NICKEL

Our long term exploration investment Galileo Mining (ASX:GAL) has fired up its 2022 drilling program across multiple projects, with the goal of delivering palladium and nickel discoveries.

Today BPM Minerals (ASXL:BPM) announced that whilst running EM surveys over its Nickel project in WA it had identified 11 EM conductors. With drill rigs hard to come by in WA, BPM also announced that it had opportunistically moved to secure a drill rig which is expected to start a 3,000m air core (AC) drilling program early next week.

Today we will share two important lessons we have learned (the hard way) for micro-cap/small-cap investing.

Our investment Galileo Mining (ASX: GAL) is an early stage explorer focussed on finding the metals that are used to drive clean energy - in particular nickel, copper, cobalt and palladium.

​​Our nickel explorer Galileo Mining (ASX:GAL) is chasing a large nickel discovery in the Fraser Range of WA. And with a pipeline of multiple highly promising drill targets, we are betting on GAL’s team to find a major discovery on its projects.

It’s no secret that we have been eagerly looking forward to the IPO of Vulcan’s “Zero Carbon copper, nickel and cobalt” spin out company Kuniko (ASX:KNI) - today we add KNI to our portfolio.

As long term investors in Galileo Mining (ASX:GAL), we welcome today’s news that nickel drilling is finally underway at its Fraser Range Project in WA.

Introduce BPM Minerals (ASX: BPM)’s two other mining projects that have near term catalysts. We think these two “side-bets” could accelerate share price activity prior to the main drilling event we invested for in late 2021.

Galileo Mining Ltd (ASX:GAL) is exploring for nickel in the Fraser Range, but yesterday announced that its recently completed drill hole didn’t deliver a discovery.

We have held Galileo Mining (ASX: GAL) since March last year, and over the last few weeks we have doubled our position in this stock. We invested in GAL, as we are seeking a return of multiples of our original investment - which is possible if GAL makes a large discovery.

Pursuit Minerals (ASX: PUR) has just announced it is set to acquire a 593km2 tenement package in the province, a mere 50km north east of CHN’s monstrous discovery.

Having almost singlehandedly spurred the mainstream auto industry towards an electric powered future, Tesla’s chief executive, Elon Musk, is now pushing the industry to seek out more high purity manganese to power its vehicles. This could have positive ramifications for Euro Manganese Inc (ASX: EMN).

Galileo Mining (ASX:GAL) is charging ahead with its Fraser Range Nickel Belt exploration program, set to kick off its maiden diamond drilling program in just days.

Superior Resources (ASX: SPQ) flagship asset is the Greenvale Project, which contains low CAPEX, potentially high return gold and copper resources in trucking distance to several potential toll treatment facilities.

The time is now for Galileo Mining (ASX:GAL) as it sets about drilling at the Fraser Range Project’s most advanced nickel targets.

Outstanding targets along strike from Legend Mining’s (ASX:LEG) Mawson discovery in the Fraser Range, Galileo Mining (ASX:GAL) doubles drilling program size that’s set to commence tomorrow.

Galileo Mining (ASX:GAL) was a standout performer on the ASX on Friday, gaining as much 65% during the session, when market lost more than 5% for the day. The reason?...

In the exploration game for an outsized, Nova style nickel discovery, and given the track record of its major shareholder and its geologist management team, this ASX junior has one of the best chances in the resurgent Fraser Range.