St. George Mining Ltd. · ASX:SGQ
St. George Mining — Investor Presentation (January 2020)
23 slides from St. George Mining's investor presentation, Jan 31, 2020
Slide 1: High-Grade Nickel-Copper Sulphide Discovery: Commodities for our Future
High-Grade Nickel-Copper Sulphide Discovery: Commodities for our Future For personal use only ST GEORGE MINING LIMITED ACN 139 308 973 ASX: SGQ Investor Presentation – 31 January 2020
Slide 2: St George Mining Limited - Growth Nickel Company
St George Mining Limited Growth Nickel Company Our Vision: To create long term shareholder value For personal use only Our Strategy: To deliver a high-margin nickel mine in Western Australia Our Success: Standout discovery of nickel-copper-cobalt-PGEs at shallow depth in WA’s Goldfields Our Timing:
Slide 3: Primed to Deliver Value
Primed to Deliver Value High-grade discoveries in a great location For personal use only Mt Alexander – St George’s Flagship Nickel-Copper Sulphide Project Massive sulphide mineralisation discovered Growing nickel inventory - four high-grade 30m from surface and open at depth discoveries with new ta
Slide 4: Corporate Overview
Corporate Overview Listed on the ASX – code SGQ For personal use only Market Capitalisation Directors and Management – Listed Shares (30 Jan 2020) Vision and Experience for Success A$50m 412,611,265 John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and
Slide 5: Share Price Performance
Share Price Performance Highly leveraged to nickel price and newsflow SGQ 52-week price Nickel 52-week price For personal use only H: A$0.245 L: A$0.105 H: US$18,475/t L: US$11,630/t 24 Ni US$20,000/t $0.30 New discovery of massive Ni-Cu sulphides SGQ share price 20 $0.25 poised for potential increa
Slide 6: Nickel Market Dynamics
For personal use only Nickel Market Dynamics ASX: SGQ | St George Mining Limited 31 January 2020 6
Slide 7: Nickel Outlook
Nickel Outlook Acceleration of Market Growth 3,000 Market size doubled from 1995 to 2016 – For personal use only Nickel Production and Consumption • CAGR 5.8% over 1 million tonnes added – with rising demand from Chinese economic boom 2,500 Production (kt) CAGR 3.1% during Consumption (kt) 2000-15 C
Slide 8: Electric Vehicle Demand
Electric Vehicle Demand Reshaping the nickel market Traditional demand from stainless steel For personal use only continues to grow at circa. 4-5% p.a. Megatrend in EV and energy storage will see unprecedented demand for Class 1 nickel - i.e. 2,000 kt from sulphide and high quality HPAL plants E
Slide 9: EV Demand Growth
EV Demand Growth Tipping point for mass adoption is approaching For personal use only Carbon regulations are increasing In 2015 BHP – Australia’s largest nickel producer Battery costs are falling – sold no product to the battery sector. Today BHP sells 75% of production to battery manufacturers.
Slide 10: Nickel Price Outlook
Nickel Price Outlook The next boom is forming For personal use only $50,000 Ni Price 2018$/t $45,000 100-year Average Upturn $40,000 Downturn China • Price history shows Potential Boom Boom boom and bust cycles $35,000 Consensus Forecast Jan 2020 Nickel Price (2018 US$/t) $30,000 • EV is a major Inf
Slide 11: High-Grade Discovery at Mt Alexander
For personal use only High-Grade Discovery at Mt Alexander ASX: SGQ | St George Mining Limited 31 January 2020 11
Slide 12: Cathedrals Belt - Exceptional Discovery
Cathedrals Belt Exceptional Discovery For personal use only Mineralisation from shallow depths • Massive sulphide mineralisation 30m from surface • Intrusive system with potential for significant mineralisation at depth – geological setting similar to large North American mines like Raglan and Eagle
Slide 13: World Class Address
World Class Address Next to the majors’ backyard Established Nickel Mining Region For personal use only Tier 1 mining jurisdiction Western Australia Near major nickel operations, including BHP’s flagship nickel mines Adjacent to Agnew-Wiluna Belt, the most productive nickel belt in WA Foundation for
Slide 14: Large Project Area
Large Project Area +200 sq km tenement package with two proven fertile belts For personal use only Cathedrals Belt East-northeast oriented belt High-grade discoveries at Investigators, Stricklands, Cathedrals and Radar Other sections of the +16km belt are underexplored but highly prospective Potenti
Slide 15: Emerging Nickel Camp
Emerging Nickel Camp Four high-grade nickel-copper sulphide discoveries…. and counting For personal use only Shallow deposits discovered at Investigators, Stricklands, Cathedrals and Radar over a 5.5km strike length of the Cathedrals Belt – mineralisation remains open down-plunge EM surveys underway
Slide 16: Deeper Drilling Delivers
Deeper Drilling Delivers The system is ‘live’ down-plunge For personal use only Mineralised ultramafic of the Cathedrals Belt dips 30-40 degrees to the N-NW Initial drilling at depth (+250m) intersects thick ultramafic and nickel-copper sulphides More deep drilling and downhole EM surveys will test
Slide 17: Fish Hook Prospect
Fish Hook Prospect High priority EM targets Two new EM anomalies identified – one has a strike length +500m For personal use only Both are coincident with magnetic anomalies, supporting potential for mafic-ultramafics Proximal to large, high order nickel and copper soil anomaly, indicative of sulphi
Slide 18: 2020 Work Programmes
2020 Work Programmes Expanding known deposits and making new discoveries For personal use only Resource Definition: Resource drill-out of shallow deposits at Stricklands, Cathedrals and Investigators Deeper Drilling: Continue testing targets down-plunge of shallow deposits Test underneath extensive
Slide 19: Project Development
For personal use only Project Development ASX: SGQ | St George Mining Limited 31 January 2020 19
Slide 20: Advancing Towards a Mine
Advancing Towards a Mine Scoping study initiated Scoping study to assess a potential mining proposal for Mt For personal use only Alexander is underway: • Environmental studies have commenced • Additional consultants to be appointed soon Preliminary Metallurgical Testwork: High Recoveries from Ore:
Slide 21: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project Key project features support favourable project economics For personal use only which will be assessed by scoping/feasibility studies Shallow Mineralisation: The location and quality of the Mt Alexander Project presents: Low cost drilling Multiple pote
Slide 22: St George Mining Limited
St George Mining Limited For personal use only Creating shareholder value through the development of a high-grade nickel-copper sulphide project in the heart of Western Australia’s Goldfields. Photo: Diamond drilling at Mt Alexander for St George Mining by DDH1 Drilling ASX: SGQ | St George Mining L
Slide 23: Competent Person Statement
Competent Person Statement For personal use only The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Dave O’Neill, a Competent Person who is a Member of The Australasian Institute of Mining
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