Galileo Mining

📋 About: Galileo Mining (ASX: GAL) is focused on the discovery of base metals in Western Australia. The company is exploring for large scale magmatic nickel copper deposits in the Fraser Range and for high grade nickel-copper-cobalt resources at its Norseman project.

🌏 Macro Theme: Analysts are generally expecting tailwinds for the nickel price due to increasing demand from the electric vehicle industry. The World Bank predicts that Nickel demand is guaranteed to increase by some of the most dramatic figures by tonnes.

Galileo Mining Company Milestones

✅ Portfolio Launch
✅ $5M Cap Raise @ 22c
✅ IGO Group Becomes a Substantial Shareholder
✅ $6.5M Cap Raise @26c
🔲 Project Funding 2
🔲 Project Funding 3
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2

Fraser Range (Nickel)

✅ RC Drilling Commenced (Lantern)
✅ First Assays (Lantern)
✅ Advanced Drill Targets Finalised (Lantern)
✅ RC Drilling (Lantern)
✅ Diamond Drilling (Lantern)
🟥 Drill Results (Lantern North)
✅ Drill Results (Lantern South)
✅ Drill Results (Lantern East)
✅ Further Diamond Drill Targets Finalised (Lantern East & South)
✅ Drill Targets Defined (Delta Blues)
🟥 Drill Results (Lantern East)
🟧 Drill Results (Lantern South)
✅ RC Drilling (Delta Blues)
🟩 Assay Results RC Drilling (Delta Blues)
🔲 Diamond Drilling (Delta Blues)
🔲 Drill Results (DB1)
🔲 Drill Results (DB2)
✅ [NEW] New Drill Targets Identified (Easterly Prospect)
🔲 [NEW] Drill Target Refined (Easterly Prospect)
🔲 [NEW] Drill Testing Commenced (Easterly Prospect)
🔲 [NEW] Assay Results (Easterly Prospect)

Norseman (Palladium)

✅ Soil Sampling
✅ Promising Palladium Results from Soil Sampling
✅ Assay results from soil sampling
🔲 Aircore drilling at Norseman
🔲 More drill target generation work
🔲 New Milestones Added

GAL Investment Milestones

✅ Initial Investment: @24.65c
✅ Increase Investment: @23.5c
✅ Increase Investment: @29.1c
✅ Increase Investment: @26c
🔲 Price increases 500% from initial entry
🔲 Price increases 1000% from initial entry
🔲 Price increases 2000% from initial entry
✅ 12 Month Capital Gain Discount
🔲 Free Carry
🔲 Take Profit
🔲 Hold remaining Position for next 2+ years

”Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
🔄 In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added