21 slides from St. George Mining's conference presentation, Oct 15, 2019
Slide 1: ASX Media Release: Presentation – Australian Nickel Conference
ASX / MEDIA RELEASE 15 October 2019 For personal use only PRESENTATION – AUSTRALIAN NICKEL CONFERENCE St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) is participating in the Australian Nickel Conference in Perth today as a major sponsor. A copy of the Investor Presentation for the
Slide 2: High-Grade Nickel-Copper Sulphide Project in Western Australia
High-Grade Nickel-Copper Sulphide Project in Western For personal use only Australia Australian Nickel Conference 15 October 2019 ASX: SGQ
Slide 3: Nickel Market – What Changed in 2019
Nickel Market – What Changed in 2019 Predictions of a stronger nickel price proven to be correct UBS, Miner’s Price Review, For personal use only UBS, Miner’s Price 2019: LME & SHFE nickel stocks have fallen dramatically June Review, 2018 June 2018 600 SHFE (kt) LME (kt) US$/t $60,000 500 $50,000 “I
Slide 4: Nickel Price Outlook: The Next Nickel Boom is Forming
Nickel Price Outlook The Next Nickel Boom is Forming Nickel market deficit growing since 2015 For personal use only Nickel price history shows strong upswings YTD -102kt 150 such as in 1988 and 2006 100 50 A compelling scenario for the next strong 0 upswing: -50 -20 Market in deficit since 2015 -4
Slide 5: Nickel Market – Supply Challenge
Nickel Market – Supply Challenge Nickel requires substantial increase in reserve base to satisfy EV revolution For personal use only Traditional demand from stainless steel continues Considerable structural demand growth for EVs to to grow at circa. 4-5% p.a. reshape industry Stainless Steel Batte
Slide 6: St George – Growth Nickel Stock
St George – Growth Nickel Stock Exploration success at Mt Alexander creates value Discovery of high-grade nickel-copper-cobalt-PGEs For personal use only Drilling continues to expand the resource potential – shallow (30m from surface) deposits are being drilled out and down-plunge extensions are
Slide 7: Corporate Overview
Corporate Overview St George Mining is listed on the ASX St George Mining Ltd SGQ Directors and Management - Track Record of Success For personal use only Listed Shares 368,311,265 Broad Shareholder John PRINEAS, Executive Chairman – founding Listed Options (20¢, 30 Sep 20) 24,576,114 Base with over
Slide 8: High-Grade Discovery at Mt Alexander
For personal use only High-Grade Discovery at Mt Alexander ASX: SGQ | St George Mining Limited 15 October 2019 7
Slide 9: World Class Address
World Class Address Next to the Majors’ backyard For personal use only Mt Alexander – St George’s Flagship Nickel-Copper Sulphide Project • Highly prospective and strategic tenement holding next to Tier 1 assets • Located S-SW of world class nickel and gold mines of the Agnew-Wiluna Belt • Close to
Slide 10: Large Project Area
Large Project Area Nickel camp with several deposits 200 km2 tenement package: For personal use only • Two fertile belts being explored with large unexplored prospective areas Cathedrals Belt (east-northeast oriented belt): • Discoveries at Investigators, Stricklands, Cathedrals and Radar Prospects
Slide 11: Cathedrals Belt: Exceptional Discovery
Cathedrals Belt Exceptional Discovery For personal use only • Mineralisation from 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, cobalt and PGEs
Slide 12: Large Mineral System
Large Mineral System Extensive strike supports extensions of mineralisation at depth Radar discovery made in this drill programme – 1.2km east of known nickel-copper sulphides For personal use only “If the system is this long, it must be deeper than currently defined: With Radar, the mineralised str
Slide 13: Deep Drilling Commences
Deep Drilling Commences Confirms the system is ‘live’ down-plunge with potential to host significant sulphide mineralisation For personal use only MAD160 at Investigators intersected a 20m thick mafic-ultramafic unit from 248m downhole including disseminated and blebby sulphides in a 9m interval f
Slide 14: Major Drilling Programme Continues
Major Drilling Programme Continues EM conductors and geological targets being tested • 42 EM conductors prioritised for drilling in this programme, 30 remain to be drilled For personal use only • More conductors being identified by ongoing downhole EM surveys and moving loop EM surveys • Stratigraph
Slide 15: Fish Hook Prospect
Fish Hook Prospect Potential new greenfields discovery Fish Hook covers an 8,000m eastern extension of the highly mineralised Cathedrals Belt, is largely untested For personal use only by drilling and lies within a tenement 100% owned by St George Soil samples at Fish Hook return highly anomalou
Slide 16: Grade is King
Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs For personal use only From Width Ni Cu Co PGE Prospect Hole m m % % % g/t MAD71 37.5 17.45 3.0 1.3 0.13 1.68 Stricklands including 39.3 5.30 4.4 1.5 0.21 2.09 and 50.6 2.02 5.1 2.0 0.21 3.31 MAD56 57.8 7.50 3.9 1.7 0.12 3.32 Cathedrals inc
Slide 17: Project Development
For personal use only Project Development ASX: SGQ | St George Mining Limited 15 October 2019 16
Slide 18: Development Options
Development Options Scoping studies initiated Scoping studies to assess a potential mining proposal for Mt Alexander are For personal use only being initiated: • Environmental studies have commenced • Additional consultants to be appointed soon Preliminary Metallurgical Testwork: High Recoveries fro
Slide 19: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project Key project features support favourable project economics For personal use only which will be assessed by scoping/feasibility studies Shallow Mineralisation: The location and quality of the Mt Alexander • Low cost drilling/low cost potential Project pres
Slide 20: St George Mining Limited
St George Mining Limited For personal use only Creating Shareholder Value through Exploration Success Photo: Diamond drilling at Mt Alexander for St George Mining by DDH1 Drilling ASX: SGQ | St George Mining Limited 15 October 2019 19
Slide 21: Competent Person Statement
Competent Person Statement For personal use only 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