack of funding over the years. In Australia, the number of copper producers, especially in the smallcap to midcap level of companies are very rare to nil. The production of copper in Australia is small compared to the rest of the word as you can see in Figure 2. With renewed interest in the metal and the capital market being favourable to fund projects, this could make something like Nifty very valuable. Figure 4: Metals X ASX announcement: 10 March 2020, Nifty Copper Mine Resource Update figure is proportional production over time; data synthesized from U.S. Bureau of Mines (1932–1993), Schmitz (1979), U.S. Geological Survey (1994–2014, 1996– 2017), British Geological Survey (2001–2015), and The Mineral Industry: Its Statistics, Technology, and Trade (published by McGraw-Hill, 1982–1940). Note: data prior to ~1850 is clearly incomplete. [3] Cyprium Metals Limited raised AUD90M to fund for the AUD60M ($24M cash and $36M in Convertible Notes) purchase price with the path to Copper production in 2022. There is a lot of talk about copper projects, but in Australia, there are not many that compare to Nifty in terms of potential time to production. There is a reported oxide and sulphide Mineral Resource of over 650,000 tonnes of copper (Figure 4). This is outside the 714,908 tonnes of copper metal that has been produced since its first production in1993. What is exciting is that the existing resource base remains open both up and down plunge of known mineralisation. With this in mind, the technical studies and in-fill drilling of existing open pit resource will begin soon. The new owners are optimistic in reopening the open pit strategy. If the new owners had said that their strategy is to look at the underground opportunities, I would be not writing this Insight. The open-pit strategy with the current copper metal price should work. However, this is something for the mining engineers to comment. How and where are they going to start will be the next topic of Coffee with Samso with Barry Cahill. As you can see in Figure 5, the existing pit is in place, so I figure we are going to be talking about pit extension or adjacent resources that are not related to the existing pit. Will the New Nifty be any better than the Old Nifty? I have long believed that investing in an old project with legacy issues is merely looking for a disaster to be proven. However, the resource resurgence over the last twelve months has made me think differently. This cycle may be long enough and the project may be robust enough to work. Well, for now, it has made me rethink my thoughts as I see two factors that "seem" to make this cycle different. The first is that the capital markets are now looking for rewards and the amount of funding already in the market is almost creating a self-fulfilling situation. The monetary stimulus that we are seeing and hearing all over this planet will drive economies to go into overdrive. We have all learned that a rising Dr Copper is a sign of economic recovery. It looks like it is happening as seen in Figure 1. The second factor is that the EV Revolution will drive innovation that always leads to an aberration of how things used to work. The influx of capital into industry will make our version of an "Industrial Revolution". Remember, Copper plays a vital role in electronics, vehicles, telecommunications, electrical power generation and distribution systems, domestic and industrial piping, chemicals, currency, and general infrastructure. Can the Resource Increase? I found a paper that had some very interesting facts on initial resource/reserves and actual resources/reserves while mining. According to the paper [3], there is a common trend of growing cumulative production over time (Table 1), showing good conversion of resources to reserves and then mine production (e.g., Mount Isa, Falconbridge). Some sites show a relatively constant total endowment over time (e.g., Alumbrera, Lumwana, Sepon), although many show an increasing endowment over time, with some sites showing major increases (e.g., Olympic Dam, Collahuasi, Ok Tedi, Savannah, Antamina). Table 1: Selected Historical Reserve / Resource Estimates vs. Code-Compliant Estimates (year in brackets) [3] Figure 6 shows a series of graphs that show these relationships. Could this be something that is going to be happening with Nifty? I remember that when Silverlake Resources Limited (ASX: SLR) started their mining in Daisy Milano, many had thought that the LOM (Life Of Mine) would be short. That was in 2008 and they are still mining very well today in 2021. "These positive trends reflect the fact that mineable resources commonly grow for mining projects, demonstrating that the initial reserves and resources are sufficient for justifying mine development but that the geology and/or other factors are able to deliver an expansion of endowment over time. The shorter-term variations in resources and reserves can often be due to a period of lower market prices (e.g., Alumbrera in 2015, Bingham Canyon and Ok Tedi over 2008–2009)" [3] Figure 6: Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] Figure 6 (cont): Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] Figure 6 (cont): Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] What I remember about Olympic Dam is that it started as a Copper mine and ended up being the largest Uranium in the world. If you look at this from a geological and statistical point of view, why would a sizeable mineralisation event that large, assuming there are no known structural events that closed the mineralisation, stop? Long life mines are not uncommon. If the metal price is right and/or management can reduce operational costs, many mines have lasted a long time. Rio Tinto Limited (ASX: RIO) and BHP Limited (ASX: BHP) are mining and shipping their iron ore at around the AUD$20/tonne ( in that range anyway). Newcrest has its Cadia gold mine at negative cost. The combination of copper and gold has meant that the gold is produced at AUD$7.83. What Does This Mean For Investors? For investors, and existing shareholders, I think the market needs to see the ducks lining up. Obviously, management needs to muster the ducks together and start making it happen. At this point, I don't have any reason to doubt that this will not be happening. For me, looking at the company from an investing strategy, taking positions now may not be a bad idea. The way I see this is that a potential copper producer in 2020 with a market capitalisation of AUD25.62M (09/03/2021) looks cheap to me :-). For those that have read till this sentence, a serious amount of DYOR (Do Your Own Research) may not be a bad idea. As I always say, DYOR is a good word, FOMO (Fear of Missing Out) is not a good word :-) Currently, I do not hold any shares in CYM. Gratitude Patreon: This is a platform for supporting creators like me. Please consider helping out and pick your reward here: If you would spend some time and support Samso Insights, I would be totally appreciative. So please feel free to pick a reward, or simply chip in any amount that tickles your fancy :-) https://patreon.com/samsomedia Reference BRUCE R. ANDERSON,†,* J. BRUCE GEMMELL, AND RON F. BERRY, The Geology of the Nifty Copper Deposit, Throssell Group, Western Australia: Implications for Ore Genesis: Economic Geology, Vol 96, 2001, pp 1535-1565 Metal X Limited website. Gavin M. Mudd1,† and Simon M. Jowitt, Growing Global Copper Resources, Reserves and Production: Discovery Is Not the Only Control on Supply: Economic Geology, Vol 113, No. 6, pp 1235-1267 Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try to write topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. Download our eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. #copper #samsoinsights #mining
- Venture Minerals Limited (ASX: VMS) - A Rare Earth Story with a Difference.
Coffee with Samso Episode 163 is all about Rare Earths. Australian Mining The mass discoveries of REE recently is testament to the fact that Rare Earths are not very Rare. Most retail investors are not too concerned about the facts and the viability of REE projects as they jostle for trading opportunities. Many of these investors are only interested in the strategy of "selling dreams". One cannot begrudge this trading strategy. Trading to sell dreams has made a lot of investors' money. I don't work well with that system. I always end up with the short straw. I take my advice from a friend and mentor Geoffrey Donohue who taught me not to flow with the sentiment of the market but DYOR. Like all the great investors that we hear about, they are all into real facts and great management. Like all businesses, there are some that will be around for a long time and there are those that dance on tables now, but are never in the spotlight when the tide subsides. The best of these quotes are those from Warren Buffet. When I look at Venture Minerals, with the recent announcements, the first thing that came to my mind was whether this could be the catalyst that Mt Lindsay needs to get going. A credit to the mining cost that would give the tin and tungsten the boost for profitability. One of the best words used in the mining process is credits. Mining of the REE will be at the same stage as any other proposal to mine Tin and Tungsten so the excitement will be how much of the REE will contribute to the bottom line. In many other REE projects, they will need volume and logistics. Venture will be adding the REEs to an existing mining schedule which will likely create credits to any spreadsheet. When you look at the Cadia Gold Copper Mining Project, the most profitable gold mine in Australia, its All In Sustaining Cost (ALSC) is negative. In January 2021, Newcrest announced a record AISC of negative US$6 ($7.83) per ounce of gold due to higher copper prices and sales volumes, along with the timing of sustaining capital expenditure (Australian Mining). Cadia produces gold doré from a gravity circuit and gold-rich copper concentrates from a flotation circuit at Cadia. The gold dore is then refined at the Perth Mint and concentrates are piped to a dewatering plant at nearby Blayney and sent by rail to Port Kembla in New South Wales for export. The Molybdenum Plant is expected to deliver an additional revenue stream in the form of a molybdenum concentrate which will be a by-product credit to AISC per ounce. ---- Newcrest Website This is one of the most productive mines in Australia but it took a long time from discovery to production. At one stage, there was talk that this project was not going to get the tick of approval. Cadia was a closed mine since 1929 and only rejuvenated in 1992. Production as we know it did not happen immediately. Hence, when I hear all the negative narratives about Venture Minerals, I would like to remind viewers that all the great projects in the world today did not happen overnight. The tin and tungsten strategy has not disappeared. The resurgence of the REE sector is mainly due to the recent changing geopolitical positions. The jostling for the biggest bully in international politics is just beginning. This will impact Venture immensely as tin, tungsten and REE are key players in the critical and essential sectors. I sense that the resurgence of Tungsten may not be far away. Tungsten, in economical amounts, are indeed rare. The importance on the military side of things will make Tungsten take the spotlight. Coupled with REE and tin, I think Venture is definitely worth putting on your watch screen and DYOR. Take time and listen to Andrew Radonjic, Managing Director of Venture Minerals talk about the latest discoveries of REE in their projects. Chapters 00:00 Start 00:20 Introduction 00:55 News about Rare Earths prospects. 02:12 What are the learnings from the discoveries? 05:27 How do you want investors to see Venture Minerals? 11:12 A good geology setting for carbonatites? 13:54 How do you see the Rare Earths market going forward? 17:38 Updates on other projects - Kulin and Thor. 23:02 Are we in the phase of new discoveries? 27:22 News flow. 30:48 Why Venture Minerals? 33:35 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX). About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work. At the neighbouring Riley Iron Ore Mine, the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the Company’s Golden Grove North Project, downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Search for Nickel and Palladium - A Methodical Exploration Strategy - Galileo Mining Limited
Coffee with Samso Episode 87 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) The search for Nickel Sulphides is one of the most challenging for geoscientists in the mineral exploration industry. For this reason, investors, in general, find it hard to comprehend what is required to make a discovery. Many investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) feel that Galileo Mining Limited (ASX: GAL) is making "slow progress" as they have not made a discovery. In this episode of Coffee with Samso, Brad Underwood, Chairman and Managing Director of the company share with us the methodical manner in which they are going about the business of locating the "Holy Grail", otherwise known as a Nickel Sulphide ore body. Brad outlines how the company is doing things in a step-by-step way to vector their drilling on the best case target. This is one of the most comprehensive episodes on understanding the process of nickel exploration. Here are some topics that Brad shared with us: How magnetic surveys work and the information it gives explorers The use of gravity and electromagnetic surveys The science behind all these geophysical surveys In this episode, Brad also shares with us the thinking and the science behind the new Palladium target in Norseman. Watch the interview: Coffee with Samso Episode 87 The historical data in Norseman has shown that there is a potential PGE mineralisation existing in the current project. The share price of the company has taken a rough ride but looking at the eagerness to punt prior to drilling programs tells me that there are a lot of believers out there. Galileo has quality management and that is always going to be useful in good or bad times. PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones: 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process are easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Brad Underwood Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Galileo Mining Limited (ASX: GAL) - Early discovery of Sulphides at Norseman Project
Rooster Talk Episode 51 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of sulphides at the Norseman project. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). The results are consistent with our expectations. We just did not think we were going to hit it with air-core drilling. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of the sulphides in today's Rooster Talk. The presence of the sulphides is important as this is indicating some for of mineralisation. Short of calling a discovery, the presence of these sulphides is going to add a lot of spice to the story at Norseman. Watch the interview: Rooster Talk Episode 51 Chapters: 00:00 Start 00:20 Introduction 59:01 Brad Updates. 02:10 Was the sulphides a geophysical target?. 03:02 Drilling still happening in same project. 03:17 Timing of results. 03:58 What does these results mean for the company? 05:49 What else is happening for Galileo. 06:54 The exploration ahead in 2022. 07:42 What's the different approach when looking at Norseman. 08:55 What are the historical nickel activities in the Norseman area. 09:48 Last Words from Brad. 10:15 Conclusion PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Search for Palladium in Norseman Commences - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 50 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) says the company is not shying away from exploration. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. Over time I have encouraged investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration, to look at Galileo Mining Limited (ASX: GAL). Since early 2018, when the company listed on the ASX, they have undergone 14 drill programs. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of their projects in today's Rooster Talk. This episode talks about the exploration thinking behind the drilling in Norseman where Galileo is seeking a potential Ni-Cu-PGE target. The 10,000m drilling program has started and the targets are starting to look interesting as the geophysical anomalies appear to be guiding towards a possible source. The Jimberlana dyke in Norseman has always been a potential exploration target but has largely being ignored in the company's tenure. Watch the interview: Rooster Talk Episode 50 Chapters: 00:00 Start 00:20 Introduction 01:08 Brad Updates. 01:48 The prospectivity of Norseman. 03:04 The thinking behind the Jimberlana Dyke. 04:54 The significance of geological analogy for current targets in Norseman. 06:48 What do the targets mean? 08:08 Is there a big Halo of mineralisation? 08:38 Can the geophysical target be non-mineralisation? 09:53 What will happen going forward? 10:34 Last Words from Brad. 11:22 Conclusion The Jimberlana Dyke is similar to known geology that has sources of Palladium. PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- NiS Exploration: More Science than Luck - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 25: A Margaret River Series Update on the Nickel Exploration It's time for an update on nickel exploration with Brad Underwood , Chairman and Managing Director, Galileo Mining (ASX:GAL). Today we focus on the science and techniques of nickel exploration - which is the easy process but what are the potential issues? As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Galileo Mining and its Projects Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has a 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones: 2003 – Registered as a private company wholly-owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company It has been nearly two months since last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process is easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. Podcast About Brad Underwood Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr Underwood is a geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Watch the last Coffee With Samso conversation with Brad Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share this Rooster Talk If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact Samso . About Samso
- Galileo Mining Limited (ASX: GAL) - One Step Closer to more Sulphides
Coffee with Samso Episode 140 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the next drilling campaign in Norseman. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL). This episode is a discussion on the technical merits of the Norseman project. Galileo is about to undertake another drilling program. Watch the interview: Coffee with Samso Episode 140 Chapters: 00:00 Start 00:20 Introduction 00:57 Brad Updates. 01:28 The drilling starts again. 02:21 What have you learned from the past drilling campaign in Norseman? 03:40 Is the geology in Norseman and Albany Fraser different and if so, what are the differences? 05:14 How is the host rock chemistry different in Norseman and the Fraser Range? 06:14 Has the exploration strategy for GAL changed over time? 07:45 Is GAL looking at a new mineralising province? 09:12 What is a good Palladium grade? What should investors look for in a Palladium project? 10:37 What is the magical number that investors should look at in an announcement? 12:24 Is there a proportion of Nickel and Palladium to look for? 13:23 Palladium. 13:47 Why is GAL so well funded? 15:03 GAL has good shareholders. 15:44 What does Brad think of the Nickel market? 17:23 The News coming up for Investors and Shareholders. 18:37 Norseman has not been a Palladium area. 19:33 Conclusions PODCAST About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company 2020 – Nickel Sulphides confirmed at Fraser Range project Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- An Alternate Source for Nickel in the Albany Fraser Province for Galileo Mining?
Coffee with Samso Episode 98 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) Galileo Mining is one company that is not shying away from finding Nickel Sulphides. Are their recent drilling results showing more evidence of a potential new source of nickel sulphides? Investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration should look at Galileo Mining Limited (ASX: GAL). Since the company listed on the ASX, they have undergone 13 drill programs since early 2018. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL), shares with us the technical merits of their projects in today's Coffee with Samso. Brad indicates that there is potential of a different source of nickel sulphides in the Albany-Fraser Range. Conversations with Brad What the recent results mean in realising a potential new source for the nickel sulphides. The need to understand the "Black Art" of geophysics What is the Ni-Cu-PGE story? The reasons why the Galileo story is robust and is worthy of an Investment for ASX for investors. Watch the interview: Coffee with Samso Episode 98 Chapters: 00:00 Introduction 01:39 Recent drilling results - What does it mean? 04:04 Do the current findings give you new ideas? 05:56 The significance of the S2 trend. 07:38 What is controlling the mineralisation? 08:14 What do the EM numbers mean? 10:59 What is happening with the other projects? 12:00 What is the Ni - Cu - PGE story all about? 13:55 How do you find palladium? 15:15 What will happen now going forward? 17:40 Conclusion Exploration is about doing the work and this includes the Black Art of Geophysics. PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process are easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here. Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here. Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au. About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au. Remember to Subscribe to our YouTube Channel, Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google. Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments












