In Coffee with Samso Episode 152, Galileo Mining Ltd (ASX:GAL) executive chair and managing director Brad Underwood talks about the Callisto PGE/Palladium discovery.
The discovery of a PGE system has been made in Norseman, Western Australia. Now it is all about establishing a resource and creating a path to production.
This episode is a discussion on the potential and the understanding of what Callisto can be and the path to production. The project is blessed with the best access to highway, railway, gas pipeline and access to a deep port in Esperance.
Watch the interview: Coffee with Samso Episode 152
As Galileo Mining moves into a new phase of drilling, I ask Brad Underwood how investors understand the PGE story. I ask him what can investors look for to better understand a good result and how to see value creations as more drill results materialize.
Galileo has been creating so much value for shareholders lately with the discovery so I asked Brad what he thinks of the mineral resource industry. What are his thoughts about the future market sentiment? This sentiment will also dictate when his potential production path will follow.
This is one of the best episodes with Brad Underwood so I urge readers to get a cup of coffee, tea or hot chocolate and settle in for a good half an hour of the Galileo story.
Chapters:
00:00 Start
00:20 Introduction
01:28 Updates on the Callisto discovery.
02:10 Understanding the Callisto Project.
05:28 Interpreting the cross sections.
07:00 What is the next drill program testing?
08:48 Is this the biggest drill program in Galileo?
10:21 Lessons learnt from Exploration Results.
12:12 PGE Story - Rhodium.
14:15 PGE Story - Palladium.
15:28 How do Investors understand the PGE Story?
17:25 The Fraser Range Project.
18:10 Investors - Patience in PGE projects.
20:25 Plans on other projects.
21:46 Callisto - Production and cashflow timeline.
23:36 Will the Mineral Resources Boom Continue?
26:30 News flow summary.
28:16 Conclusions.
PODCAST
About Brad Underwood
Executive 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.
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.
And in doing so, Samso also enables companies featured in interviews to build valuable engagement with their investment communities and customers.
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.
He brings all this experience and expertise to the Samso interviews, where his engaging conversation style creates a relaxed dialogue, revealing insights that can pique investor interest.
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Samso also has a track record of developing successful business concepts in the Australasia region and provides bespoke research and counsel to businesses seeking to raise capital and procuring projects for ASX listings.
Disclaimer
The information contained in this article is the writer’s personal opinion and is provided for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full disclaimer.