St. George Mining Ltd. · ASX:SGQ
St. George Mining — Mining Capital Conference 2017
26 slides from St. George Mining's conference presentation, Mar 30, 2017
Slide 1: Nickel Sulphide and Gold Explorer - Exceptional Growth Opportunity
‘Nickel Sulphide and Gold Explorer - Exceptional Growth Opportunity’ 30 March 2017 Mining Capital Conference
Slide 2: 2016 Drilling Success
2016 Drilling Success High Grade Ni-Cu-PGE Discovery at Mt Alexander St George acquires Mt Alexander Project from BHP Billiton in January 2016 St George identifies 15 electromagnetic (EM) conductors prospective for massive sulphides Drilling by St George intersects nickel-copper- PGE mineralis
Slide 3: 2017 – Positioned for Greater Success
2017 – Positioned for Greater Success Increasing Shareholder Value Major Drill Programme 19 drill holes planned in Phase 1 of the 2017 drill programme Testing new EM conductors and geological targets as well as commencing extensional drilling of known mineralised zones to establish a resource ba
Slide 4: Overview of St George Mining
Overview of St George Mining High Quality Explorer ASX listed: SGQ • Based in Perth, Western Australia Multiple exploration projects • Nickel sulphide and gold • Dominant landholdings in strategically important districts but underexplored • Projects with potential for discovery of world class deposi
Slide 5: Corporate Snapshot
Corporate Snapshot Strong shareholder base and market support Listed shares (SGQ): 250,359,725 Share Ownership Listed options (SGQOA): 47,354,622 Top 10: 21% Top 20: 30% SGQOA - exercise price of 20c, expiring on 30 June 2017. Directors: 6% Market cap: $36m (@14.5c per share) Broad Shareholder Base:
Slide 6: Highly Qualified Team
Highly Qualified Team Track Record of Exploration Success Directors, Management Consultants John PRINEAS, Executive Chairman – founding Newexco - Leading geophysical consultants in nickel shareholder with over 25 years experience in banking sulphide exploration. Advisers on Nova-Bollinger deposit an
Slide 7: Mt Alexander
Mt Alexander Strategic Location Favourable Region South-west of world class nickel sulphide mines on the Agnew- Wiluna belt, with existing road access and infrastructure (Right: regional location map set over TMI magnetics) Underexplored Project Massive Ni-Cu sulphides first discovered by BHP Billit
Slide 8: Mt Alexander
Mt Alexander Pipeline of Targets Cathedrals Belt • Exploration focused on the Cathedrals Belt where high grade Ni-Cu sulphides discovered over 3.5km • Discoveries at Cathedrals Prospect, Stricklands Prospect and Investigators Prospect • New aeromagnetic survey identifies parallel structures for expl
Slide 9: Cathedrals Belt
Cathedrals Belt Unique Geological Setting • East-northeast belt with mineralised ultramafics, not north-northwest orientation which is typical in Yilgarn • Massive sulphides from 30m below surface and continue at depth • Reliable EM Targeting - no false positive EM anomalies to date Left: a plan vie
Slide 10: High Grade Mineralisation
High Grade Mineralisation Sample of Significant Intersections Cathedrals Prospect: MAD12: 3.95m @ 5.05%Ni, 1.55%Cu, 0.11%Co and 4.44g/t total PGEs from 91.4m with a thick halo of stringer and disseminated sulphide mineralisation of 9.25m @ 0.76%Ni, 0.34%Cu, 0.03%Co and 0.93g/t total PGEs from 81.5m
Slide 11: Primary Magmatic Channels
Primary Magmatic Channels Favourable Geology at Cathedrals Belt • Mineralisation discovered at the three prospects in the Cathedrals Belt is interpreted to be hosted in primary magmatic komatiite channels • Massive sulphides formed in embayments of the basal contact of these pathways, typical of mag
Slide 12: A Rare Discovery
A Rare Discovery Similarities to World Class Raglan Deposits Cathedrals mineral system has important similarities to the Raglan Ni-Cu deposits in Canada (over 1 million tonnes of contained nickel): • High MgO basalt associated system with elevated Cu and PGE • Distribution of mineralisation in embay
Slide 13: Exploration Targeting
Exploration Targeting Geological Modelling • Massive sulphides at Cathedrals appear to be associated with localised embayments in the basal contact, like at Raglan • Infill and extensional drilling will further test this model • Knowledge from the Raglan deposits will aid exploration in the Cathedra
Slide 14: Metallurgical Testwork
Metallurgical Testwork High Value Concentrate Positive Results from Initial Test Preliminary metallurgical testwork on a sample of massive nickel-copper sulphide indicates that Mt Alexander will produce a high value saleable concentrate that will be sought after High Recoveries from Ore >99% recover
Slide 15: Project Value
Project Value Favourable Economics Shallow depth of mineralisation; low cost mining High grades of Ni and Cu with strong credits for Co and PGEs Excellent metallurgy - high quality, smelter-friendly concentrate Proximity to existing processing plants Near existing infrastructure (e.g. roads; po
Slide 16: Near Term Value Drivers
Near Term Value Drivers 2017 Exploration Programme Underway 19 drill holes planned in Phase 1 of the 2017 drilling programme – more drilling to follow Outstanding potential for further high grade discoveries New EM targets and extensional drilling designed to assess the continuity of mineralisati
Slide 17: Phase 1 of 2017 Drill Programme
Phase 1 of 2017 Drill Programme New EM Conductors at Investigators Large target area over 600m in strike New conductors are along strike or down dip to known mineralisation Testing both downhole EM targets and new deeper SAMSON EM conductors New SAMSON conductors: • Anomaly 6 (9,712 Siemens
Slide 18: Stricklands Prospect
Stricklands Prospect Large SAMSON EM Anomaly Large SAMSON EM anomaly over 170m strike Only 5 drill holes to date at Stricklands with all intersecting massive Ni-Cu sulphides Testing strong downhole EM (DHEM) responses within the large SAMSON EM anomaly: • MAD20 P2 (7,000 S at 100m depth) • MAD
Slide 19: Cathedrals Prospect
Cathedrals Prospect Extension Targets Large SAMSON EM anomaly over 200m strike Testing strong downhole EM (DHEM) responses within the large SAMSON EM anomaly: • MAD10/MAD13 (21,310 S at 54m depth) • MAD12/MAD11 (7,000 S at 78m depth) • MARC49 (39,000 S at 51m depth) • MARC53/MAD19 (5,000 S and 1
Slide 20: Nickel – Reversal of Long Term Trend
Nickel – Reversal of Long Term Trend The Producer /Trading House says: Glencore, February 2017: “The market entered its first material deficit since 2010 enabling global inventories to fall. The outlook is for continued deficits and further draws in primary nickel inventories as demand remains stron
Slide 21: Nickel – Time to Take a Position
Nickel – Time to Take a Position 21
Slide 22: New Areas of Demand
New Areas of Demand A Lithium Driven Boom for Nickel ? Elon Musk, CEO of Tesla on lithium-ion batteries: “….lithium is 2% of the cell mass of our batteries……….. really, our batteries should be called nickel graphite batteries as they are mostly nickel and graphite ….” 22
Slide 23: Gold Exploration
Gold Exploration East Laverton Project Important Regional Location Near the two most recent world class gold discoveries in WA – Tropicana +8MozAu and Gruyere +6MozAu Underexplored for Gold Shallow drilling has identified widespread anomalous gold confirming prospectivity Favourable Structural Featu
Slide 24: Gold Drill Programme
Gold Drill Programme High Priority Targets • 2017 drill programme will test our best gold targets • Gravity survey has identified thick greenstone belts and structures controlling mineralisation, supporting the prospectivity for gold deposits at East Laverton Left: the East Laverton tenements agains
Slide 25: Disclaimer: Competent Person Statement
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
Slide 26: St George Mining: creating shareholder wealth through exploration success
St George Mining: creating shareholder wealth through exploration success 26