24 slides from St. George Mining's conference presentation, Sep 18, 2018
Slide 1: ASX Media Release: Presentation - Reuters Mining Week
ASX / MEDIA RELEASE 18 September 2018 For personal use only PRESENTATION ‐ REUTERS MINING WEEK St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) is participating in the Reuters Mining Week with investor presentations in Singapore and Hong Kong on 18 and 20 September 2018 respectivel
Slide 2: Western Australia's Next Big Nickel Sulphide Story
Western Australia’s Next For personal use only Big Nickel Sulphide Story Reuters Mining Week Singapore and Hong Kong 18/20 September 2018 ASX: SGQ
Slide 3: St George – Growth Nickel Stock
St George – Growth Nickel Stock Nickel-copper For personal use only sulphide discovery in WA Major Drilling to expand re-rating resource potential of St George Upswing in nickel price On right: Diamond drilling at Mt Alexander 2
Slide 4: Nickel Market Dynamics are Changing
For personal use only Nickel Market Dynamics are Changing 3
Slide 5: EV Demand
EV Demand Demand Rises on Electric Vehicle Revolution: For personal use only • Nickel sulphide (Class 1 nickel) is required for EV batteries; nickel pig iron, etc (Class 2) is not suitable for batteries • 1Mt deficit in 2025 = price pressure Source: McKinsey Basic Materials Institute Australian Fina
Slide 6: Upswing in Price Cycle
Upswing in Price Cycle UBS, Miner’s Price Review, June 2018: For personal use only EV battery demand is emerging faster than expected. Inventory is falling, premia are rising, indicating a scramble for nickel metal. Meanwhile little battery-ready mine supply investment is being made. Decreasing Stoc
Slide 7: Nickel Price to Outperform
Nickel Price to Outperform UBS, Miner’s Price Review, June 2018: For personal use only Best Commodities on Risk/Return ? Nickel is our preferred play on a >12 month view. Commodity Units Current Price LT Forecast ‘Upside’ LT v. Current Cobalt US$/t 62,750 43,200 (32%) Copper US$/t 5,972 7,280 22% Ni
Slide 8: Securing Nickel Supply
Securing Nickel Supply As the nickel market tightens and the battery market grows, industry players are looking to secure supply. For personal use only Battery manufacturers are competing for M&A is heating up. supply by offering offtake finance and taking strategic stakes in miners. The West, The W
Slide 9: St George – Corporate Overview
For personal use only St George – Corporate Overview 8
Slide 10: Market Profile and Capital Structure
Market Profile and Capital Structure For personal use only Listed shares (SGQ): 298,116,211 Share Ownership Listed options (SGQOB): 24,579,714 Top 10: 19% Top 20: 27% SGQOB - exercise price of 20c, expiring on 30 Sept 2020. Directors: 6% Market cap: A$39m (@12 per share) Cash: A$4m (at 13 Sept 2018)
Slide 11: Highly Qualified Team
Highly Qualified Team For personal use only Directors, Management and Consultants with a Track Record of Success John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking and legal sectors servicing the resources industry. Tim HRONSKY, Technical
Slide 12: Successful Exploration Creates Value
For personal use only Successful Exploration Creates Value 11
Slide 13: Mt Alexander – Favourable Location
Mt Alexander Favourable Location For personal use only Three Projects in Western Australia: • Stable and reliable mining jurisdiction MT ALEXANDER DISCOVERY • Exceptional discovery in Western Australia • High-grade nickel-copper sulphides Favourable Location: • Located S-SW of world class nickel and
Slide 14: Australia's Latest Nickel-Copper Sulphide Discovery
Australia’s Latest Nickel-Copper Sulphide Discovery For personal use only Large Shallow Depths Mineral System Mineralisation 30m from Ni-Cu sulphides over a surface with ongoing 4.5km strike of Cathedrals definition drilling; low cost Belt, with 100% success rate drilling and mining in testing EM co
Slide 15: Large Scale Mineral System
Large Scale Mineral System 4.5km strike of sulphide mineralisation at Cathedrals Belt For personal use only Mineralisation starts 30m from surface with potential for repetition and extension at depth Longer strike of mineralisation than Nova (circa. 1km strike) (see Presentation dated 15 May 201
Slide 16: Drilling Success Continues
Drilling Success Continues Wide intersections of high-grade Ni-Cu-Co-PGEs For personal use only 2017 – some of the best intersections (with assays): MAD71 (Stricklands Prospect): 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m, including 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.0
Slide 17: Investigators Prospect
Investigators Prospect Multiple high-grade hits over a 1,300m strike High powered SAMSON electromagnetic (EM) survey identifies large areas of EM conductivity For personal use only indicating potential for extensive sulphide mineralisation Testing of EM conductors is ongoing with drilling and do
Slide 18: Down Plunge at Investigators
Down Plunge at Investigators Down plunge strike of mineralisation extended by latest drilling Mineralised ultramafic dips to the north at an angle of about 30 degrees For personal use only Drilling down dip continues to intersect high-grade sulphides Drill hole MAD108 on the MAD60 section (app
Slide 19: Stricklands Prospect
Stricklands Prospect +400m strike of mineralisation with wide intersections For personal use only Multiple high-grade hits including drill hole MAD71: 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m including the massive sulphide zones of: 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and
Slide 20: Cathedrals Prospect
Cathedrals Prospect High grade mineralisation on two surfaces Numerous intersections of nickel-copper sulphides on two surfaces – the Cathedrals ultramafic and For personal use only the footwall fault below including MAD56: 7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m, includ
Slide 21: Metallurgical Testwork
Metallurgical Testwork Positive Results from Initial Met Testwork For personal use only High Recoveries from Ore: • >99% recoveries of Ni and Cu to concentrates from preliminary testwork on massive sulphides Clean Concentrate: • No deleterious elements like MgO, talc or arsenic Standard Flotation: •
Slide 22: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project For personal use only Shallow Mineralisation Existing Infrastructure Clean Concentrate Low cost drilling/ low Nearby processing High grade Ni and Cu cost potential mining plants plus cobalt and PGEs Well defined zones of Close to existing roads
Slide 23: St George Mining: creating shareholder wealth through exploration success
St George Mining: creating shareholder wealth through exploration success For personal use only Above: diamond drill rig at Stricklands, Cathedrals Belt. Right: Drill core from MAD108. 22
Slide 24: Disclaimer
DISCLAIMER: 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 targets, estimates a