31 slides from St. George Mining's investor presentation, Apr 4, 2011
Slide 1: Investor Presentation (ASX release cover)
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Slide 2: Investor Presentation April 2011
Investor Presentation April 2011 For personal use only
Slide 3: Our Company
Our Company For personal use only Company Details: Listed on ASX on 16 November 2010 Gold and nickel sulphide prospects for world class deposits Exciting prospects for uranium and rare earths at Pine Creek Directors: John Prineas – Executive Chairman Tim Hronsky – Technical Director Marc
Slide 4: Project Locations
For personal use only Project Locations
Slide 5: East Laverton Property and BHP Nickel Farm-in Agreement
For personal use only East Laverton Property and BHP Nickel Farm-in Agreement
Slide 6: East Laverton Property
East Laverton Property For personal use only
Slide 7: East Laverton Property
| East Laverton Property » Mining Limited | ST GEORGE MINING LIMITED
Slide 8: New Developments – Project Dragon
New Developments – Project Dragon For personal use only • Farmin Agreement with BHP for the nickel rights at the East Laverton Property • BHP attracted to extensive rare high MgO komatiites (ultramafic volcanics) at East Laverton • BHP Nickel West is a fully integrated nickel business with mines, co
Slide 9: Nickel and BHP
Nickel and BHP For personal use only • BHP is the world’s third largest Ni producer • Major iron ore and nickel operations in WA • Nickel is a core business for BHP and strategically important to its iron ore business • Pursuing greenfields exploration to fuel growth
Slide 10: NiS – Need for Discoveries
NiS – Need for Discoveries For personal use only • Large decline in new and material NiS discoveries • Existing mines are mature with declining resources • Some mines have specific metallurgical issues (high Mg, low Fe) • Accepted that Ni- laterite will not reverse this downward trend in nickel reso
Slide 11: Komatiite NiS Deposits are Rare
Komatiite NiS Deposits are Rare For personal use only • Komatiite hosted Ni-S deposits have a very restricted distribution globally, only forming in a narrow timeframe in the Archean • Two of the three komatiite Ni belts in Australia are in the Eastern Goldfields and host the majority of Australia’s
Slide 12: High Value of Komatiite NiS Deposits
High Value of Komatiite NiS Deposits For personal use only • Komatiite hosted NiS deposits are smaller in size and higher grade than disseminated NiS deposits • They are high profit margin, stand alone deposits that produce a clean Fe and low Mg concentrate • Mt Keith is a large, low grade dissemina
Slide 13: Project Dragon – The Potential
Project Dragon – The Potential For personal use only • Project area is situated within southern extension of Ni and PGE rich Duketon ultramafic belt • Large landholding allows for multiple high value deposits in new NiS district – analogous to Kambalda in 1960’s • Multiple Ni-rich lava channels exis
Slide 14: For personal use only
| 560 000mE 600 000m E 640 000mE L (@) TROPICANA JV (5m oz Au) ———?> Xe 7 RUSTY NAIL _ — _—_ on 6 740 000mN — rv “ Sp — * SN FROSTBITE = ALAS / _ / fe ay \ & “7 CORVETTE 6 700 000mN J —_ ie fN \ KAS oo 3m @ 40.33 git Au from 97m ae /_- a 7 XG Ae ts a a \ 0 10 20 30 40 : ————————— ST GEORGE MINING LI
Slide 15: Nickel Targets
For personal use only Nickel Targets
Slide 16: Farm-in Agreement
Farm-in Agreement For personal use only • BHP may earn a 70% interest by sole funding a bankable feasibility study (BFS), with St George Mining free carried for its 30% interest up to completion of the BFS • The interest is earned over the nickel rights at 9 tenements covering 498 sq km, with BHP ha
Slide 17: Gold Focus at East Laverton
Gold Focus at East Laverton For personal use only • Dominant landholding of 1,810 sq km in the under-explored margin of the Yilgarn Craton • Highly favourable structural setting: Focused on the major Minigwal and Stella Range Faults which are cross-cut by a NE-SW tensional fault system, informally k
Slide 18: Gold Exploration
Gold Exploration For personal use only • SGQ completed a regional (500m grid) MMI multi-element soil geochemical survey in 2010 • Infill sampling on a 50m spacing now completed on areas of interest • Two major new gold prospects discovered with potential for large scale deposits – Balmoral and Deser
Slide 19: Balmoral Au Prospect
Balmoral Au Prospect For personal use only • New prospect with large geochemical footprint • Indicates zoned hydrothermal system with 12 km strike • Core zone is 3km x 2km and contains three prominent gold targets • Central Au + Ag + Mo + Cu geochemistry suggests magmatic involvement • Surrounding a
Slide 20: Gold Targets
For personal use only Gold Targets
Slide 21: Pine Creek Property
For personal use only Pine Creek Property
Slide 22: Pine Creek Property
Pine Creek Property For personal use only • SGQ’s Thunderbolt Gold Prospect discovered through Homestake’s regional diamond drilling program • Exploration model based on Homestake’s giant gold deposit at Lead, South Dakota (50+ M ozAu) • Material uranium discoveries in proximity: Thundelarra (ASX: T
Slide 23: Pine Creek Property
Pine Creek Property TIMOR SEA ST GEORGE MINING LIMITED
Slide 24: Blue Thunder Gold Project
Blue Thunder Gold Project For personal use only • Western part of Au-rich Pine Creek’s Central Domain • Excellent road, rail and gas pipeline infrastructure • On the under-explored Fenton Shear (the western margin of concealed Archean dome) • Parallel to Pine Creek Shear (the eastern margin of the A
Slide 25: Blue Thunder Gold Project
Blue Thunder Gold Project For personal use only • Discovery hole FEND 18: 20m@1.74 g/t Au (incl. higher grade zones) • FEND 14 (17 m @ 0.72 g/t Au) is 1.2 km from FEND 18 • Mineralisation open in all directions • Drill target for 2011 • Coincident Au + Co anomaly from MMI orientation survey over thi
Slide 26: White Strike Uranium Project
White Strike Uranium Project For personal use only • On strike from U3O8 Thunderball discovery of WHITE STRIKE URANIUM PROSPECT Thundelarra _________________________________ Uranium anomaly (yellow) coincident • Radiometric anomaly: with margin of inferred underlying intrusive (pink) and intersectio
Slide 27: Exploration Program and Targets
For personal use only Exploration Program and Targets
Slide 28: Exploration Targets
Exploration Targets For personal use only Location Priority Prospects Initial Resource Actions in 2011 Target East Laverton Project Dragon BHP target BHP exploration (NiS) East Laverton Balmoral (Au) 1+ Moz Au Initial drilling East Laverton Desert Dragon (Au) 1+ Moz Au Ongoing drilling Pine Creek Th
Slide 29: Loyalty Option Issue
For personal use only Loyalty Option Issue
Slide 30: Loyalty Options
Loyalty Options For personal use only Loyalty options, as outlined in the 2010 IPO Prospectus, to be issued around May 2011: to be issued to all shareholders on the register as at the record date (to be determined prior to option issue) one option for every two shares options will be issued at
Slide 31: 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 regarding