St. George Mining Ltd. · ASX:SGQ
St. George Mining — Shareholder Meeting (November 2018)
32 slides from St. George Mining's shareholder meeting presentation, Nov 20, 2018
Slide 1: ASX Media Release: Presentation – Annual General Meeting
ASX / MEDIA RELEASE 20 November 2018 For personal use only PRESENTATION – ANNUAL GENERAL MEETING St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) has issued a new Investor Presentation that will be showcased at its Annual General Meeting today. A copy of this new Presentation is at
Slide 2: Building an Inventory at the Mt Alexander Nickel-Copper Sulphide Discovery
Building an Inventory at the Mt Alexander Nickel-Copper For personal use only Sulphide Discovery 20 November 2018 ASX: SGQ
Slide 3: Strategic Objectives
For personal use only Strategic Objectives 2
Slide 4: Emerging Nickel Company
Emerging Nickel Company St George is in the high growth phase of its For personal use only corporate life Stage 3 Shareholder Value $$$ Stage 2 Stage 1 Methodical exploration to scope the scale of the discovery Acquisition of quality Drill, drill, drill with aim exploration project at of building a
Slide 5: 2018 – The Year of Investigators
2018 – The Year of Investigators Best drill results to date increase For personal use only grade and scale potential at Investigators MAD127 (XRF readings, assays pending): 12.02m of mineralisation from 180m including 6.39m @ 8.08%Ni and 5.06%Cu 184.2m MAD126 (XRF readings, assays pending): 14.37m o
Slide 6: Scale is Unfolding
Scale is Unfolding 25 drill holes completed at Investigators For personal use only for 5,049m of drilling in 2018 to date Widespread nickel-copper sulphides intersected plus significant down plunge extensions to the north-northwest Left and Above: plan view map of Investigators set against SAMSON EM
Slide 7: 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 Review Mining Potential: • Initiate studies to assess the potential for a low cost/high margin mining operation
Slide 8: Nickel Market Dynamics are Changing
For personal use only Nickel Market Dynamics are Changing 7
Slide 9: Upswing in Cycle
Upswing in Cycle For personal use only Decreasing Stockpiles Support a Rising Nickel Price: Chart: 10 year price chart against LME stockpiles shows clear long-term trend Glencore note “demand is much stronger than most market participants recognise, and the deficit is much higher than people think”,
Slide 10: Nickel Demand Rises on Electric Vehicle Revolution
EV Demand Nickel Demand Rises on Electric Vehicle Revolution For personal use only • Nickel sulphide (Class 1 nickel) is required for EV batteries; nickel pig iron, etc (Class 2) is not suitable for batteries • 1Mt deficit in 2025 = price pressure UBS, Miner’s Price Review, June 2018: “EV battery de
Slide 11: Nickel Price to Outperform
Nickel Price to Outperform LME Week, 8 October 2018 – For personal use only 55% of metal traders vote nickel as the most exciting commodity for upcoming 12 months Macquarie Wealth Management, UBS, Miner’s Price Review, June 2018: 15 November 2018: Best Commodities on Risk/Return ? Nickel prices ar
Slide 12: St George – Corporate Overview
For personal use only St George – Corporate Overview 11
Slide 13: Market Profile and Capital Structure
Market Profile and Capital Structure For personal use only Listed shares (SGQ): 298,116,211 Share Ownership Listed options (SGQOB): 24,579,714 Top 10: 19% Top 20: 27% SGQOB - exercise price of 20c, expiring on 30 Sept 2020. Directors: 6% Market cap: A$42m (@14 per share) Cash: A$3.8m (at 30 Sept 201
Slide 14: Highly Qualified Team
Highly Qualified Team Directors, Management and Consultants with a Track Record of Success For personal use only John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking and legal sectors servicing the resources industry. Tim HRONSKY, Technical
Slide 15: The Discovery at Mt Alexander
For personal use only The Discovery at Mt Alexander 14
Slide 16: Mt Alexander: Favourable Location
Mt Alexander Favourable Location For personal use only Three Projects in Western Australia: • Stable and reliable mining jurisdiction MT ALEXANDER DISCOVERY • Exceptional discovery in Western Australia • High-grade nickel-copper sulphides in a low risk jurisdiction Favourable Location: • Located S-S
Slide 17: Exceptional Nickel-Copper Sulphide Discovery
Exceptional Nickel-Copper Sulphide Discovery For personal use only Cathedrals Belt Discovery at Shallow Depths: • Massive sulphide mineralisation 30m from surface • Intrusive system with potential for significant mineralisation at depth High Grade and Polymetallic: • Nickel sulphide plus copper, cob
Slide 18: Large Mineral System
Large Mineral System • Investigators, Stricklands and Cathedrals Prospects are located within the 4.5km strike For personal use only of the Cathedrals Belt – each with increasing resource potential • Definition drilling underway to fully scope the scale of the discovery Above: Mt Alexander tenements
Slide 19: Grade is King
Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs For personal use only 2017 – some of the best intersections (with assays): MAD71 (Stricklands Prospect): 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m, including 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t total PG
Slide 20: Extensions of High-Grade Mineralisation
For personal use only Extensions of High-Grade Mineralisation 19
Slide 21: Investigators Prospect
Investigators Prospect Unlocking a Major Mineralised System High powered SAMSON electromagnetic (EM) survey identifies large areas of EM conductivity For personal use only indicating potential for extensive sulphide mineralisation Mineralised ultramafic unit dips 30 degrees to the north Drilli
Slide 22: Plunge Increased by Latest Drilling
Plunge Increased by Latest Drilling Drilling and downhole EM surveys used concurrently to identify more high-grade mineralisation at depth For personal use only MAD60 Line (approx. 231225E) has down plunge strike of high- grade mineralisation to 320m DHEM in MAD119, a 150m step- out to the north
Slide 23: MAD111 Line: Thickest Massive Sulphides at Investigators
MAD111 Line Thickest Massive Sulphides at Investigators For personal use only MAD126 and MAD127 - thick massive sulphides with +8%Ni and +4%Cu Strong EM conductors up-dip and down plunge (e.g. circa 200,000 Siemens) Channelised lava flow with likely extensions of mineralisation Above: Schematic cros
Slide 24: Stricklands Prospect
Stricklands Prospect +400m strike with wide intercepts For personal use only Multiple high-grade hits including drill hole MAD71: 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t PGEs from 37.45m, including the massive sulphide zones of: 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t PGEs from 39.3m;
Slide 25: Cathedrals Prospect
Cathedrals Prospect High grade mineralisation on two surfaces For personal use only Numerous intersections of nickel-copper sulphides on two surfaces – the Cathedrals ultramafic and the footwall fault below including MAD56: 7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m, includ
Slide 26: Metallurgical Testwork
Metallurgical Testwork High Recoveries from Ore: For personal use only • >99% recoveries of Ni and Cu to concentrates from preliminary testwork on massive sulphides Clean Concentrate: • No deleterious elements like MgO, talc or arsenic Standard Flotation: • Separate nickel and copper concentrates pr
Slide 27: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project For personal use only Key project features support favourable project The location and quality of the Mt economics which will be assessed by Alexander Project presents: scoping/feasibility studies Multiple potential development and processing options (
Slide 28: Upside with Regional Exploration
For personal use only Upside with Regional Exploration 27
Slide 29: Mt Alexander Belt
Mt Alexander Belt Underexplored belt with proven massive nickel sulphides For personal use only Mt Alexander Belt is north-northwest trending with a strike of 7km Historical drilling has intersected widespread nickel sulphides including massive sulphides Prior drilling completed mostly as wide
Slide 30: Northern Areas
Northern Areas Potential for Parallel Mineralised Structures For personal use only New high resolution magnetic data for the northern tenements – E29/548 and E29/954 – has recognised east-northeast structures parallel to the Cathedrals Belt These structures may represent ultramafic sequences sim
Slide 31: St George Mining: creating shareholder wealth through exploration success
St George Mining: creating shareholder wealth through exploration success For personal use only Above: diamond drill rig at Stricklands, Cathedrals Belt. Right: Drill core from MAD108. 30
Slide 32: Disclaimer
DISCLAIMER: 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 regarding targets, estimates a
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