St. George Mining Ltd. · ASX:SGQ
St. George Mining — Investor Presentation (May 2014)
29 slides from St. George Mining's investor presentation, May 1, 2014
Slide 1: 2014 Nickel Sulphide Drilling Campaign: Positioned for Exploration Success
‘2014 Nickel Sulphide Drilling Campaign: Positioned for Exploration Success’ For personal use only 1 May 2014
Slide 2: St George – Positioned for Success
St George – Positioned for Success For personal use only Advanced nickel sulphide exploration Strong First ever drilling of EM conductors starts this platform for month discovery Exploration model focused on large discoveries and share Potential recognised by big mining company interest price re‐ Ma
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) 79,481,000 Listed Options (ASX: SGQO) 48,508,000 Market cap (@12c) $9.6m Top 20 61% Top 3 40% Management 20% Options on ASX: Exercise price of 20 cents, expiring on 28 November 2014 Unlisted Options: 750,000 options with
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 and highly prospective for large scale nickel sulphide mineralisation Geological setting favours nickel sulphide discoveries No native title – no natu
Slide 9: Why Is It Special?
Why Is It Special ? For personal use only Major Nickel Potential 3 extensive ultramafic belts with nickel sulphide potential (strike length +60km) An emerging nickel province Prospectivity recognised by BHP Billiton Nickel West farm‐ in (now concluded) Multiple nickel prospects currently bei
Slide 10: For personal use only
= @ 122° Camelwood R i y 120° w Re iS iN Honeymoon Wel ST GEORGE MINING LIMITED Laverton TT ST GEORGE Lv Legend MINING LIMITED d bi @ Nickel Mine @ Nickel Deposit - Emerging - A Nickel Project ‘ Nickel @ Nickel Closed Mine ‘| Province 1 = =~ Towns Mulga Tank 1 — Roads A : ©» Lakes i ° vo - | Geolo %
Slide 11: Nickel Market: Macro Factors Improving
For personal use only Nickel Market: Macro Factors Improving 11
Slide 12: 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 Global demand for nickel rising with greater production of stainless steel “I
Slide 13: Nickel Price Surges: +29% YTD
Nickel Price Surges: +29% 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 14: 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 14
Slide 15: Nickel at East Laverton
For personal use only Nickel at East Laverton 15
Slide 16: 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 17: East Laverton Project Tenement Plan
475,000 500,000 525,000 550,000 575,000 600,000 | J i—J 3 oS io i Py os N Ng bss = Ss s Pe ae a po © 39/1549 \ ° \ ° J al os 2. ——— i) ‘5 =p Ss wo _——" wo rh Le Dek o a o \ \ \ ae > 3 ey 3 a Minigwal “ei S iJ Fault is o o A e East Laverton Project NS (“Wh . Tenement Plan STGEORGE ; MINING LIMITED Le
Slide 18: 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 Targets and $3m data‐set now owned and controlled 100% by St George as from October 2013 Ongoin
Slide 19: EM Survey Delivers Targets
EM Survey Delivers Targets For personal use only Comprehensive Electromagnetic Survey Modern, powerful EM techniques to see under cover Newexco already identified ‘Category 1’ EM conductors with recommendation for immediate drilling EM model focused on large discoveries; 400m moving loop EM (M
Slide 20: East Laverton Project Priority Nickel Prospects
6,725,000 6,730,000 . 6,735,000 6,740,000 6,745,000 6,750,000 6,755,000 ~—_—«6,760,000 6,720,000 495,000 500,000 505,000 510,000 515,000 520,000 525,000 530,000 535,000 540,000 545,000 550,000 555,000 560,000 1 if 1 1 il a M4 By a x > | : 4 ‘ | GX | N Cy ‘ A i he pian) S 4 % "i Fea \ : 5 Cambridge _
Slide 21: High Impact Exploration
For personal use only High Impact Exploration 21
Slide 22: Stella Range Belt
Stella Range Belt For personal use only Exploration focused on the Stella Range Belt where fertile high MgO ultramafics with magmatic nickel sulphides have been established Disseminated nickel sulphides in 3 holes over 15 km strike length • 2m @ 1.08% Ni (DDNRC‐02) • 18m @ 0.40% Ni (DRAC‐35) • 2 m
Slide 23: Desert Dragon North
Desert Dragon North For personal use only Highest Priority Target Rated as a “Category 1” EM conductor by Newexco Discrete late‐time EM anomaly Co‐incident high mag anomaly – thick ultramafic sequences On strike from nickel intersection: 2m @ 1.08% Ni (DDNRC‐02) Geophysical, geological and
Slide 24: Phase 1 of 2014 Drilling Campaign
Phase 1 of 2014 Drilling Campaign For personal use only Phase 1 of the 2014 drilling campaign will test EM conductors on the Stella Range Phase 1 of drilling starts in late May 2014 Six EM conductors planned for initial drill testing First ever test drilling of EM conductors by St George Str
Slide 25: Phase 2 of 2014 Drilling Campaign
Phase 2 of 2014 Drilling Campaign For personal use only Phase 2 of the 2014 drilling campaign planned for Q3/4 2014 Ongoing EM survey expected to identify more EM conductors within new areas on the Stella Range as well as Central and Minigwal belts EM conductors will be screened and ranked ahead
Slide 26: Leverage to Exploration Success
For personal use only Leverage to Exploration Success 26
Slide 27: Rising Valuation
Rising Valuation For personal use only Share price highly leveraged to exploration success Systematic exploration using • Low market cap • Tight share register modern techniques Unique regional exploration play • Strong technical team • Innovative R&D • Emerging nickel field • Pipeline of prospects
Slide 28: 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 billion Jubilee Mines – market cap of $20m at discovery, taken over for $3.1 billion Sirius
Slide 29: 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