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GALILEO MINING LTD Regulatory Filings 2021

May 16, 2021

64962_rns_2021-05-16_f5a1d270-b278-4c26-97c5-ff34c95b6dde.pdf

Regulatory Filings

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17 May 2021

ASX: GAL

DRILL READY PALLADIUM TARGETS AT NORSEMAN

Corporate Directory

Highlights

Directors

Chairman & MD Brad Underwood

Non-Executive Director

Noel O’Brien

Non-Executive Director Mathew Whyte

Projects

Fraser Range Project Nickel-Copper-Cobalt

Norseman Project Cobalt-Nickel-Palladium

  • High palladium and rhodium assay results identified in Galileo’s database of previous RC drilling beneath and adjacent to existing cobalt resources at Norseman

  • Palladium and rhodium are high value “green” metals critical for pollution reduction

  • 35 RC drill holes with anomalous palladium greater than 0.4 g/t in regolith and 16 RC drill holes with anomalous palladium greater than 0.2 g/t in fresh rock

  • Best palladium results from weathered rock;

  • 48 metres @ 0.89 g/t Pd, 0.45 g/t Pt, 0.1 % Cu & 0.37% Ni from 3m (MTRC112) including

  • 5 metres @ 2.1 g/t Pd, 1.4 g/t Pt, 0.13% Cu & 0.23% Ni from 31m

  • Best palladium results from fresh rock;

  • 27 metres @ 0.58 g/t Pd, 0.12 g/t Pt, 0.13 % Cu & 0.18% Ni from 123m (MTRC096) including

  • 3 metres @ 1.1 g/t Pd, 0.19 g/t Pt, 0.23% Cu & 0.26% Ni from 135m

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Contact Details

T: +61 8 9463 0063 E: [email protected] W: www.galileomining.com.au 13 Colin St, West Perth, WA

  • 2 metres @ 2.39 g/t Pd, 0.63 g/t Pt, < 0.01 % Cu & 0.11% Ni from 92m (MTRC128) including

  • 1 metre @ 4.3 g/t Pd, 1.1 g/t Pt, < 0.01% Cu & 0.12% Ni from 92m

  • Palladium occurs in association with rhodium. Only two drill holes assayed for rhodium - prospective maximum grades of 0.36 g/t Rh in weathered rock and 0.18 g/t in fresh rock

  • Multiple drill ready targets with over 5km of prospective strike length at Mt Thirsty and over 10km of prospective strike length at Mission Sill

  • Palladium in fresh rock is related to copper sulphide mineralisation

Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce target generation work at the Norseman Project has identified significant intersections of palladium from the Company’s existing drill hole database. Multiple drill ready targets have been developed through geological interpretation of the prospective contact zones which host palladium in association with copper sulphide mineralisation.

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Commenting on the new palladium targets at Norseman, Galileo Managing Director Brad Underwood said: “Our ongoing review of the Norseman Project has delivered results with the recognition of the outstanding prospectivity for palladium in the region. The existing drill results demonstrate the quality of the project and have provided the basis for a new understanding of the mineralising processes. This has led to the development of robust drill targets with the potential for a significant palladium discovery. We will be aggressively pursuing this exceptional opportunity in conjunction with our search for nickel sulphide deposits at the Fraser Range which includes upcoming diamond drilling at the Delta Blues prospect.”

Figure 1 – Drill Section with Palladium Mineralisation and Target Zone at the Mt Thirsty Prospect

(see Appendices for details of anomalous palladium drill holes)

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Table 1 – Key Palladium Intersections for the Norseman Project (refer to Appendices for drill hole details)

Hole ID From
(m)
To (m) Interval Pd (g/t) Pt (g/t) Cu (%) Ni
(%)
Oxidation Prospect
MSSD001* 23 49 26 0.81 0.48 0.14 0.43 Saprolite Mission Sill
MTRC024 34 37 3 2.1 1.9 0.04 0.29 Saprolite Mission Sill
including 34 36 2 2.9 2.6 0.04 0.28 Saprolite Mission Sill
MTRC036 61 135 74 0.19 0.03 0.04 0.09 Fresh Mission Sill
MTRC038 0 6 6 0.87 0.28 0.06 0.36 Saprolite Mission Sill
MTRC042 82 141 59 0.18 0.03 0.04 0.07 Fresh Mission Sill
MTRC053 80 124 44 0.20 0.02 0.05 0.04 Fresh Mission Sill
MTRC068 89 148 59 0.18 0.01 0.04 0.04 Fresh Mission Sill
MTRC071 82 98 16 0.24 0.01 0.06 0.08 Fresh Mission Sill
MTRC086 132 156 24 0.51 0.08 0.10 0.15 Fresh Mt Thirsty
including 144 147 3 0.85 0.12 0.24 0.19 Fresh Mt Thirsty
MTRC096 123 150 27 0.58 0.12 0.13 0.18 Fresh Mt Thirsty
including 135 138 3 1.1 0.19 0.23 0.26 Fresh Mt Thirsty
MTRC112* 3 51 48 0.89 0.45 0.10 0.37 Saprolite Mission Sill
including 31 36 5 2.1 1.4 0.13 0.23 Saprolite Mission Sill
MTRC128 92 94 2 2.4 0.63 0.003 0.11 Fresh Mission Sill
including 92 93 1 4.3 1.1 0.005 0.12 Fresh Mission Sill

* Drill holes MSSD001 and MTRC112 are twin holes. MSSD001 was not assayed for Pd, Pt or Rh from surface to 23m.

Table 2 – Key Rhodium Intersections for the Norseman Project (refer to Appendices for drill hole details)

Hole ID From
(m)
To (m) Interval Pd (g/t) Pt (g/t) Cu (%) Ni
(%)
Rh (g/t) Oxidation
MSSD001 23 49 26 0.81 0.48 0.14 0.43 0.10 Saprolite
including 25 26 1 1.1 0.27 0.10 0.22 0.31 Saprolite
and 32 33 1 2.5 2.1 0.17 0.25 0.36 Saprolite
MTRC128 92 93 1 4.3 1.1 0.005 0.12 0.18 Fresh

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Drilling completed in 2016 by Galileo beneath the cobalt-nickel laterite resource at Mt Thirsty intersected a previously unrecognised zone of sulphide containing highly anomalous levels of palladium, platinum, copper, and nickel (see section in Figure 1). This sulphide zone occurs within an ultramafic rock unit interpreted to be an apophysis from the Mt Thirsty sill which itself is visible as a pronounced high in the magnetic map to the east (Figure 3). The stratigraphy at the drill hole location is flat and the sharp magnetic contact is believed to represent the position at which the sill crosscuts stratigraphy. This contact between the intruding sill and the flat lying stratigraphy is the prospective target zone with potential for higher grade mineralisation. The grade within the sulphide zone increases towards the east (Figure 1), supporting the idea that more mineralisation occurs within the target zone.

The prospective contact zone is easily traced to the north over 5km of strike and represents a substantial target. There is no record of any historic exploration for palladium/platinum along this basal contact position.

Figure 2 – Plan View of Anomalous Palladium Drill Holes and Prospective Contact Zone at the Mt Thirsty Prospect (see Appendices for drill hole details)

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Figure 3 – Magnetic Map (TMI) of Mt Thirsty Prospect showing over 5km of Prospective Contact Zone

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Figure 4 – Drill Section with Basement Palladium Mineralisation and Target Contact Zone at the Mission Sill Prospect (see Appendices for drill hole details)

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Galileo assay results are further supplemented by historical results. Drilling at the Mission Sill in the year 2000 by Anaconda Nickel was designed to investigate the development of nickel laterite resources in the area. Seven drill holes in the original program intercepted anomalous palladium and platinum within the near surface saprolite overlying the ultramafic component of the Mission Sill. Later drilling by Australian Gold Resources (AGR) focussed on the platinum potential in fresh rock of the ultramafic unit. Subsequent drilling by Galileo also concentrated on platinum intercepts within the ultramafic as well as drilling out the cobaltnickel laterite resource to JORC compliant resource standards.

The potential for palladium at the Mission Sill has now been recognised after a review of the data showed the existence of significant thicknesses of disseminated sulphide mineralisation (up to 5% in patches) at the contact between the ultramafic and mafic units of the Mission Sill. This contact position matches the location of multiple zones of anomalous mineralisation up to 74 metres thick containing approximately 0.2g/t palladium (MTRC036, Figure 4). The possibility of higher-grade mineralisation along this contact position is interpreted to be considerable, especially where the geometry and relative exhumation of the sill changes along strike.

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The prospective contact zone continues over 10km to the north with additional prospectivity to the south on the southern flank of an offset ultramafic block (Figure 6). This southern block also contains a cobalt-nickel laterite resource and was the subject of drilling by Galileo in 2018 to investigate the relationship between Platinum Group Metals (PGMs) and cobalt in the regolith (see Galileo ASX announcement dated 27[th] September 2018). This southern prospect contains the highest-grade palladium intercepted in weathered rock (MTRC112), and the highest grades of rhodium in MSSD001. The contact zone between ultramafic and mafic units has not yet been drilled at this location and is a priority target.

Two further drill ready targets occur on the Mission Sill where soil sampling completed late in 2020 (see Galileo ASX announcement dated 13[th] January 2021) highlighted two separate zones of anomalous palladium with maximum soil values of 0.31g/t Pd and 0.16g/t Pd respectively (shown on Figure 6).

Figure 5 – Plan View of Anomalous Palladium Drill Holes and Prospective Contact Zone at the

Mission Sill Prospect (see Appendices for details of anomalous palladium drill holes)

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Figure 6 – Magnetic Map of the Mission Sill Prospect with over 10km of Prospective Contact Zone

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Occurrences of high-grade palladium up to 4.3 g/t have also been observed within fresh rock of the ultramafic unit at Mission Sill (MTRC128, see section in Figure 4). This intersection was accompanied by a rhodium grade of 0.18g/t and demonstrates the fertility of the host rock units. However, the focus for exploration is currently on the ultramafic/mafic contact zones where sulphides occur in association with palladium. This is a similar position to where mineralisation occurs at other known deposits such as the Lac des Iles palladium mine in Canada and the Munni Munni platinum group metal deposit in Western Australia.

Planned work programs at the Norseman Project

  • Assaying of existing pulps for rhodium and platinum group metals

  • RC drilling of the known sulphide zones at the Mt Thirsty Sill and the Mission Sill

  • Aircore drilling of the prospective contact zone along strike of the sulphide zones at the Mission Sill and Mt Thirsty Sill

  • Ongoing target generation work for nickel, copper and cobalt

Palladium and rhodium are high value “green” metals critical for pollution reduction

Palladium and rhodium have both shown strong increases in price (Figure 7) over the previous year which corresponds with increased demand for these metals in their application as catalytic converters for pollution control. Palladium and rhodium are used to decrease emissions from vehicle exhaust as well as catalysts in bulk chemical and petroleum refining, medical devices, electronic applications, and jewellery.

High demand for palladium and rhodium is expected to continue, especially with the current global focus on pollution reduction. Both metals represent high value opportunities for the Company and align well with Galileo’s current strategy of exploration for battery metals including nickel, copper, and cobalt.

Figure 7 – One Year Palladium and Rhodium Price Charts (sourced from Kitco)

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Appendix 1: Norseman Project RC Drill Hole Collar Locations (Anomalous Palladium)

Hole ID Prospect East North RL Dip Azimuth Depth Exploration
Company1
MSSD001* Mission Sill 373822 6433360 304 -90 000 57 Galileo
MTRC001 Mission Sill 375915 6439342 398 -90 000 49 ANL
MTRC024 Mission Sill 374226 6436142 366 -90 000 37 ANL
MTRC025 Mission Sill 374326 6436142 372 -90 000 49 ANL
MTRC026 Mission Sill 374426 6436142 378 -90 000 40 ANL
MTRC027 Mission Sill 374526 6436142 383 -90 000 22 ANL
MTRC031 Mission Sill 373826 6435342 349 -90 000 40 ANL
MTRC033 Mission Sill 373626 6435342 346 -90 000 58 ANL
MTRC036 Mission Sill 374480 6436149 380 -60 090 145 AGR
MTRC037 Mission Sill 374398 6436150 380 -60 090 151.5 AGR
MTRC038 Mission Sill 374325 6436150 373 -60 090 159 AGR
MTRC039 Mission Sill 374240 6436146 367 -60 090 141 AGR
MTRC042 Mission Sill 374000 6435360 349 -60 090 141 AGR
MTRC043 Mission Sill 373917 6435363 346 -60 090 165 AGR
MTRC045 Mission Sill 373756 6435345 349 -60 090 153 AGR
MTRC046 Mission Sill 373678 6435364 349 -60 090 147 AGR
MTRC048 Mission Sill 373516 6435351 340 -60 090 147 AGR
MTRC051 Mission Sill 373633 6435365 348 -60 225 146 AGR
MTRC052 Mission Sill 373732 6435348 349 -60 225 183 AGR
MTRC053 Mission Sill 374520 6436160 386 -60 090 188 Galileo
MTRC054 Mission Sill 374400 6436080 379 -60 090 198 Galileo
MTRC055 Mission Sill 374320 6436157 373 -60 270 170 Galileo
MTRC056 Mission Sill 374250 6436080 367 -60 090 189 Galileo
MTRC062 Mission Sill 373992 6433364 340 -60 090 148 Galileo
MTRC063 Mission Sill 373903 6433365 338 -60 090 154 Galileo
MTRC064 Mission Sill 373817 6433355 341 -60 090 61 Galileo
MTRC068 Mission Sill 374692 6436463 393 -60 090 150 Galileo
MTRC069 Mission Sill 374776 6436460 396 -60 090 150 Galileo

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MTRC070 Mission Sill 374560 6436460 391 -60 090 220 Galileo
MTRC071 Mission Sill 374675 6436553 396 -60 090 150 Galileo
MTRC072 Mission Sill 374631 6436571 405 -60 090 150 Galileo
MTRC076 Mission Sill 374433 6436532 404 -60 090 130 Galileo
MTRC077 Mission Sill 374486 6436570 405 -60 090 150 Galileo
MTRC079 Mission Sill 373806 6433363 341 -60 090 70 Galileo
MTRC086 Mt Thirsty 372306 6448011 369 -65 295 246 Galileo
MTRC096 Mt Thirsty 372361 6448011 366 -70 295 216 Galileo
MTRC112* Mission Sill 373821 6433359 304 -90 000 76 Galileo
MTRC117 Mission Sill 373748 6435299 316 -90 000 80 Galileo
MTRC128 Mission Sill 374213 6436160 332 -60 090 94 Galileo
MTRC129 Mission Sill 374137 6436054 330 -60 090 73 Galileo
NRC149 Mission Sill 373835 6433357 306 -90 000 72 Galileo
NRC150* Mission Sill 373830 6433362 304 -90 000 71 Galileo
NRC151* Mission Sill 373822 6433368 304 -90 000 77 Galileo
NRC152* Mission Sill 373824 6433344 304 -90 000 57 Galileo
NRC153* Mission Sill 373816 6433349 304 -90 000 65 Galileo
NRC154* Mission Sill 373830 6433349 304 -90 000 54 Galileo
NRC155* Mission Sill 373815 6433363 304 -90 000 65 Galileo
NRC156* Mission Sill 373810 6433357 303 -90 000 72 Galileo
NRC174 Mission Sill 374083 6433604 297 -90 000 64 Galileo
NRC187 Mission Sill 374070 6433518 296 -90 000 48 Galileo
NRC218 Mission Sill 374306 6436158 337 -60 270 141 Galileo

Easting and Northing coordinates are GDA94 Zone 51.

1 ANL = Anaconda Nickel Limited who worked through Joint Venture on expired tenement E63/654

AGR = Australian Gold Resources who held expired tenement E63/654 which is covered by currently live Galileo tenement E63/1041

Galileo = Galileo Mining Ltd

  • MSSD001 and MTRC 112 are twin drill holes. Drill holes NRC149, NRC150, NRC151, NRC152, NRC153, NRC154, NRC155, NRC156 were drilled in a cluster around MTRC112 to investigate the distribution of PGM within the cobalt mineral resource – see Galileo announcement dated 27[th] September 2018.

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Appendix 2 – Norseman Project Significant Palladium Assay Summary (>0.4 g/t Pd cut-off in saprolite includes zones of internal dilution > 0.2 g/t Pd: cut-off in fresh rock > 0.2 g/t Pd, includes zones of internal dilution > 0.1 g/t Pd).

Hole ID From
(m)
To (m) Interval Pd (g/t) Pt (g/t) Cu (%) Ni
(%)
Au (ppb) Oxidation
MSSD001 23 49 26 0.81 0.48 0.14 0.43 < 1 Saprolite
MTRC001 38 46 8 0.49 0.30 0.03 0.51 76 Saprolite
MTRC024 34 37 3 2.09 1.9 0.04 0.29 217 Saprock
including 34 36 2 2.9 2.6 0.04 0.28 280 Saprock
MTRC025 0 12 12 0.56 0.23 0.10 0.33 47 Saprolite
MTRC026 0 2 2 0.40 0.15 0.05 0.19 38 Saprolite
MTRC027 2 14 12 0.49 0.08 0.17 0.36 24 Saprolite
MTRC031 6 8 2 0.44 0.40 0.04 0.25 1 Saprolite
MTRC033 10 18 8 0.48 0.07 0.04 0.25 2 Saprolite
MTRC036 61 135 74 0.19 0.04 0.04 0.09 9 Fresh
MTRC037 126 136 10 0.19 0.04 0.05 0.10 7 Fresh
MTRC038 0 6 6 0.87 0.28 0.06 0.36 52 Saprolite
MTRC039 1 3 2 0.63 0.16 0.04 0.25 42 Saprolite
MTRC039 47 54 7 0.55 0.39 0.009 0.13 47 Saprolite
MTRC042 82 141 59 0.18 0.03 0.04 0.07 8 Fresh
MTRC043 56 60 4 0.17 0.07 0.05 0.15 6 Saprock/Fresh
MTRC043 65 67 2 0.22 0.08 0.06 0.18 6 Fresh
MTRC043 103 104 1 0.20 0.09 0.10 0.16 32 Fresh
MTRC045 25 26 1 0.49 0.09 0.01 0.23 2 Saprolite
MTRC045 33 34 1 0.40 0.07 0.01 0.38 4 Saprolite
MTRC046 26 27 1 0.40 0.06 0.01 0.20 < 1 Saprolite
MTRC046 41 44 3 1.07 0.48 0.09 0.61 1 Saprolite
MTRC048 76 77 1 0.41 0.09 0.10 0.15 33 Saprolite
MTRC051 3 18 15 0.39 0.10 0.05 0.19 1 Saprolite
MTRC051 104 108 4 0.20 0.05 0.04 0.13 11 Fresh
MTRC052 80 81 2 0.49 0.05 0.01 0.48 57 Saprolite
MTRC053 56 124 68 0.20 0.03 0.04 0.04 8 Fresh
MTRC054 178 198 50 0.20 0.02 0.04 0.05 4 Fresh
MTRC055 0 7 7 0.60 0.25 0.06 0.32 42 Saprolite
MTRC056 0 2 2 0.52 0.18 0.05 0.23 89 Saprolite
MTRC062 124 128 4 0.22 0.002 0.04 0.04 7 Fresh
MTRC063 34 36 2 0.47 0.07 0.08 0.56 3 Saprolite
MTRC064 7 38 31 0.37 0.29 0.06 0.25 11 Saprolite
MTRC068 89 148 59 0.18 0.01 0.04 0.04 4 Fresh
MTRC069 0 4 4 0.46 0.14 0.07 0.05 < 1 Saprolite
MTRC070 215 218 3 0.20 0.03 0.06 0.18 36 Fresh
MTRC071 82 98 16 0.24 0.01 0.06 0.08 9 Fresh
MTRC072 130 136 6 0.17 0.03 0.06 0.07 11 Fresh
MTRC076 0 12 12 0.37 0.05 0.03 0.22 < 1 Saprolite
MTRC077 0 3 3 0.59 0.17 0.04 0.16 3 Saprolite

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Hole ID From
(m)
To (m) Interval Pd (g/t) Pt (g/t) Cu (%) Ni
(%)
Au (ppb) Oxidation
MTRC079 16 42 26 0.43 0.34 0.07 0.25 2 Saprolite
MTRC086 132 156 24 0.51 0.08 0.10 0.15 44 Fresh
including 144 147 3 0.85 0.12 0.24 0.19 56 Fresh
MTRC096 123 150 27 0.58 0.12 0.13 0.18 32 Fresh
including 135 138 3 1.1 0.19 0.23 0.26 63 Fresh
MTRC112 3 51 48 0.89 0.45 0.10 0.37 2 Saprolite
including 31 36 5 2.1 1.4 0.13 0.23 < 1 Saprolite
MTRC117 21 24 3 0.54 0.16 0.01 0.21 1 Saprolite
MTRC128 92 94 2 2.4 0.63 0.003 0.11 39 Fresh
including 92 93 1 4.3 1.1 0.005 0.12 70 Fresh
MTRC129 6 9 3 0.49 0.08 0.01 0.12 1 Saprolite
NRC149 0 66 66 0.58 0.23 0.07 0.49 4 Saprolite
NRC150 0 57 57 0.67 0.36 0.10 0.44 7 Saprolite
NRC151 9 37 28 0.57 0.20 0.06 0.36 2 Saprolite
NRC152 3 30 27 0.79 0.21 0.04 0.35 5 Saprolite
NRC153 3 51 48 0.64 0.34 0.07 0.40 5 Saprolite
NRC154 3 45 42 0.54 0.20 0.04 0.39 6 Saprolite
NRC155 6 57 51 0.56 0.21 0.07 0.46 5 Saprolite
NRC156 9 62 53 0.60 0.27 0.07 0.50 2 Saprolite
NRC174 12 15 3 0.84 0.30 0.11 0.22 2 Saprolite
NRC187 6 33 27 0.59 0.18 0.08 0.31 7 Saprolite
NRC218 0 6 6 1.13 0.27 0.04 0.15 84 Saprolite

Intercepts for saprolite presented at 0.4 g/t Pd cut-off with internal dilution, fresh rock cut-off is 0.2 g/t Pd with internal dilution.

Appendix 3: Norseman Project Significant Rhodium (Rh) Results, Palladium >0.4g/t in saprolite; >0.2g/t in fresh rock. MSSD001 and MTRC128 are the only drill holes with Rhodium assays.

Hole ID From
(m)
To (m) Interval Pd (g/t) Pt (g/t) Cu (%) Ni (%) Au
(ppb)
Rh (g/t) Oxidation
MSSD001 23 49 26 0.81 0.48 0.14 0.43 < 1 0.10 Saprolite
including 25 26 1 1.1 0.27 0.10 0.22 < 1 0.31 Saprolite
and 32 33 1 2.5 2.1 0.17 0.25 < 1 0.36 Saprolite
MTRC128 92 93 1 4.3 1.1 0.005 0.12 70 0.18 Fresh

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Competent Person Statement

The information in this report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr Brad Underwood, a Member of the Australasian Institute of Mining and Metallurgy, and a full time employee of Galileo Mining Ltd. Mr Underwood has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Underwood consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

With regard to the Company’s ASX Announcements referenced in the above Announcement, the Company is not aware of any new information or data that materially affects the information included in the Announcements.

Authorised for release by the Galileo Board of Directors.

Investor information: phone Galileo Mining on + 61 8 9463 0063 or email [email protected]

Media:

David Tasker Managing Director Chapter One Advisors E: [email protected] T: +61 433 112 936

About Galileo Mining:

Galileo Mining Ltd (ASX: GAL) is focussed on the exploration and development of nickel, copper and cobalt resources in Western Australia. GAL has Joint Ventures with the Creasy Group over tenements in the Fraser Range which are highly prospective for nickel-copper sulphide deposits similar to the operating Nova mine. GAL also holds tenements near Norseman with over 26,000 tonnes of contained cobalt, and 122,000 tonnes of contained nickel, in JORC compliant resources (see Figure 7 below).

Figure 7: JORC Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated May 25[th] 2018 and ASX announcement dated 11[th] December 2018, accessible at http://www.galileomining.com.au/investors/asx-announcements/). Galileo confirms that all material assumptions and technical parameters underpinning the Estimates continue to apply and have not materially changed).

Cut-off
Cobalt %
Class Tonnes Mt Co Ni
% Tonnes % Tonnes
MT THIRSTY SILL
0.06 % Indicated
Inferred
Total
10.5
2.0
12.5
0.12
0.11
0.11
12,100
2,200
14,300
0.58
0.51
0.57
60,800
10,200
71,100
MISSION SILL
0.06 % Inferred 7.7 0.11 8,200 0.45 35,000
GOBLIN
0.06 % Inferred 4.9 0.08 4,100 0.36 16,400
TOTAL JORC COMPLIANT RESOURCES
0.06 % Total 25.1 0.11 26,600 0.49 122,500

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Appendix 4:

Galileo Mining Ltd – Norseman Project

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld
XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of
sampling.
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.
Aspects of the determination of mineralisation
that are Material to the Public Report.
In cases where ‘industry standard’ work has
been done this would be relatively simple (eg
‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.
Galileo
•Reverse Circulation (RC) drilling was
used to obtain one metre individually
bagged chip samples.
•Each RC bag was spear sampled to
provide
a
3-metre
representative
composite sample for analyses. 1m
interval 1/8 portion riffle split samples
were collected into calico bags for
additional assay if required.
•QAQC standards (blank & reference)
and duplicate samples were included
routinely with 1 per 20 samples being a
standard or duplicate.
•Samples were sent to an independent
commercial assay laboratory.
•Assay sample preparation comprised
oven drying, pulverising, and splitting to
obtain a representative assay charge
pulp.
•A 50g Lead Collection Fire Assay with
ICP-MS was used to determine Pt, Pd
and Au results.
•A four acid digest was used for a multi-
element analysis suite including Ag, Al,
As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cs, Cu,
Fe, Ga, Ge, Hf, In, K, Li, Mg, Mn, Mo,
Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc,
Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W,
Y, Zn, Zr by ICP-MS or ICP-OES for all
samples.
AGR/ANL
•Each 1m interval RC bag was passed
through a 3-tier riffle splitter to provide
2m representative composite samples
for analysis.
•QAQC
standards
and
duplicate
samples were included routinely at a
frequency of 1 per 20 samples being a
standard or duplicate.
•Samples were sent to an independent
commercial assay laboratory.
•All
assay
sample
preparation
comprised ovendrying and pulverising

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Criteria JORC Code explanation Commentary
of the entire sample and splitting to
obtain a representative assay charge
pulp.
•Barren quartz wash was used between
each sample.
•A 4 Acid digest with ICP-OES finish was
used to determine Al, As, Ca, Co, Cr,
Cu, Fe, Mg, Mn, Ni, Zn assay results.
•A 40g Fire Assay with AR ICP-OES
finish was used to determine Au, Pd, Pt
assay results.
AGR
•Each 1m interval ground dumped RC
sample pile bag was spear sampled to
provide a 4m representative composite
for analysis. 1m interval 1/8 portion riffle
split samples were collected into calico
bags and retained for assay if required
for analysis.
•QAQC
standards
and
duplicate
samples were included routinely at a
frequency of 1 per 20 samples being a
standard or duplicate.
•Samples were sent to an independent
commercial assay laboratory.
•All
assay
sample
preparation
comprised oven drying and pulverising
of the entire sample and splitting to
obtain a representative assay charge
pulp.
•A 4 Acid digest with ICP-OES finish was
used to determine Al, Ca, Co, Cr, Cu,
Fe, Mg, Mn, Ni, Zn assay results.
Where composite assays returned
>100ppb combined Pd-Pt individual 1/8
riffle split samples were submitted for
assay.
•A 25g Fire Assay with AR AAS finish
was used to determine Au, Pd, Pt assay
results.
Where
composite
assays
returned >100ppb combined Pd-Pt
individual 1/8 riffle split samples were
submitted for assay.
Drilling
techniques
Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
oriented and if so, by what method, etc).
Galileo
•RC drilling was undertaken using a 5 ½
“ face sampling drill bit completed by
Red Rock Drilling Pty Ltd.
AGR/ANL
•RC drilling was undertaken using a 5 ¼
“ face sampling drillbit completed by

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Criteria JORC Code explanation Commentary
Westralian Diamond Drillers Pty Ltd.
AGR
•RC drilling was undertaken using a 5 ¼
“ face sampling drill bit completed by
Colby Drilling Pty Ltd.
Drill sample
recovery
Method of recording and assessing core and
chip sample recoveries and results assessed.
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential loss/gain
of fine/coarse material.
•Sample
recoveries
are
visually
estimated for each metre with poor or
wet samples recorded in drill and
sample log sheets.
•The sample cyclone was routinely
cleaned at the end of each 6m rod and
when deemed necessary.
•No relationship has been determined
between sample recoveries and grade
and there is insufficient data to
determineifthereis a sample bias
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
The total length and percentage of the relevant
_intersections logged. _
•Geological logging of drill holes was
done on a visual preliminary basis with
full logging in progress to include
lithology, grainsize, mineralogy, colour
and weathering.
•Logging of drill chips is qualitative and
based on the presentation of the 1m
samples in the chip trays.
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
Galileo
•All RC drill samples were collected
using a PVC spear as 3m composites
(2-3kg). Other composites of 2m and
4m and individual 1m samples were
collected where required ie, at the
bottom of hole.
•The samples were dried and pulverised
before analysis.
•QAQC
reference
samples
and
duplicates were routinely submitted
with each batch.
•The
sample
size
is
considered
appropriate for the mineralisation style,
application and analytical techniques
used.
AGR/ANL
•All RC drill samples were collected
using a 1m interval RC bag passed
through a 3-tier riffle splitter to provide
2m composites (2-3kg). Individual 1m
samples were collected where required
ie, at the bottom of hole.
•The samples were dried and pulverised
before analysis.

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Criteria JORC Code explanation Commentary
•QAQC
reference
samples
and
duplicates were routinely submitted
with each batch.
•The
sample
size
is
considered
appropriate for the mineralisation style,
application and analytical techniques
used.
AGR
•All RC drill samples were collected
using a PVC spear as 4m composites
(2-3kg). Other composites of 2m, 3m
and individual 1m samples were
collected where required ie, at the
bottom of hole.
•The samples were dried and pulverised
before analysis.
•QAQC
reference
samples
and
duplicates were routinely submitted
with each batch.
•The
sample
size
is
considered
appropriate for the mineralisation style,
application and analytical techniques
used.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and precision
have been established.
Galileo
•RC chip samples were analysed for a
multi-element suite (44 elements) by
ICP-MS or ICP-OES following a four-
acid digest. The assay methods used
are considered appropriate.
•QAQC standards and duplicates were
routinely included at a rate of 1 per 20
samples.
•Further
internal
laboratory
QAQC
procedures included internal batch
standards and blanks.
•Sample preparation was completed at
Intertek
Genalysis
Laboratory,
(Kalgoorlie) with digest and assay
conducted
by
Intertek
Genalysis
Laboratory Services (Perth) using a 50g
fire assay (FA50/MS) and a four acid
(4A/MS48) for multi-elements.
AGR/ANL
•RC chip samples were analysed for a
multi-element
suite
by
ICP-OES
following a four-acid digest. The assay
methods
used
are
considered
appropriate.
•QAQC standards and duplicates were
routinely included at a rate of 1 per 20
samples.
•Internal laboratory QAQC procedures

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Page 18 | 25

Criteria JORC Code explanation Commentary
included batch standards, blanks and
repeats.
•Sample preparation, digest and assay
was conducted at UltraTrace (Perth)
using a four-acid digest ICP-OES finish
for multi-elements and a 40g fire assay
ICP-OES finish for Au, Pd, Pt assay.
AGR
•RC chip samples were analysed for a
multi-element
suite
by
ICP-OES
following a four-acid digest. The assay
methods
used
are
considered
appropriate.
•QAQC standards and duplicates were
routinely included at a rate of 1 per 20
samples.
•Internal laboratory QAQC procedures
included batch standards, blanks and
repeats.
•Sample preparation, digest and assay
was
conducted
at
Genalysis
(Maddington - Perth) using a four-acid
digest
ICP-OES
finish
for
multi-
elements and a 25g fire assay AAS
finish for Au,Pd,Pt assay.
Verification of
sampling and
assaying
The verification of significant intersections by
either independent or alternative company
personnel.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Discuss any adjustment to assay data.
Galileo
•Field data is collected on site using a
standard set of logging templates
entered directly into a laptop. Data is
then sent to the Galileo database
manager for validation and upload into
the database.
•Assays are as reported from the
laboratory and stored in the Company
database and have not been adjusted
in any way.
AGR/ANL
•Field data is collected on site using a
standard set of logging templates. Data
is then sent to the AGR/ANL database
manager for data entry, validation and
upload into the database.
•Assays are as reported from the
laboratory and stored in the Company
database and have not been adjusted
in any way.
AGR
•Field data is collected on site using a
standard set of logging templates
entered directly into a laptop. Data is
then sent to the AGR database
manager for validation and upload into

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Page 19 | 25

Criteria JORC Code explanation Commentary
the database.
•Assays are as reported from the
laboratory and stored in the Company
database and have not been adjusted
in any way.
Location of
data points
Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
Galileo
•Drill hole collars are surveyed with a
handheld GPS with an accuracy of +/-
5m which is considered sufficient for
drill hole location accuracy.
•Co-ordinates are in MGA94 datum,
zone 51.
•Topographic control has an accuracy of
2m based on detailed satellite imagery
derived DTM.
AGR/ANL
•Drill hole collars are surveyed with an
Omnistar Differential GPS with an
accuracy of +/-2m which is considered
sufficient for drill hole location accuracy.
•Co-ordinates are in MGA94 datum,
zone 51.
•Topographic control has an accuracy of
2m based on detailed satellite imagery
derived DTM.
AGR
•Drill hole collars are surveyed with an
Omnistar Differential GPS with an
accuracy of +/-2m which is considered
sufficient for drill hole location accuracy.
•Co-ordinates are in MGA94 datum,
zone 51.
•Topographic control has an accuracy of
2m based on detailed satellite imagery
derived DTM.
Data spacing
and
distribution
Data spacing for reporting of Exploration
Results.
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been applied.
Galileo
•Drill hole spacing for the individual drill
holes was based on a close spaced grid
pattern around existing drilling.
•Depending on the assessment of all drill
data it is expected that drilling at 80m
by 40m grid pattern may be adequate to
establish an inferred resource. This
assumption is based on the laterite Ni-
Co style of mineralisation only.
•Drill holes were sampled on a 3m
composite basis or as 1m, 2m or 4m
samples at the end of the hole as
required. Where anomalousvalues are

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Page 20 | 25

Criteria JORC Code explanation Commentary
returned 1m samples may be submitted
for assay.
AGR/ANL
•Drill hole spacing for the individual drill
holes was based on an initial 800m line
by 100m along line hole spaced grid
pattern. In isolation this spacing is not
considered adequate to establish an
inferred resource.
•Drill holes were sampled on a 2m
composite basis or as 1m samples at
the end of the hole as required.
AGR
•Drill hole spacing for the individual drill
holes varied specific to the target area
and if infilling previous drilling works. In
isolation this spacing is not considered
adequate to establish an inferred
resource. All RC drill samples were
collected using a PVC spear as 4m
composites (2-3kg). Other composites
of 2m, 3m and individual 1m samples
were collected as required at end of
hole.
Orientation of
data in
relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
•It is unknown whether the orientation of
sampling achieves unbiased sampling
of
possible
structures
as
the
mineralisation is hosted both in soft
regolith material and on the margin of
contact
zones
with
uncertain
geometries. All drilling was RC or sonic
and hence no measurable structures
were recorded.
•Given the nature of mineralisation it is
thought that the geometry is best
described
as
horizontal
or
sub-
horizontal in regolith. Mineralisation in
fresh rock at Mt Thirsty, where known,
appears horizontal. Mineralisation in
fresh rock at Mission Sill occurs as a
halo around a steeply dipping contact.
However
no
quantitative
measurements
exist
and
all
drill
intercepts are reported as down hole
length, truewidthunknown.
Sample
security
The measures taken to ensure sample security. •Each sample was put into a tied off
calico bag and then several placed in a
large plastic “polyweave” bag which
was zip tied closed. For transport,
sampled were placed on wooden
pallets inside plastic “polyweave” “Bulk
Bags” ensuringno loss of material.

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Criteria JORC Code explanation Commentary
•Samples were delivered directly to the
laboratory by the company’s freight
contractors.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.
•Continuous improvement reviews of
sampling techniques and procedures
are ongoing.
•No
external
audits
have
been
performed.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)


(Criteria listed in

the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
•The Norseman Project comprises two
exploration licenses, eighteen granted
prospecting licenses and one mining
lease covering 278km2
•All tenements within the Norseman
Project are 100% owned by Galileo
Mining Ltd.
•The Norseman Project is centred
around a location approximately 10km
north-west of Norseman on vacant
crown land.
•All tenements in the Norseman Project
are 100% covered by the Ngadju Native
Title Determined Claim.
•The tenements are in good standing and
there arenoknown impediments.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by
other parties.
Between
the
mid-1960’s
and
2000
exploration was conducted in the area for
gold, base-metals and most notably Cu-Ni
sulphides. Exploration focussed on the Mt
Thirsty Sill and eastern limb of the Mission
Sill.
Central Norseman Gold Corporation/WMC
(1966-1972)
•Explored the Jimberlana Dyke for Ni-Cu-
PGE-Cr.
Soil
sampling
generated
several Cu anomalies 160-320ppm Cu.
Barrier
Exploration
and
Jimberlana
Minerals Between (1968 and 1974)
•Explored immediately south of Mt
Thirsty for Ni-Cu sulphide. IP, Ground
Magnetic Surveys, Soil Sampling, Soil
Auger Sampling and Diamond Drilling
was completed. Peak drill assays were
Cu 0.112%, Ni 0.078%.

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Criteria JORC Code explanation Commentary
Resolute Limited, Great Southern Mines
Ltd and Dundas Mining Pty Ltd (1993-1996)
•Gold focussed exploration. Several gold
anomalies
were
identified
in
soil
geochemistry but were not followed up.
Resolute assayed for Au, Ni, Cu, Zn but
did not assay for PGE.
•Resolute Limited drilled laterite regolith
profiles over the ultramafic portions of
the Mt Thirsty Sill and identified a small
Ni-Co Resource with high Co grades.
Kinross Gold Corp Australia (1999)
•completed
a
50m
line
spaced
aeromagnetic survey.
2000-2004
•Australian Gold Resources (“AGR”) held
“Mt Thirsty Project” from 2000 to 30th
June 2004. Works identified Ni-Co
resources on the Project.
•Anaconda Nickel Ltd (“ANL”) explored
AGR Mt Thirsty Project as part of the
AGR/ANL
Exploration
Access
Agreement 2000-2001.
AGR/ANL (2000-2001)
•Mapping focussed on identifying Co-Ni
enriched regolith areas.
•RC on 800mx100m grid at Mission Sill
targeting Ni-Co Laterite (MTRC001-
MTRC035). Nickel assay maximum of
0.502%, Co 0.155%, Cu to 0.228%.
•Concluded the anomalous Cu-PGE
association
suggested
affinity
with
Bushveldt or Stillwater style PGE
mineralisation. A lack of an arsenic
correlation
cited
as
support
for
magmatic rather than hydrothermal
PGE source.
AGR (2003-2004)
•Soil sampling over the Mission Sill and
Jimberlana Dyke.
•RC drilling (MTRC036-052) confirmed
shallow PGE anomalism with best
results of 1m at 2.04 combined Pt-Pd in
MTRC038 from surface.
•Petrographyidentified sulphide textures

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Page 23 | 25

Criteria JORC Code explanation Commentary
indicative
of
primary
magmatic
character.
•Sixty samples were re-assayed for PGE
when assays returned >0.05% Cu. A
further 230 samples were re-assayed
based on the initial Au-Pd-Pt results.
The best combined result for Au-Pd-Pt
was 5.7g/t.
Galileo
•Galileo commenced exploration on the
Mt Thirsty Project from 30thJune 2004
after sale of the tenement by AGR.
Geology Deposit type, geological setting and style of
mineralisation.
•The target geology and mineralisation
style is supergene palladium-platinum
within weathered regolith material and
palladium-platinum
mineralisation
associated with sulphides contained
within fresh rock.
•The underlying unweathered lithology is
dominated
by
ultramafic
to
mafic
intrusive
and
volcanic,
typically
orthocumulate
to
mesocumulate
peridotite and pyroxeniterocks.
Drill hole
Information
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following information
for all Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
_case. _
•Refer to drill hole collar and intercept
reporting table in the body of the report
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate short
lengths of high-grade results and longer lengths
of low grade results, the procedure used for
such aggregation should be stated and some
typical examples of such aggregations should be
shown in detail.
• _The assumptions used for any reporting of metal _
•Weighted averaging has been used,
based on the sample interval, for the
reporting of drilling results.
•Aggregation procedures are described
in the footnotes to the drill hole intercept
table in the body of the report.

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Page 24 | 25

Criteria JORC Code explanation Commentary
equivalent values should be clearly stated.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in
the reporting of Exploration Results.
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
If it is not known and only the down hole lengths
are reported, there should be a clear statement
to this effect (eg ‘down hole length, true width
not known’).
•The mineralisation occurs in RC drill
chip and sonic drilling samples and no
structures have been recorded.
•Given the nature of oxide mineralisation
it is thought that the oxide geometry is
best described as horizontal or sub-
horizontal.
•No quantitative measurements exist in
oxide or fresh rock and all drill intercepts
are reported as down hole length, true
widthunknown
Diagrams Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for
any significant discovery being reported These
should include, but not be limited to a plan view
of drill hole collar locations and appropriate
_sectional views. _
•Project location maps and plan maps of
the mineralisation have been included
along with accurate GPS drill hole collar
locations +/- 5m in X/Y/Z dimensions.
Balanced
reporting
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
_Results. _
•All significant results are reported.
Other
substantive
exploration
data
Other exploration data, if meaningful and
material, should be reported including (but not
limited to): geological observations; geophysical
survey results; geochemical survey results; bulk
samples – size and method of treatment;
metallurgical test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
•Detailed 50m line spaced aeromagnetic
data has been used for interpretation of
underlying geology. Data was collected
by Magspec Airborne Surveys Pty Ltd
using a Geometrics G-823 caesium
vapor magnetometer at an average
flying height of 30m.
•Moving Loop Electromagnetic Survey
Data
•Soil Geochemical sampling data.
Further work The nature and scale of planned further work
(eg tests for lateral extensions or depth
extensions or large-scale step-out drilling).
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _
•Follow
up
drilling
of
anomalous
palladium mineralisation
•Re-assay of selected pulps
•Additional soil sampling and prospecting
along contact zones

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Page 25 | 25