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HIGH GRADE COBALT AND PGE AT MISSION SILL SOUTH RESOURCE

PR: Close spaced drilling around existing cobalt-platinumpalladium mineralisation at its Norseman project has confirmed high-grade results. The drilling was focussed within the existing Mission Sill South resource (Figure 3) and highlights the potential for a significant value-adding by-product at the Norseman Cobalt Project, located in the Goldfields region of Western Australia.

Drilling was completed on a close spacing around existing drill hole MTRC112, and its twin hole MSSD001, with the intention of determining the capacity for PGE mineralisation within the cobalt resource. Interpretation of results shows that palladium and platinum are found both above and within the cobalt mineralisation suggesting that they may be extracted as a byproduct to a potential cobalt mining operation.

Follow up drilling will now be planned to assess the extent of the PGE occurrence within the cobalt resource with the aim of building a JORC compliant PGE resource should results allow

Galileo Managing Director, Brad Underwood, said the latest PGE results indicated that significant additional value may occur at the Norseman Cobalt Project.

“The PGE results received to date suggest the possibility of a continuous zone of shallow palladium and platinum mineralisation. Further drilling will be required to determine the magnitude of the mineralisation and we will be assessing the prospect of a deeper primary source to the PGEs.”

“Drilling for PGEs at Mission Sill South has also confirmed the high-grade nature of cobalt within the Norseman Cobalt Project. We expect that the quality of our cobalt mineralisation will be a significant advantage to Galileo as we pursue the development of our resource base.” Mr Underwood said.

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