It's time for an update on nickel exploration with Galileo Mining (ASX:GAL) chairman and managing director Brad Underwood. 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[hhmc]
Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in southeast 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 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 10 kilometres from the companys current JORC cobalt-nickel resources. This 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. Galileos northern Fraser Range tenement is 80 kilometres from the operating Nova mine while the southern tenements are just 30 kilometres 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 Mark Creasy and Galileo managing director Brad Underwood spent eight years as general manager of the Creasy Groups exploration at the Fraser Range and Norseman.
Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding.
Creasy continues to be the largest shareholder, controlling approximately 31% of the company. ASX-listed miner IGO Ltd (ASX:IGO) and Mineral Resources founder Chris Ellison are included within the companys top five largest shareholders.
Galileo key milestones[hhmc]
About Brad Underwood[hhmc]
Brad Underwood is the chairman and managing director of Galileo Mining. 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 is on nickel, copper and cobalt in a tier-1 mining jurisdiction.
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