St. George Mining Ltd. · ASX:SGQ
St. George Mining — Australian Nickel Conference 2018
26 slides from St. George Mining's conference presentation, Oct 23, 2018
Slide 1: Presentation – Australian Nickel Conference
ASX / MEDIA RELEASE 23 October 2018 For personal use only PRESENTATION – AUSTRALIAN NICKEL CONFERENCE St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) is participating in the Australian Nickel Conference in Perth today as a major sponsor. A copy of the Investor Presentation for the
Slide 2: Nickel-Copper Sulphide Discovery Continues to Grow
Nickel-Copper Sulphide Discovery For personal use only Continues to Grow Australian Nickel Conference 23 October 2018 ASX: SGQ
Slide 3: St George – Growth Nickel Stock
St George – Growth Nickel Stock Nickel-copper For personal use only sulphide discovery in WA Major Drilling to expand re-rating resource potential of St George Upswing in nickel price On right: Diamond drilling at Mt Alexander 2
Slide 4: St George – Corporate Overview
For personal use only St George – Corporate Overview 3
Slide 5: Market Profile and Capital Structure
Market Profile and Capital Structure For personal use only Listed shares (SGQ): 298,116,211 Share Ownership Listed options (SGQOB): 24,579,714 Top 10: 19% Top 20: 27% SGQOB - exercise price of 20c, expiring on 30 Sept 2020. Directors: 6% Market cap: A$39m (@12 per share) Cash: A$3.8m (at 30 Sept 201
Slide 6: Highly Qualified Team
Highly Qualified Team For personal use only Directors, Management and Consultants with a Track Record of Success John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking and legal sectors servicing the resources industry. Tim HRONSKY, Technical
Slide 7: The Discovery at Mt Alexander
For personal use only The Discovery at Mt Alexander 6
Slide 8: Mt Alexander Favourable Location
Mt Alexander Favourable Location For personal use only Three Projects in Western Australia: • Stable and reliable mining jurisdiction MT ALEXANDER DISCOVERY • Exceptional discovery in Western Australia • High-grade nickel-copper sulphides Favourable Location: • Located S-SW of world class nickel and
Slide 9: Exceptional Nickel-Copper Sulphide Discovery
Exceptional Nickel-Copper Sulphide Discovery For personal use only Cathedrals Belt Discovery at Shallow Depths: • Massive sulphide mineralisation 30m from surface • Deeper drilling is underway to scope continuity at depth High Grade and Polymetallic: • Nickel sulphide plus copper, cobalt and PGEs •
Slide 10: Large Mineral System
Large Mineral System • Investigators, Stricklands and Cathedrals Prospects are located within the 4.5km strike For personal use only of the Cathedrals Belt – each with increasing resource potential • Definition drilling underway to fully scope the scale of the discovery Above: Mt Alexander tenements
Slide 11: Drilling Success Continues
Drilling Success Continues Wide intersections of high-grade Ni-Cu-Co-PGEs For personal use only 2017 – some of the best intersections (with assays): MAD71 (Stricklands Prospect): 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m, including 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.0
Slide 12: Extensions of High-Grade Mineralisation
For personal use only Extensions of High-Grade Mineralisation 11
Slide 13: Investigators Prospect
Investigators Prospect Multiple high-grade hits over a 1,500m strike High powered SAMSON electromagnetic (EM) survey identifies large areas of EM conductivity For personal use only indicating potential for extensive sulphide mineralisation Mineralised ultramafic unit dips 30 degrees to the north
Slide 14: Plunge Increased by Latest Drilling
Plunge Increased by Latest Drilling Drilling and downhole EM surveys used concurrently to identify more high-grade mineralisation at depth For personal use only MAD60 Line (approx. 231225E) has down plunge strike of high- grade mineralisation to 320m DHEM in MAD119, a 150m step- out to the north
Slide 15: Stricklands Prospect
Stricklands Prospect +400m strike with wide intercepts For personal use only Multiple high-grade hits including drill hole MAD71: 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t PGEs from 37.45m, including the massive sulphide zones of: 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t PGEs from 39.3m;
Slide 16: Cathedrals Prospect
Cathedrals Prospect High grade mineralisation on two surfaces For personal use only Numerous intersections of nickel-copper sulphides on two surfaces – the Cathedrals ultramafic and the footwall fault below including MAD56: 7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m, includ
Slide 17: Metallurgical Testwork
Metallurgical Testwork High Recoveries from Ore: For personal use only • >99% recoveries of Ni and Cu to concentrates from preliminary testwork on massive sulphides Clean Concentrate: • No deleterious elements like MgO, talc or arsenic Standard Flotation: • Separate nickel and copper concentrates pr
Slide 18: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project For personal use only Shallow Mineralisation Existing Infrastructure Clean Concentrate Low cost drilling/ low Nearby processing High grade Ni and Cu cost potential mining plants plus cobalt and PGEs Well defined zones of Close to existing roads
Slide 19: Upside with Regional Exploration
For personal use only Upside with Regional Exploration 18
Slide 20: Mt Alexander Belt
Mt Alexander Belt Underexplored belt with proven massive nickel sulphides For personal use only Mt Alexander Belt is north-northwest trending with a strike of 7km Historical drilling has intersected widespread nickel sulphides including massive sulphides Prior drilling completed mostly as wide
Slide 21: Northern Areas
Northern Areas Newly recognised magnetic trends, never explored For personal use only New high resolution magnetic data for the northern tenements – E29/548 and E29/954 – has recognised east-northeast structures parallel to the Cathedrals Belt These structures may represent ultramafic sequences
Slide 22: Nickel Market Dynamics are Changing
For personal use only Nickel Market Dynamics are Changing 21
Slide 23: EV Demand Surges
EV Demand Surges Demand Rises on Electric Vehicle Revolution: For personal use only • 1Mt deficit in nickel by 2025 • price pressure building On right: Forecast nickel deficit (McKinsey Basic Materials Institute) UBS, Miner’s Price Review, June 2018: “EV battery demand is emerging faster than expect
Slide 24: Nickel Price to Outperform
Nickel Price to Outperform UBS, Miner’s Price Review, June 2018: For personal use only Best Commodities on Risk/Return ? “Nickel is our preferred play on a >12 month view.” Commodity Units Current Price LT Forecast ‘Upside’ LT v. Current Cobalt US$/t 62,750 43,200 (32%) Copper US$/t 5,972 7,280 22%
Slide 25: St George Mining: creating shareholder wealth through exploration success
St George Mining: creating shareholder wealth through exploration success For personal use only Above: diamond drill rig at Stricklands, Cathedrals Belt. Right: Drill core from MAD108. 24
Slide 26: Disclaimer
DISCLAIMER: Certain statements contained in this presentation, including information as to the future financial or operating performance of St George Mining Limited (ASX:SGQ) and its projects, are forward looking statements: -may include, among other things, statements regarding targets, estimates a