Coffee with Samso Episode 140 is with Brad Underwood, executive chair and managing director of Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) (Galileo Mining Ltd (ASX:GAL, OTC:GLMGF)), discussing the next drilling campaign in Norseman, Western Australia.
The company is now testing its palladium prospect in Norseman in a systematic approach.
If you are looking for an exploration company on the ASX you need to DYOR (Do Your Own Research) big time on Galileo Mining Ltd (Galileo Mining Ltd (ASX:GAL, OTC:GLMGF)).
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 (Galileo Mining Ltd (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
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About Samso
Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter.
Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances.
With a compelling format of relaxed online video interviews, Samso provides clear answers to questions they may not have the opportunity to ask and lays out the big picture to help them complete their investment research.
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Headed by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk interviews both feature friendly conversations with business figures that give insights into Australian Stock Exchange (ASX) companies, related concepts and industry trends.
Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resource sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009-2017 and has also been involved in several other ASX listings, providing advice, procuring projects and helping to raise capital.
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Disclaimer
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