St. George Mining Ltd. · ASX:SGQ
St. George Mining — Investor Presentation (May 2020)
16 slides from St. George Mining's investor presentation, May 15, 2020
Slide 1: Mt Alexander High-Grade Nickel-Copper Sulphide Discovery: 2020 Drill Programme
Mt Alexander High-Grade Nickel-Copper Sulphide Discovery: 2020 Drill Programme ST GEORGE MINING LIMITED ACN 139 308 973 ASX: SGQ 15 May 2020
Slide 2: Primed to Deliver Value
Primed to Deliver Value High-grade discoveries in a great location Exceptional high-grade mineralisation: • Massive sulphide mineralisation discovered 30m from surface and remains open at depth • New style of mineralisation for the region with high grades of nickel, copper, cobalt and platinum group
Slide 3: World Class Address
World Class Address Next to the majors’ backyard Established Nickel Mining Region: • Tier 1 mining jurisdiction Western Australia • Near major nickel operations, including BHP’s flagship nickel mines • Adjacent to Agnew-Wiluna Belt, the most productive nickel belt in WA Foundation for Development: •
Slide 4: Emerging Nickel Camp
Emerging Nickel Camp Four high-grade discoveries……. and counting • Shallow nickel-copper-cobalt-PGE sulphide deposits discovered over a 5.5km strike of the Cathedrals Belt • If the system is that long, it must be deeper than the extent of the current discoveries • All deep drill holes completed in 2
Slide 5: 2020 MT Survey – Breakthrough Results
2020 MT Survey – Breakthrough Results New conductive features identified at depth • Surface EM survey cannot reliably see beyond 250m below surface; similar issues at other successful discoveries including Nova-Bollinger • Magneto and Audio-magneto (MT and AMT) surveys can map structures and conduct
Slide 6: Conductive Zones Identified
Conductive Zones Identified Favourable location for nickel-copper sulphides • New conductive features have been identified at depth within the Investigators, West End and Fairbridge Prospects in areas yet to be tested by drilling • Conductive structures and stratigraphy parallel to the Cathedrals Be
Slide 7: Investigators Drill Target Confirmed
Investigators Drill Target Confirmed 3D inversion model defines target for down-plunge extension • A strong conductive response for the known shallow mineralisation at Investigators is dislocated by granites and appears again at depth as a large conductive feature • Ideal location for down-plunge ex
Slide 8: Multiple Deeper Targets
Multiple Deeper Targets Extensive intrusive network • New conductive zones are located down-dip and/or along strike from nickel-copper sulphides already discovered at shallow depths • Potential for ultramafics and nickel-copper sulphides at depth, typical of intrusive systems like the Cathedrals Bel
Slide 9: More MT Survey Results Coming
More MT Survey Results Coming Additional MT survey underway • 10km east-west extension to Fish Hook, where a high order nickel-copper soil anomaly supports the presence of nickel-copper sulphides • Additional north-south lines over key discoveries and targets • Potential for further drill targets to
Slide 10: 2020 Drill Programme
2020 Drill Programme Making new discoveries New targets for a new discovery: • Investigators deep MT survey targets • New deeper targets in areas never drilled: Fairbridge - below surface gossans Radar – down-dip from shallow discovery West End – never drilled Fish Hook- never drilled • +10,
Slide 11: Advancing Towards a Mine
Advancing Towards a Mine Scoping study initiated Scoping study to assess a potential mining proposal: • Environmental studies have commenced • Entech appointed geological consultant for maiden 2012 JORC resource estimate for the shallow, high-grade Stricklands deposit Favourable development pathway:
Slide 12: Metallurgical Testwork
Metallurgical Testwork Excellent results point to high-value concentrate Preliminary Metallurgical Testwork High Recoveries from Ore: • >99% recoveries of Ni and Cu to bulk concentrates • Separate nickel and copper concentrates produced with 89% and 86% recoveries respectively (on right: copper bein
Slide 13: Corporate Overview
Corporate Overview Fully funded for aggressive exploration Market Capitalisation Directors and Management – Listed Shares (15 May 2020) Vision and Experience for Success A$36m 457,889,079 John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking
Slide 14: Share Price Performance
Share Price Performance Highly leveraged to nickel price and news flow 24 Ni US$20,000/t $0.30 12 month chart showing the SGQ 20 $0.25 share price relative to the 16 Ni US$15,000/t $0.20 nickel price Trading Volume (millions) Share Price 12 $0.15 8 Ni US$10,000/t $0.10 4 $0.05 0 $0.00 May Jun Jul Au
Slide 15: St George Mining Limited
St George Mining Limited Developing a high-grade nickel-copper sulphide project in the heart of Western Australia’s Goldfields. Photo: The St George team at Mt Alexander inspecting drill core from MAD152 – the discovery hole at the Radar Prospect ASX: SGQ | St George Mining Limited 15 May 2020 15
Slide 16: Forward looking statements and disclosures
Forward looking statements and disclosures 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 and Me