17 slides from St. George Mining's investor presentation, May 15, 2020
Slide 1: ASX / Media Release: Presentation – 2020 Drill Programme
ASX / MEDIA RELEASE 15 May 2020 For personal use only PRESENTATION – 2020 DRILL PROGRAMME St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) has issued a new Investor Presentation focusing on the 2020 Drill Programme at its flagship Mt Alexander Project. Drilling of targets for high‐
Slide 2: Mt Alexander High-Grade Nickel-Copper Sulphide Discovery: 2020 Drill Programme
Mt Alexander High-Grade Nickel-Copper Sulphide Discovery: For personal use only 2020 Drill Programme ST GEORGE MINING LIMITED ACN 139 308 973 ASX: SGQ 15 May 2020
Slide 3: Primed to Deliver Value
Primed to Deliver Value High-grade discoveries in a great location Exceptional high-grade mineralisation: For personal use only • 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, cob
Slide 4: World Class Address
World Class Address Next to the majors’ backyard For personal use only 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 Foundat
Slide 5: Emerging Nickel Camp
Emerging Nickel Camp Four high-grade discoveries……. and counting For personal use only • 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 dril
Slide 6: 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 For personal use only other successful discoveries including Nova-Bollinger • Magneto and Audio-magneto (MT and AMT) surveys can map
Slide 7: Conductive Zones Identified
Conductive Zones Identified Favourable location for nickel-copper sulphides • New conductive features have been identified at depth within the Investigators, For personal use only West End and Fairbridge Prospects in areas yet to be tested by drilling • Conductive structures and stratigraphy paralle
Slide 8: 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 For personal use only is dislocated by granites and appears again at depth as a large conductive feature • Ideal locat
Slide 9: Multiple Deeper Targets
Multiple Deeper Targets Extensive intrusive network • New conductive zones are located down-dip and/or along strike from nickel-copper For personal use only sulphides already discovered at shallow depths • Potential for ultramafics and nickel-copper sulphides at depth, typical of intrusive systems l
Slide 10: 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 For personal use only anomaly supports the presence of nickel-copper sulphides • Additional north-south lines over key discoveries and targets • Potential for fu
Slide 11: 2020 Drill Programme
2020 Drill Programme Making new discoveries New targets for a new discovery: For personal use only • 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
Slide 12: Advancing Towards a Mine
Advancing Towards a Mine Scoping study initiated Scoping study to assess a For personal use only potential mining proposal: • Environmental studies have commenced • Entech appointed geological consultant for maiden 2012 JORC resource estimate for the shallow, high-grade Stricklands deposit Favourabl
Slide 13: Metallurgical Testwork
Metallurgical Testwork Excellent results point to high-value concentrate Preliminary Metallurgical Testwork For personal use only 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
Slide 14: Corporate Overview
Corporate Overview Fully funded for aggressive exploration For personal use only 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 m
Slide 15: Share Price Performance
Share Price Performance Highly leveraged to nickel price and news flow 24 Ni US$20,000/t $0.30 For personal use only 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
Slide 16: St George Mining Limited
St George Mining Limited Developing a high-grade nickel-copper sulphide project in the heart of Western Australia’s Goldfields. For personal use only 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 Lim
Slide 17: Forward looking statements and disclosures
Forward looking statements and disclosures 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 Inst