Coffee with Samso - Episode 036 - Nickel in the Fraser Range - Galileo Mining Limited (ASX: GAL)

Coffee with Samso - Episode 036 - Nickel in the Fraser Range - Galileo Mining Limited (ASX: GAL)

Galileo Mining Limited (ASX: GAL) is a company that comes out of the stables of Mark Creasy.  The main project is the Fraser Range Nickel Project and it has returned some promising results from its drilling campaign.  It is currently drilling again and all indications are that it may come up with some promising results.  The Fraser Range is one of the “mineral provinces” that I have admired from afar.  Nickel has never been my geology and I tend to leave it with the “experts”.

The recent success of Legend Mining and Galileo has perked my interest.  Nova Nickel Mine and the Tropicana Gold Mines has been the recent interests for the last decade.  Many companies have come and gone playing the “nearology” card.  All except the tenements that are owned by Mark Creasy.  This is why I have an interest in these projects.

 

 

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 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 at 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

 

 

PODCAST

 

 

 

 

 

www.samso.com.au

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.

 


Samso is primarily a consulting company that delivers digital information to the market in terms of creating organic content.

Samso simplifies your story to customers or investors. Samso creates organic content for you to engage your audience and BRAND yourself to them.

Samso provides bespoke research and presentation for clients to engage their customers or investors.

Organic content allows audiences to feel a real sense of sincerity when you share your business strategy, allowing your business to stand out among the sea of social media traffic.

Working with Proactive Investors Group allows exposing our Insights to over 1.2M monthly unique views internationally.

Samso has nearly 30 years of experience in developing business ideas and concepts in the Australasian region.

Samso has worked primarily in the mineral resources industry, capital markets and corporate finance. Noel Ong is the founder of SAMSO.

www.samso.com.au

 

 

 

Web Hosting

 

 

Disclaimer:

The information contained herein is the writer’s personal opinion and is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. 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.

Accordingly, no warranty whatsoever is given, and no liability whatsoever is accepted for any loss arising, whether directly or indirectly as a result of this information. Investments are subject to investment risks, including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before committing to purchase or invest in the investment product(s) mentioned herein.

If you choose not to do so, you should consider whether the investment product(s) mentioned herein are suitable for you. The writer will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials appended herein. The information and/or materials are provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials.

All intellectual property in relation to content on this Site belongs to Samso or its licensors, advertisers or affiliates. You obtain no interest in that intellectual property. All content on this Site is protected by Australian and international copyright and other intellectual property laws. You may not do anything which interferes with or breaches those laws or the intellectual property rights in the content.

You may download and view content or print a copy of the material on this Site for personal, non-commercial use provided you do not modify the content in any way (including any copyright notice). All rights not expressly granted under these terms of use are reserved by Samso. Unless expressly stated otherwise, you are not permitted to copy or republish anything you find on the Site without the copyright or trademark owners’ permission.

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.