St. George Mining Ltd. · ASX:SGQ
St. George Mining — 121 Mining Investment Hong Kong (October 2015)
34 slides from St. George Mining's conference presentation, Oct 14, 2015
Slide 1: Western Australia's Next Big Nickel Story
‘Western Australia’s Next Big Nickel Story’ 14 October 2015 121 Mining Investment Hong Kong
Slide 2: Why Invest in St George Mining?
Why Invest in St George Mining ? Underexplored Projects • Three projects with very strong technical merit • Potential to host several nickel sulphide deposits Near Term Value Drivers • Drilling of multiple targets in Oct/Nov 2015 • Quality targets de-risked by systematic exploration High Leverage to
Slide 3: Corporate Overview
ST GEORGE INING LIMITED Corporate Overview St George Mining Limited |
Slide 4: Corporate Snapshot
Corporate Snapshot Board - Skills to deliver exploration success and company growth John PRINEAS, Chairman - Founding shareholder and chairman of St George Mining. Over 25 years experience in the banking and legal sectors, including the head of a financial institution in Australia, with a focus on f
Slide 5: Highly Qualified Technical Team
Highly Qualified 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 Flying Fox deposits for Western Areas Limite
Slide 6: Capital Structure
Capital Structure Share Capital Listed Shares (ASX: SGQ) 137,395,226 Listed Options (ASX: SGQOA) 20,857,178 Market cap (@8c) $10.9m Top 20 43% Top 3 22% Management 8% Listed Options (SGQO): Exercise price of 20 cents, expiring on 30 June 2017. Unlisted Options: 1,000,000 options with 40 cents exerci
Slide 7: Nickel Market: The Right Time to Invest
Nickel Market: The Right Time to Invest 7
Slide 8: Price Cycle Positioned for Upswing
Price Cycle Positioned for Upswing Nickel market is smaller and more illiquid than others with much higher volatility Recently that volatility has resulted in downward motion; that won’t necessarily be the case moving forward Nickel price will enjoy a strong recovery in the medium to longer te
Slide 9: Nickel Price – The Drivers
Nickel Price – The Drivers Demand: • consumption of nickel is steadily rising • in China, the 2015 year on year increase of nickel consumption for stainless steel was 8% 9
Slide 10: Supply Side is Weak
Supply Side is Weak Supply: • the Indonesian ban on exports is continuing • existing nickel sulphide mines have decreasing resources • stockpiles and LME inventories falling Source: Norilsk Nickel IH 2015 Financial Results 10
Slide 11: The Value in Exploration
ST GEORGE INING LIMITED The Value in Exploration St George Mining Limited |
Slide 12: Nickel Discoveries are Rare
Nickel Discoveries are Rare New Discoveries are Richly Rewarded Most major WA discoveries early 1970’s Declining resources and high cost mines Nova and Venus are the only recent major NiS discoveries Laterites are no substitute for high grade NiS Exploration gives maximum leverage to nickel
Slide 13: Discovery: History of Value Creation
Discovery: History of Value Creation Nickel explorers can create remarkable shareholder wealth 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 Resources – market cap of $8m at discovery, $1.8 bi
Slide 14: Nickel Sulphide Projects in WA
Nickel Sulphide Projects in WA 14
Slide 15: 100% ownership of three nickel sulphide projects
St George has 100% ownership of three nickel sulphide projects Strategically important locations in WA Underexplored areas where major discoveries are still possible 15
Slide 16: Nickel Project Location Plan
D 1 | ST GEORGE MINING LIMITED ry Mt Keith Honeymoon Wel! \\, Yakabindie @ Nickel Mine © Nickel Deposit A Nickel Project (2) Nickel Closed Mine 30° Granites | Amphibolite-facies Metamorphics Mafic Volcanics — | Sedimentary Rocks SS Hawaii STGEORGE MINING LIMITED -28° - Sinclair eA Legend Felsic Volc
Slide 17: East Laverton Property: An Emerging Nickel Camp
East Laverton Property: An Emerging Nickel Camp 17
Slide 18: Dominant landholding of +2,000sq km
Dominant landholding of +2,000sq km with 3 major ultramafic belts Large pipeline of nickel sulphide prospects 18
Slide 19: Favourable Structural Setting
Favourable Structural Setting Fundamental Fault System Large nickel deposits form near the intersections of fundamental fault structures Major rift parallel faults cross-cut by deep transform faults at East Laverton Similar features at East Laverton to major nickel camps like Leinster (+1.5m t
Slide 20: Successful Exploration: Snapshot
Successful Exploration: Snapshot Favourable Geology Confirmed by Drilling Extensive strike of ultramafic with high MgO ultramafic sequences Abundant local source of sulphur essential for nickel sulphide formation Nickel Sulphides Discovered Multiple intersections of disseminated nickel sul
Slide 21: Priority Exploration Area
Priority Exploration Area 18km section on the Stella Range belt Large scale nickel prospectivity recognised by BHP Billiton farm- in (now concluded) Nickel sulphides discovered in first ever nickel-focused drilling by BHP in 2012; 35 RC holes at 7 targets for 8,560m of drilling Nickel sulphi
Slide 22: Desert Dragon North
Desert Dragon North 2m @ 1.08% Ni from 55m in discovery hole DDNRC002 Nickel sulphide stringers remobilised from a local source Off-hole DHEM conductor from DDNDD0001 recommended by Newexco as a ‘compelling target’ for massive nickel sulphides 22
Slide 23: Desert Dragon Central
Desert Dragon Central Successful Results: 18m @ 0.40% Ni from 100m incl. 4m @ 0.57%Ni from 100m in discovery hole DRAC35 Drilling has confirmed a wide continuous nickel sulphide zone Untested EM conductors in prominent fold of the Stella Range Belt Untested DHEM conductors in nickel sulphide
Slide 24: DRAC35 Section at Desert Dragon Central
DRAC35 Section at Desert Dragon Central: Multiple intersections of disseminated nickel sulphides and PGEs potentially the halo to massive nickel sulphides new DHEM conductors from DDRDD0004 and DDRDD0005 (extremely strong 61,000 Siemens) to be drilled in October 2015 24
Slide 25: Windsor
Windsor Successful Results: 30m @ 0.31% Ni from 108m incl. 8m @ 0.44%Ni from 130m and 2m @ 0.62%Ni from 132m in discovery hole DRAC38 6 holes completed in 2014 with an outstanding hit rate: All 6 holes intersected the prospective ultramafic 5 holes intersected nickel sulphides Large high M
Slide 26: Windsor - High Value Target
Windsor - High Value Target Multiple nickel sulphides in limited drilling over 200m +2km of basal contact still to be tested 4,000m of drilling in October 2015 will test the highly prospective basal contact 26
Slide 27: More Successful Results - Growing portfolio of targets
More Successful Results - Growing portfolio of targets Cambridge Bristol Large dunite body (4km x 2km) Large komatiite ultramafic unit on with magmatic sulphides/PGEs Central Belt intersected by confirmed by drilling Churchill Lineament Similarities to Perseverance Magmatic sulphides/PGEs du
Slide 28: New Projects: Hawaii and Mt Alexander North
New Projects: Hawaii and Mt Alexander North 28
Slide 29: World Class Address
World Class Address Close to major nickel and gold deposits on world class Agnew-Wiluna belt Located on Ida Fault/Mt Goode Rift, potentially the same structure that hosts Cosmos (+500,000 t Ni) Underexplored area with huge exploration upside Low cost acquisition from BHP in Sept 2015: will p
Slide 30: Hawaii
Hawaii Only shallow aircore drilling completed to date +5.5km of moderate to high MgO ultramafic identified Bedrock and strong magnetic targets remain to be tested Deep RC drilling by St George to start in October 2015 Potential for massive nickel sulphides and high grade gold – like Agnew
Slide 31: Mt Alexander North
Mt Alexander North Adjacent to high grade Ni-Cu massive sulphide discovery at Cathedrals (3rd party owned) with 4m @ 4.9%Ni, 1.7%Cu and 3.9g/t total PGEs from 91.4m Review underway of targets on St George tenement Deep RC drilling by St George planned in 2016 Exposure to potential new nickel
Slide 32: High Impact Exploration
ST GEORGE INING LIMITED High Impact Exploration St George Mining Limited |
Slide 33: Discovery Focused Drilling
Discovery Focused Drilling +7,000m RC drilling programme started on 5 October 2015 Testing powerful EM conductors at Desert Dragon Drilling the basal contact at Windsor with down-hole EM surveys to be used concurrently First ever deep drilling at Hawaii to test the bedrock Multiple opportuni
Slide 34: Disclaimer: Competent Person Statement
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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