St. George Mining Ltd. · ASX:SGQ
St. George Mining — RIU Resources Conference 2019
29 slides from St. George Mining's conference presentation, May 7, 2019
Slide 1: ASX / Media Release: Presentation – RIU Resources Conference
ASX / MEDIA RELEASE 7 May 2019 For personal use only PRESENTATION – RIU RESOURCES CONFERENCE St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) is participating in the RIU Resources Conference which commences today in Sydney. A copy of the Investor Presentation for the Conference, wh
Slide 2: Building a High-Grade Nickel Sulphide Mineral Resource in Western Australia
Building a High-Grade Nickel Sulphide Mineral Resource For personal use only in Western Australia RIU Resources Sydney 7, 8 and 9 May 2019 ASX: SGQ
Slide 3: Growth Nickel Stock
Growth Nickel Stock Creating Shareholder Value through Exploration Success Growth Focused Nickel Sulphide Explorer/Developer: For personal use only Outstanding discovery of high-grade nickel-copper-cobalt-PGEs at Mt Alexander Drilling continues to expand the footprint of mineralisation Located
Slide 4: Nickel Market Outlook
Nickel Market Outlook Nickel is Essential to the EV and Battery Revolution For personal use only Compelling Scenario for Sustainable Price Increases: Demand for battery grade nickel forecast to increase up to 10x over next 10 years Stockpiles falling rapidly; deficits increasing Incentive pric
Slide 5: Corporate Overview
Corporate Overview St George Mining is listed on the ASX For personal use only St George Mining Ltd SGQ Directors and Management with a Track Record of Success Listed Shares 298,116,211 John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking a
Slide 6: Nickel Market Dynamics
For personal use only Nickel Market Dynamics ASX: SGQ | St George Mining Limited RIU Resources Sydney May 2019 5
Slide 7: A Small Number of Global Players
A Small Number of Global Players Global production overview Australia is a major global producer of high- For personal use only • grade nickel sulphide for several decades 2018 - Global Nickel Sulphide Mine Production • Global production is falling Total 741,000 tonnes • Nickel sulphide is Class 1 n
Slide 8: Electric Revolution
Electric Revolution Investment Thematic For personal use only “One of the most important global trends over the next decade and beyond will be the electrification of mobility, which will have massive ramifications for autos, batteries and the entire upstream battery supply chain.” “We see the miners
Slide 9: Supply Challenge
Supply Challenge More New Projects Required For personal use only 150 Nickel faces the biggest supply 100 challenge of all battery metals: Percentage of deficit • Lagging supply response is 50 relative to market size generating significant market 0 deficits -50 1.0% 1.7% • LME & SHFE stocks have fal
Slide 10: Electric Vehicle Demand
Electric Vehicle Demand Big Impact on Nickel Demand For personal use only Left: Nickel demand from EV will far exceed nickel production from existing operations in any scenario of EV adoption Nickel Demand for the Battery Market Source: Wood Mackenzie, Bernstein analysis Source: Vale Above: Traditio
Slide 11: Nickel Price Outlook
Nickel Price Outlook The Next Nickel Boom is Forming $50,000 For personal use only Nickel price history shows strong $45,000 2018$/t Consensus forecast upswings such as in 1988 and 2006 appear shy compare to Nickel Price (2018 US$/t) $40,000 100-year Average Potential Boom historical price spikes $3
Slide 12: High-Grade Discovery at Mt Alexander
For personal use only High-Grade Discovery at Mt Alexander ASX: SGQ | St George Mining Limited RIU Resources Sydney May 2019 11
Slide 13: World Class Address
World Class Address Next to the Majors’ backyard For personal use only Mt Alexander – St George’s Flagship Nickel-Copper Sulphide Project • Highly prospective and strategic tenement holding next to Tier 1 assets • Located S-SW of world class nickel and gold mines of the Agnew-Wiluna Belt • Close to
Slide 14: Large Mineral System
Large Mineral System Discovery continues to grow 200 km2 tenement package: For personal use only • Multiple discoveries and targets already over a small fraction of the exploration ground • Potential to establish a nickel camp with several deposits Cathedrals Belt (east-northeast oriented belt): • H
Slide 15: Exceptional Discovery
Exceptional Discovery Favourable Geological Features • Cathedrals Belt Discovery at Shallow Depths: For personal use only Massive sulphide mineralisation 30m from surface Intrusive system with potential for significant mineralisation at depth • High Grade and Polymetallic: Nickel sulphide plus
Slide 16: Grade is King
Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs For personal use only From Width Ni Cu Co PGE Prospect Hole m m % % % g/t MAD71 37.5 17.45 3.0 1.3 0.13 1.68 Stricklands including 39.3 5.30 4.4 1.5 0.21 2.09 and 50.6 2.02 5.1 2.0 0.21 3.31 MAD56 57.8 7.50 3.9 1.7 0.12 3.32 Cathedrals inc
Slide 17: 2019 Exploration and Drilling Programmes
For personal use only 2019 Exploration and Drilling Programmes ASX: SGQ | St George Mining Limited RIU Resources Sydney May 2019 16
Slide 18: Cathedrals Belt
Cathedrals Belt Unlocking a Major Mineralised System • High-grade nickel-copper sulphides discovered over an east-west strike of 4.5km For personal use only • Interpreted east-west strike of up to 15km with large unexplored areas • Sustained drilling continues to define and extend the footprint of m
Slide 19: Investigators Prospect
Investigators Prospect Large scale emerging Nickel-copper sulphide mineralisation discovered over an east-west strike of 1.5 km, within a large For personal use only • area of EM conductivity identified by a high powered SAMSON electromagnetic (EM) survey • Mineralised ultramafic unit dips 30 degree
Slide 20: Down Plunge Increased
Down Plunge Increased More high-grade mineralisation at depth MAD60 Line (approx. 231225E) high-grade mineralisation starts at less For personal use only • than 30m below surface and has a plunge strike of 380m • Deep drilling and powerful EM surveys will continue to test down-plunge extensions • Ve
Slide 21: 2019 Extension Drilling
2019 Extension Drilling Drilling success continues Latest RC drilling has confirmed continuity of the mineralised trend between Investigators and For personal use only • Stricklands Prospects – a new 500m strike of nickel-copper sulphide mineralisation • New DHEM conductors identified for drilling •
Slide 22: Fairbridge Prospect
Fairbridge Prospect Drilling confirms continuity at new prospect • All drill holes completed at Fairbridge have intersected the mineralised Cathedrals structure For personal use only • DHEM surveys at Fairbridge and north-west of Cathedrals identify off-hole EM conductors – potential Ni- Cu sulphide
Slide 23: Mt Alexander Belt
Mt Alexander Belt Underexplored fertile belt For personal use only • Mt Alexander Belt is north-northwest trending with a strike of 7km • Historical drilling by BHP has intersected widespread nickel sulphides including massive sulphides • The priority area on the Mt Alexander Belt is the Sultans Pro
Slide 24: Project Development
For personal use only Project Development ASX: SGQ | St George Mining Limited RIU Resources Sydney May 2019 23
Slide 25: Metallurgical Testwork
Metallurgical Testwork High Recoveries from Ore: For personal use only • >99% recoveries of Ni and Cu to bulk concentrates • Separate nickel and copper concentrates produced by standard flotation process with 89% and 86% recoveries respectively (on right: copper being floated in test completed by St
Slide 26: 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 The location and quality of the Mt Alexander Shallow Mineralisation: Project presents: • Low cost drilling/low cost pote
Slide 27: 2019 – Growth Initiatives
2019 – Growth Initiatives Building a Resource Inventory For personal use only Resource Definition: • Continue extensional and infill drilling to support delineation of a resource estimate Regional Exploration: • Accelerate exploration of unexplored and underexplored areas to deliver more discoveries
Slide 28: St George Mining Limited
St George Mining Limited For personal use only Creating Shareholder Value through Exploration Success Photo: Diamond drilling at Mt Alexander for St George Mining by DDH1 Drilling ASX: SGQ | St George Mining Limited RIU Resources Sydney May 2019 27
Slide 29: 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