St. George Mining Ltd. · ASX:SGQ
St. George Mining — 121 Mining Investment Conference Hong Kong 2015
35 slides from St. George Mining's conference presentation, Oct 14, 2015
Slide 1: ASX Media Release: 121 Mining Investment Conference Hong Kong
ASX / MEDIA RELEASE 14 October 2015 For personal use only 121 MINING INVESTMENT CONFERENCE HONG KONG St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) will be presenting today at the 121 Mining Investment Conference in Hong Kong. A copy of the Investor Presentation for this Conferen
Slide 2: Western Australia's Next Big Nickel Story
‘Western Australia’s Next Big For personal use only Nickel Story’ 14 October 2015 121 Mining Investment Hong Kong
Slide 3: Why Invest in St George Mining?
Why Invest in St George Mining ? For personal use only Underexplored Projects • Three projects with very strong technical merit • Potential to host several nickel sulphide deposits Near Term Value Drivers • Drilling of multiple targets in Oct/Nov 2015 • Quality targets de-risked by systematic explor
Slide 4: Corporate Overview
For personal use only Corporate Overview 3
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only Board - Skills to deliver exploration success and company growth John PRINEAS, Chairman - Founding shareholder and chairman of St George Mining. Over 25 years experience in the banking and legal sectors, including the head of a financial institution in Austra
Slide 6: Highly Qualified Technical Team
Highly Qualified Technical Team For personal use only Successful Track Record in Nickel Sulphide Discovery Newexco - Leading geophysical consultants in nickel sulphide exploration. Advisers on Nova- Bollinger deposit for Sirius Resources NL (ASX: SIR) and the Spotted Quoll and Flying Fox deposits fo
Slide 7: Capital Structure
Capital Structure For personal use only Share Capital Listed Shares (ASX: SGQ) 137,395,226 Listed Options (ASX: SGQOA) 20,857,178 Market cap (@8c) $10.9m Top 20 43% Top 3 22% Management 8% Listed Options (SGQO): Exercise price of 20 cents, expiring on 30 June 2017. Unlisted Options: 1,000,000 option
Slide 8: Nickel Market: The Right Time to Invest
For personal use only Nickel Market: The Right Time to Invest 7
Slide 9: Price Cycle Positioned for Upswing
Price Cycle Positioned for Upswing For personal use only Nickel market is smaller and more illiquid than others with much higher volatility Recently that volatility has resulted in downward motion; that won’t necessarily be the case moving forward Nickel price will enjoy a strong recovery in t
Slide 10: Nickel Price – The Drivers
Nickel Price – The Drivers For personal use only Demand: • consumption of nickel is steadily rising • in China, the 2015 year on year increase of nickel consumption for stainless steel was 8% 9
Slide 11: Supply Side is Weak
Supply Side is Weak For personal use only Supply: • the Indonesian ban on exports is continuing • existing nickel sulphide mines have decreasing resources • stockpiles and LME inventories falling Source: Norilsk Nickel IH 2015 Financial Results 10
Slide 12: The Value in Exploration
For personal use only The Value in Exploration 11
Slide 13: Nickel Discoveries are Rare
Nickel Discoveries are Rare For personal use only New Discoveries are Richly Rewarded Most major WA discoveries early 1970’s Declining resources and high cost mines Nova and Venus are the only recent major NiS discoveries Laterites are no substitute for high grade NiS Exploration gives maxim
Slide 14: Discovery: History of Value Creation
Discovery: History of Value Creation For personal use only Nickel explorers can create remarkable shareholder wealth Western Areas (ASX: WSA) – market cap at IPO of $7.4m, now $1 billion Jubilee Mines – market cap of $20m at discovery, taken over for $3.1 billion Sirius Resources – market cap of $8m
Slide 15: Nickel Sulphide Projects in WA
For personal use only Nickel Sulphide Projects in WA 14
Slide 16: St George has 100% ownership of three nickel sulphide projects
St George has 100% ownership of three nickel sulphide projects Strategically important locations in WA Underexplored areas where major discoveries are still possible For personal use only 15
Slide 17: Nickel Project Location Plan
D 1 | ST GEORGE MINING LIMITED ry Mt Keith Honeymoon Wel! \\, Yakabindie @ Nickel Mine © Nickel Deposit A Nickel Project (2) Nickel Closed Mine 30° Granites | Amphibolite-facies Metamorphics Mafic Volcanics — | Sedimentary Rocks SS Hawaii STGEORGE MINING LIMITED -28° - Sinclair eA Legend Felsic Volc
Slide 18: East Laverton Property: An Emerging Nickel Camp
For personal use only East Laverton Property: An Emerging Nickel Camp 17
Slide 19: Dominant landholding of +2,000sq km
Dominant landholding of +2,000sq km with 3 major ultramafic belts Large pipeline of nickel sulphide prospects For personal use only 18
Slide 20: Favourable Structural Setting
Favourable Structural Setting For personal use only Fundamental Fault System Large nickel deposits form near the intersections of fundamental fault structures Major rift parallel faults cross-cut by deep transform faults at East Laverton Similar features at East Laverton to major nickel camps
Slide 21: Successful Exploration: Snapshot
Successful Exploration: Snapshot For personal use only Favourable Geology Confirmed by Drilling Extensive strike of ultramafic with high MgO ultramafic sequences Abundant local source of sulphur essential for nickel sulphide formation Nickel Sulphides Discovered Multiple intersections of d
Slide 22: Priority Exploration Area
For personal use only Priority Exploration Area 18km section on the Stella Range belt Large scale nickel prospectivity recognised by BHP Billiton farm- in (now concluded) Nickel sulphides discovered in first ever nickel-focused drilling by BHP in 2012; 35 RC holes at 7 targets for 8,560m of dr
Slide 23: Desert Dragon North
Desert Dragon North 2m @ 1.08% Ni from 55m in discovery hole DDNRC002 Nickel sulphide stringers remobilised from a local source For personal use only Off-hole DHEM conductor from DDNDD0001 recommended by Newexco as a ‘compelling target’ for massive nickel sulphides 22
Slide 24: Desert Dragon Central
Desert Dragon For personal use only Central Successful Results: 18m @ 0.40% Ni from 100m incl. 4m @ 0.57%Ni from 100m in discovery hole DRAC35 Drilling has confirmed a wide continuous nickel sulphide zone Untested EM conductors in prominent fold of the Stella Range Belt Untested DHEM conduct
Slide 25: DRAC35 Section at Desert Dragon Central
DRAC35 Section at Desert Dragon Central: Multiple intersections of disseminated nickel sulphides and PGEs potentially the halo to massive nickel sulphides new DHEM conductors from DDRDD0004 and For personal use only DDRDD0005 (extremely strong 61,000 Siemens) to be drilled in October 2015 24
Slide 26: Windsor
Windsor For personal use only Successful Results: 30m @ 0.31% Ni from 108m incl. 8m @ 0.44%Ni from 130m and 2m @ 0.62%Ni from 132m in discovery hole DRAC38 6 holes completed in 2014 with an outstanding hit rate: All 6 holes intersected the prospective ultramafic 5 holes intersected nickel su
Slide 27: Windsor - High Value Target
For personal use only Windsor - High Value Target Multiple nickel sulphides in limited drilling over 200m +2km of basal contact still to be tested 4,000m of drilling in October 2015 will test the highly prospective basal contact 26
Slide 28: More Successful Results - Growing portfolio of targets
More Successful Results - Growing portfolio of targets For personal use only Cambridge Bristol Large dunite body (4km x 2km) Large komatiite ultramafic unit on with magmatic sulphides/PGEs Central Belt intersected by confirmed by drilling Churchill Lineament Similarities to Perseverance Magm
Slide 29: New Projects: Hawaii and Mt Alexander North
For personal use only New Projects: Hawaii and Mt Alexander North 28
Slide 30: World Class Address
For personal use only World Class Address Close to major nickel and gold deposits on world class Agnew-Wiluna belt Located on Ida Fault/Mt Goode Rift, potentially the same structure that hosts Cosmos (+500,000 t Ni) Underexplored area with huge exploration upside Low cost acquisition from BH
Slide 31: Hawaii
For personal use only Hawaii Only shallow aircore drilling completed to date +5.5km of moderate to high MgO ultramafic identified Bedrock and strong magnetic targets remain to be tested Deep RC drilling by St George to start in October 2015 Potential for massive nickel sulphides and high g
Slide 32: Mt Alexander North
For personal use only Mt Alexander North Adjacent to high grade Ni-Cu massive sulphide discovery at Cathedrals (3rd party owned) with 4m @ 4.9%Ni, 1.7%Cu and 3.9g/t total PGEs from 91.4m Review underway of targets on St George tenement Deep RC drilling by St George planned in 2016 Exposure t
Slide 33: High Impact Exploration
For personal use only High Impact Exploration 32
Slide 34: Discovery Focused Drilling
Discovery Focused Drilling For personal use only +7,000m RC drilling programme started on 5 October 2015 Testing powerful EM conductors at Desert Dragon Drilling the basal contact at Windsor with down-hole EM surveys to be used concurrently First ever deep drilling at Hawaii to test the bedr
Slide 35: Disclaimer
DISCLAIMER: For personal use only 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 regardin
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