St. George Mining Ltd. · ASX:SGQ
St. George Mining — Merger or Acquisition (October 2024)
29 slides from St. George Mining's merger presentation, Oct 8, 2024
Slide 1: A new era for St George Mining
Presentation for General Meeting of Shareholders on 8 October 2024 A new era for St George Mining Niobium. World class.
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements: This Presentation may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning St George’s planned exploration program and other statements that are not historical facts. Although St George believes t
Slide 3: The Araxa opportunity
The Araxa opportunity Deal propels St George onto global niobium stage ASX: SGQ | St George Mining Limited 3
Slide 4: Investment Highlights
Investment Highlights Acquisition of world-class niobium-REE opportunity • St George has secured the Araxa Project in Minas Gerais, Brazil Tier 1 location for niobium- • Located in the world’s leading district for niobium production and adjacent to the flagship REE projects operation of the world’s
Slide 5: Leadership to Deliver Re-rating
Leadership to Deliver Re-rating Highly experienced in-country team established Brazil - Management Board of Directors Director, ESG and Technical Development: Thiago Amaral Executive Chairman: John Prineas Engineer with more than 17 years experience with CBMM including Head Founding director and cha
Slide 6: Araxa Project
Araxa Project Uncovering another jewel in the Barreiro Carbonatite MOSAIC ARAXA TIER 1 NIOBIUM LOCATION Facilities Project • St George’s Araxa Project is located within the Barreiro Carbonatite complex – a 5 km wide carbonatite hosting hard-rock niobium, REE and phosphate mineralisation • World-clas
Slide 7: High-grade niobium from surface
High-grade niobium from surface More than 500 intercepts of significant >1% Nb2O5 mineralisation* High-grade niobium in a selection of historical intersections (cut-off grade 1% Nb2O5): Hole ID From (m) To (m) Interval Nb2O5 % Resources of the world’s only 3 primary niobium operating (m) mines1: AAX
Slide 8: World-class REE mineralisation
World-class REE mineralisation Thick intercepts of high-grade REE from surface* High-grade REE in a selection of historical intersections (cut-off grade 2% TREO): Hole ID From (m) To (m) Interval TREO % World-class carbonatite-hosted REE deposit at Mt Weld in (m) Australia1: IXVK7 surface 60 60 11.1
Slide 9: Abundant phosphate mineralisation
Abundant phosphate mineralisation High-grade phosphate from surface* High-grade phosphate in a selection of historical intersections (cut-off grade 10% P2O5): Interval Hole ID From (m) To (m) P2O5 % (m) 0XVIL0 4 17 13 21.7 including 4 15 11 23 5.5XVIK1.5 47.5 57.5 10 22 including 50 57.5 7.5 25.7 1X
Slide 10: Mineralisation open in all directions
Mineralisation open in all directions Only 10% of project areas drilled1 Inset: Map of the total project area with shaded area indicating the zone with close- spaced drilling. Main map: zone with close spaced drilling. Section A1 to A2 is shown on slide 11. Section B1 to B2 is shown on slide 12. ASX
Slide 11: Widespread niobium from surface (cut-off grade 1% Nb2O5)
Widespread niobium from surface (cut-off grade 1% Nb2O5 )1: * Historical drilling has not been reported under JORC Code 2012. Drill results have been previously reported under th Canadian NI43-101 standards. St George is not to be seen as reporting or adopting those results. ASX: SGQ | St George Min
Slide 12: Widespread TREO from surface (cut-off grade 2% TREO)
Widespread TREO from surface (cut-off grade 2% TREO)1: * Historical drilling has not been reported under JORC Code 2012. Drill results have been previously reported under the Canadian NI43-101 standards. St George is not to be seen as reporting or adopting those results. ASX: SGQ | St George Mining
Slide 13: CBMM: Blue ribbon neighbour
CBMM Blue ribbon neighbour CBMM • St George’s Araxa Project shares tenement boundaries with CBMM’s niobium mine – the largest in the world • CBMM’s mine has operated for more than 50 years • St George’s Araxa Project and CBMM’s niobium mine are both situated within the Barreiro Carbonatite – a carbo
Slide 14: St George Mining Limited
St George Mining Limited The new global player in niobium ASX: SGQ | St George Mining Limited 14
Slide 15: Niobium – Future Facing Mineral
Niobium – Future Facing Mineral Essential for modern high-tech applications Niobium is produced into Ferroniobium (88% of demand) and Niobium oxide (12%) with demand for Niobium oxide accelerating due to increasing use in battery technologies1 Ferroniobium Niobium Oxide Battery Technologies • Widely
Slide 16: Niobium supply concentration
Niobium Supply concentration with only 3 producers Niobec 9% Primary niobium producers: CMOC CBMM: 11% Araxa mine, Minas Gerais, Brazil CMOC: Boa Vista mine, Goias, Brazil Niobec: Niobec mine, Quebec, Canada CBMM 80% 2024 Global supply of niobium by primary producers1 Refer to Appendix A for full li
Slide 17: Niobium: critical mineral with very high priority
Niobium Critical mineral with very high-priority EU Critical Mineral Rankings US Critical Mineral List Asian buyers invest significant sums to secure supply1: Supply Risk Ranking 1 HREE 1 Gallium March 2011: US$1.8b paid by Japanese/Korean consortium to 2 Niobium 2 Niobium buy 15% equity in CBMM 3 M
Slide 18: Advancing the Araxa Project
Advancing the Araxa Project Initiatives Underway • Two mining concession applications and one exploration permit. Permitting Process • Engagement with Government and licensing authorities commenced. • Resource modelling commenced using extensive historical drilling database, to be Resource modelling
Slide 19: The Araxa acquisition
The Araxa acquisition Deal highlights/capital raising ASX: SGQ | St George Mining Limited 19
Slide 20: General Meeting to Approve Capital Raising
General Meeting to Approve Capital Raising Key Terms of Capital Raising Fund Raising A$21,250,000 in new funds to be raised A$2,500,000 share placement under Listing Rule 7.1 (no shareholder approval required) Tranche 1 • 100,000,000 ordinary shares at A$0.025 per share A$18,750,000 share placement
Slide 21: The Acquisition
The Acquisition Key Terms of Acquisition Niobium Dragon Pty Ltd, wholly owned subsidiary of St George, has entered into a binding Share Sale Agreement The Acquisition with Itafos Inc to acquire all the issued capital of Itafos Araxa Mineracao E Fertilizantes S.A which owns 100% of the Araxa Project
Slide 22: Pro forma capital structure
Pro forma capital structure Pro forma – Ordinary Shares Pro forma – Capital Structure Post Completion Shares outstanding 6 August 2024 988,540,432 Shares on issue 2,212,267,147 Shares to be issued Listed options 39,188,238 • Tranche 1 100,000,000 Unlisted options 149,224,199 • Tranche 2 750,000,000
Slide 23: Timeline and Key Milestones
Timeline and Key Milestones High growth strategy 2024 2025 MILESTONE JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Purchase completion Drilling 5,000m Diamond drilling Maiden JORC resource MRE Metallurgical study Met testwork Drilling – Resource Growth 3.000m diamond drilling Drilling - Exploratio
Slide 24: St George Mining Limited
ST GEORGE MINING LIMITED Building a globally significant niobium-REE mining company ASX: SGQ | St George Mining Limited 24
Slide 25: Appendix A - References
Appendix A - References Slide 6 Slide 9 1. For CBMM Araxa mine resource see ‘Main Minerals of The Araxá Alkali- 1. See Note 1 for Slide 6 carbonatite Complex, Minas Gerais State, Brazil’ by João Carlos Biondi, José Marques Braga, Journal of South American Earth Sciences, December 2023. Slides 10, 11
Slide 26: Appendix B – Key Risks
Appendix B – Key Risks The future performance of the Company and the value of its shares may be influenced by a range of factors, many of which are largely beyond the control of the Company and its directors. Key risks associated with the Company’s business and the industry in which it operates as w
Slide 27: Appendix B – Key Risks (continued)
Appendix B – Key Risks (continued) The future performance of the Company and the value of its shares may be influenced by a range of factors, many of which are largely beyond the control of the Company and its directors. Key risks associated with the Company’s business and the industry in which it o
Slide 28: Appendix B – Key Risks (continued)
Appendix B – Key Risks (continued) The future performance of the Company and the value of its shares may be influenced by a range of factors, many of which are largely beyond the control of the Company and its directors. Key risks associated with the Company’s business and the industry in which it o
Slide 29: Competent Person Statement
Competent Person Statement The information in this Presentation that relates to historical and foreign results is based upon, and fairly represents, information and supporting documentation reviewed by Mr. Carlos Silva, Senior Geologist employed by GE21 Consultoria Mineral and a Competent Person who
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