St. George Mining Ltd. · ASX:SGQ
St. George Mining — Conference Presentation (October 2014)
33 slides from St. George Mining's conference presentation, Oct 2, 2014
Slide 1: Pursuing an Emerging Nickel Province
‘Pursuing an Emerging Nickel Province’ For personal use only 2 October 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 3 Corporate Overview
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) 111,770,695 Listed Options (ASX: SGQO) 48,508,000 Market cap (@11c) $11m Top 20 58% Top 3 36% Management 15% Listed Shares includes 19,444,444 ordinary shares scheduled for issue on 3 October 2014 Listed Options (SGQO): E
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
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Slide 11: East Laverton Project Tenement Plan
475,000 575,000 600,000 2) Y s Ss Ss oe hw ct c 5 5 so se pgsceeeeererrerrer t= Stella Range 7 Fault Ems 2 |s e 3 s Ss 6 S 4 e rd S z —o g 3 Song é eA cox 2 2 e 3 s Ss Ss ra Pa a a a 5 é é East Laverton Project Tenement Plan STGEORGE MINING LIMITED Legend ‘Structural Interpretation [-] Active Teneme
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 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 metres 28
Slide 18: Similar to Agnew-Wiluna Belt
Similar to Agnew-Wiluna Belt For personal use only Key Feature of Agnew-Wiluna The reason the Agnew-Wiluna belt is so prospective for komatiite-hosted nickel sulphides is “the presence of exceptionally high fluxes of exceptionally hot komatiite magmas, forming long-lived high-level feeder condui
Slide 19: For personal use only
6,730,000 6,740,000 6,750,000 6,760,000 6,770,000 6,720,000 500,000 H 510,000 520,000 530,000 560,000 570,000 4) Ses TWA \ ® , \ q ‘ \ “ “a : i \ ' . ° , \ \ Cambridge North » h | EB . . ? Ni-Co resource N ‘ a 0.19Mt @ 0.60% Ni 0.03% Co i % s NiWest, 2001 ri lie | \ % me ) 7 As! i ay \ Xo \ ao _ SS
Slide 20: 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 21: High Impact Exploration
For personal use only High Impact Exploration 21
Slide 22: 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 Large Pipeline of Prospects Established Newexco continues to identify high quali
Slide 23: Stella Range Belt
Stella Range Belt For personal use only Fertile high MgO Ultramafics Disseminated nickel sulphides over 15 km strike length: 2 m @ 1.08% Ni from 55m (DDNRC02) 18 m @ 0.40% Ni from 100m (DRAC35) 2 m @ 0.62 % Ni from 132m (DRAC38) 2 mineralised nickel systems likely in this section of belt a
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 from 108m 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 Basal contact along strike and down plung
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 Desert Dragon North: fertile channel Fixed loop EM surveys used for flow with 2m @ 1.08%Ni f
Slide 27: VMS Prospect
VMS Prospect For personal use only VMS Potential Drilling in 2012 intersected up to 90m metal-rich sulphide units with Zn up to 4460ppm and Cu up to 1400ppm DDD011: 19.25m @ 0.35% Zn & 0.10% Cu in Dragon 2 conductor VMS mineralisation and massive nickel sulphides are genetically and spatially
Slide 28: VMS Exploration
VMS Exploration For personal use only High Value Drill Target Dragon 2 conductor (smaller conductor on west) tested by DDD011 Adjacent strong EM conductor (Dragon 3) yet to be tested Newexco on ground now, with extended EM survey indicating further EM anomalies Conductors are in a typical lo
Slide 29: 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 30: Leverage to Exploration Success
For personal use only Leverage to Exploration Success 30
Slide 31: 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 32: 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 33: 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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