St. George Mining Ltd. · ASX:SGQ
St. George Mining — Investor Presentation (September 2014)
34 slides from St. George Mining's investor presentation, Sep 10, 2014
Slide 1: 2014 Nickel Sulphide Drilling Campaign: High Impact Drilling Recommences
‘2014 Nickel Sulphide Drilling Campaign: High Impact Drilling Recommences’ For personal use only 10 September 2014
Slide 2: Strong Platform for Discovery
Strong Platform for Discovery For personal use only Advanced • High impact drilling of multiple Exploration Project nickel sulphide targets Exploration Model • Potential recognised by major Focused on Large company interest Discoveries Tight Capital • High leverage for shareholders Structure to dril
Slide 3: Corporate Overview
For personal use only Corporate Overview 3
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Board ‐ Skills to deliver exploration success and company growth John PRINEAS – Chairman with over 25 years experience in the banking and legal sectors, including the head of a financial institution in Australia, with a focus on financing and corporate advice
Slide 5: Highly Qualified Technical Team
Highly Qualified Technical Team For personal use only Technical Team – 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 Flyin
Slide 6: Capital Structure
Capital Structure For personal use only Share Capital Listed Shares (ASX: SGQ) 92,326,251 Listed Options (ASX: SGQO) 48,508,000 Market cap (@12c) $11m Top 20 55% Top 3 36% Management 18% Listed Options (SGQO): Exercise price of 20 cents, expiring on 28 November 2014. Unlisted Options: 750,000 option
Slide 7: East Laverton Property: An Emerging Nickel Field
For personal use only East Laverton Property: An Emerging Nickel Field 7
Slide 8: A Rare and Significant Nickel Project
A Rare and Significant Nickel Project For personal use only Frontier Location 2,000 sq. km contiguous and dominant landholding Under‐explored Geological setting favours nickel sulphide discoveries No native title – no nature reserves Safe jurisdiction ‐ WA 8
Slide 9: Highly Prospective for Nickel Sulphides
Highly Prospective for Nickel Sulphides For personal use only Major Nickel Potential 3 extensive ultramafic belts (total strike length +130km) An emerging nickel province Prospectivity recognised by BHP Billiton Nickel West farm‐ in (now concluded) High MgO komatiites confirmed by drilling 9
Slide 10: For personal use only
= @ 22° Camelwood t Bit 120° i a ey N\ Honeymoon Wel ST GEORGE MINING LIMITED -28° tevenon | STGEORGE ES Legend MINING LIMITED d fe * @ Nickel Mine @ Nickel Deposit 4 Nickel Project Emerging A Nickel Project , Nickel @ Nickel Closed Mine «| Province ‘ -30° = Towns Mulga Tank y — Roads A Hi <> Lakes
Slide 11: East Laverton Project Tenement Plan
475,000 525,000 550,000 575,000 a =} Ss 6,775,000 8 6,775,000 o 39/1549 6,750,600 . : e io 6,750,000 7 gs 3 «ee 5 wo wo N N R 5 o o + g East Laverton Project AY w ‘Oh Tenement Plan STGEORGE : MINING LIMITED Legend oN Structural Interpretation [Active Tenements == Interpreted Fault Zones [| Lake Syst
Slide 12: Nickel Market: Macro Factors Improving
For personal use only Nickel Market: Macro Factors Improving 12
Slide 13: Market Cycle in Upward Turn
Market Cycle in Upward Turn For personal use only Key market drivers: Indonesia (28% of world nickel) bans export of unprocessed ore in 2014 Russia/Ukraine (10% of world nickel) political issues cast doubts on supply Philippines (10% world nickel) proposing to ban export of unprocessed ore G
Slide 14: Nickel Price Surges: +30% YTD
Nickel Price Surges: +30% YTD For personal use only “Nickel prices are soaring amid growing concern about the availability of supply from Indonesia and Russia, the top two producers of the metal. The price of the industrial metal, which is used to make steel stronger and more resistant to corrosion
Slide 15: Nickel Discovery – It's Time
Nickel Discovery – It’s Time For personal use only NiS Discoveries are Rare Most major discoveries were circa. early 1970’s Existing NiS mines are mature with declining resources A major discovery sets off a ‘nickel boom’ Big discoveries more likely in frontier locations e.g. Nova 15
Slide 16: Nickel at East Laverton
For personal use only Nickel at East Laverton 16
Slide 17: Nickel Potential Confirmed in 2012
Nickel Potential Confirmed in 2012 For personal use only Nickel Sulphides Already Discovered Two holes intersected disseminated nickel sulphides on Stella Range belt Multiple occurrences of magmatic and PGE sulphides on all 3 belts Extensive Reconnaissance Drilling: 35 RC holes for 8,560 met
Slide 18: Nickel Sulphide Prospects map
500,000 510,000 520,000 530,000 540,000 550,000 560,000 570,000 ° 1 i 1 1 °o i=J o Q 2 o i=3 led Ld Nn Nn o o Ni-Co resource 2 0.19Mt @ 0.60% Ni 2 S 0.03% Co 3 oI NiWest, 2001 3 = i o o _ o o o " o 2 CAMRCOO! 2 £ 160m @ 0.25% Ni red o oh o iti uy t ON a ) iG am brid = | Desert Dragon North at rer 8
Slide 19: 100% St George
100% St George For personal use only St George has 100% ownership of all nickel rights at East Laverton Previous farm‐in arrangement with BHP Billiton Nickel West Generated 7 nickel sulphide targets All nickel sulphide targets and $3m data‐set now owned and controlled 100% by St George as from
Slide 20: High Impact Exploration
For personal use only High Impact Exploration 20
Slide 21: Systematic Exploration
Systematic Exploration For personal use only Comprehensive Ground Electromagnetic Survey Large, regional MLEM survey; 80km coverage on Stella Range belt so far Modern, powerful EM techniques to 'see through’ cover Newexco continues to identify high quality EM conductors Targeted Drilling Dri
Slide 22: Stella Range Belt
Stella Range Belt For personal use only Fertile high MgO Ultramafics Disseminated nickel sulphides discovered in 3 holes over 15 km strike length • 2 m @ 1.08% Ni (DDNRC02) • 18 m @ 0.40% Ni (DRAC35) • 2 m @ 0.62 % Ni (DRAC38) Likely to represent at least 2 mineralised nickel systems in this sec
Slide 23: Desert Dragon North
Desert Dragon North For personal use only Dome Structure Granite dome structure similar to Kambalda Dome 3‐D inversion modelling underway to assist with drill targets at basal contact Fertile channel flow with nickel intersection: 2m @ 1.08% Ni (DDNRC02) Very limited drilling of basal contac
Slide 24: Desert Dragon South
Desert Dragon South For personal use only Optimal Cross Structure Intersection of ultramafic belt with cross‐rift structure Favourable setting for nickel sulphide formation On strike from channel flow intersected at DRAC35: 18m @ 0.41% Ni Large, strong EM response remains untested Strong g
Slide 25: Windsor
Windsor For personal use only High Tenor Nickel Sulphides DRAC38: 30m @ 0.31% Ni incl. 6m @ 0.48% Ni , 2m @ 0.62% Ni Pentlandite – high tenor NiS confirmed by petrography Unexplored high MgO komatiite channel Very limited drilling to date 25
Slide 26: Pipeline of Nickel Prospects
Pipeline of Nickel Prospects For personal use only More Prospects Multiple EM Conductors Cambridge North: high MgO Regional MLEM survey identifies ultramafic with Ni‐Cu GSWA anomaly multiple EM anomalies Athena: very thick high‐MgO Category 1 targets prioritised for ultramafic (+250m) drilling B
Slide 27: VMS Prospect
VMS Prospect For personal use only VMS Potential Potential initially recognised in drilling by BHP Nickel West Intersected up to 90m metal‐rich sulphide units with Zn up to 4460ppm and Cu up to 1400ppm VMS mineralisation and massive nickel sulphides are genetically and spatially associated Z
Slide 28: VMS Exploration
VMS Exploration For personal use only High Value Drill Target DDD011 intersects banded Zn‐Cu sulphide mineralisation (19.25m @ 0.35% Zn & 0.10% Cu) in Dragon 2 conductor Adjacent strong EM conductor (Dragon 3) yet to be tested Conductors are in a typical location for a VMS deposit ‐ off‐ set f
Slide 29: Gold Prospect
Gold Prospect For personal use only Attractive Gold Address Bounded by 3 major goldfields with landmark deposits: • Tropicana (+7MozAu) • Sunrise Dam (+10MozAu) • Gruyere (+3.8MozAu) Important gold structures in place – 3 NW shears cross‐cut by interpreted fault system DDD010 intersects primar
Slide 30: Phase of 2014 Drilling Campaign
Phase 2 of 2014 Drilling Campaign For personal use only Phase 2 of the 2014 drilling campaign starts in Oct 2014 Drilling of EM conductors Follow‐up drilling of nickel and VMS intersections Drilling and EM surveys to be used concurrently Multiple targets increases discovery potential +4,00
Slide 31: Leverage to Exploration Success
For personal use only Leverage to Exploration Success 31
Slide 32: Rising Valuation
Rising Valuation For personal use only Share price highly leveraged to exploration success Systematic • Low market cap exploration using • Tight share register modern techniques Unique regional • Strong technical team exploration play • Creating exploration • Emerging nickel field upside • Dominant
Slide 33: Nickel Discovery: History of Booms
Nickel Discovery: History of Booms For personal use only Nickel explorers gain remarkable share price increases on the back of exploration success Western Areas (ASX: WSA) – market cap at IPO of $7.4m, now $1.2 billion Jubilee Mines – market cap of $20m at discovery, taken over for $3.1 billion Siri
Slide 34: 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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