St. George Mining Ltd. · ASX:SGQ

St. George Mining — Investor Presentation (February 2019)

25 slides from St. George Mining's investor presentation, Feb 14, 2019

  1. Slide 1: Building a High-Grade Nickel Sulphide Inventory in Western Australia

    Building a High-Grade Nickel Sulphide Inventory in Western Australia 14 February 2019 ASX: SGQ

  2. Slide 2: Growth Nickel Stock

    Growth Nickel Stock Building a High-Grade Nickel Inventory in a Rising Nickel Market Growth Focused GROWTH FOCUSED Nickel Sulphide NICKEL Explorer/Developer: SULPHIDE EXPLORER/DEVELOPER:  Outstanding discovery of high-grade nickel-copper-cobalt-PGEsatatMt  Outstanding discovery of high-grade nicke

  3. Slide 3: Corporate Overview

    Corporate Overview St George is listed on the ASX: Listed shares (SGQ): 298,116,211 Directors and Management with a Track Record of Success Listed options (SGQOB): 24,579,714 SGQOB - exercise price of 20c, expire 30 Sept 2020. John PRINEAS, Executive Chairman – founding shareholder with over 25 year

  4. Slide 4: Nickel Market Dynamics

    ST GEORGE MINING LIMITED Nickel Market Dynamics St George Mining Limited |

  5. Slide 5: Nickel Outlook

    Nickel Outlook Price Increases Forecast LME and SHFE stocks have fallen steadily from 370 kt in December 2017 to 200 kt today Clear upswing in cycle with increases in the nickel price set to continue Wood Mackenzie forecasts a long term price of US$21,000 /t Market dynamics are driven by:  Cyclical

  6. Slide 6: Electric Battery Revolution

    Electric Battery Revolution Nickel has most growth of battery metals Benchmark Mineral Intelligence, 5 February 2019, US Senate Committee:  70 lithium-ion battery megafactories under construction globally – in Oct 2017 the number was only 17  New plants almost exclusively designed to make NCM and

  7. Slide 7: Securing Nickel Supply

    Securing Nickel Supply • Private equity recognises significant valuation upside and is accumulating assets • Battery manufacturers are competing for supply by offering offtake finance and taking strategic stakes in miners The West, The West, 18 August 2018 14 Sept 2018 7

  8. Slide 8: High-Grade Discovery at Mt Alexander

    High-Grade Discovery at Mt Alexander 8

  9. Slide 9: World Class Address

    World Class Address Favourable Location: • Located S-SW of world class nickel and gold mines of the Agnew-Wiluna Belt • Close to infrastructure, processing plants, mining workforce & service industry • Suitable and reliable jurisdiction The Cathedrals, Stricklands and Investigators Prospects are loc

  10. Slide 10: Large Mineral System

    Large Mineral System • 200 sq km tenement package with multiple discoveries and targets • Potential to establish a nickel camp with several deposits • Cathedrals Belt:  East-northeast oriented belt  Three discoveries – the Investigators, Stricklands and Cathedrals Prospects – within a 4.5km sectio

  11. Slide 11: Exceptional Nickel-Copper Sulphide Discovery

    Exceptional Nickel-Copper Sulphide Discovery Cathedrals Belt Discovery at 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 (70% Pd,3

  12. Slide 12: Grade is King

    Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs 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 2.09g/t total PGEs from 39.3m; and 2.02m @ 5.05%Ni, 2.01%Cu, 0.21%Co and 3.31g/t total PGEs

  13. Slide 13: Extensions of High-Grade Mineralisation

    Extensions of High-Grade Mineralisation 13

  14. Slide 14: Investigators Prospect

    Investigators Prospect Unlocking a Major Mineralised System • High powered SAMSON electromagnetic (EM) survey identifies large areas of EM conductivity indicating potential for extensive sulphide mineralisation over an east-west strike of 1.5km • Mineralised ultramafic unit dips 30 degrees to the no

  15. Slide 15: Plunge Increased by Latest Drilling

    Plunge Increased by Latest Drilling Drilling and downhole EM surveys used concurrently to identify more high-grade mineralisation at depth • MAD60 Line (approx. 231225E) high-grade mineralisation starts at 30m below surface and has a plunge strike of 380m • High-grade mineralisation footprint now co

  16. Slide 16: More High-Grade Intersections

    More High-Grade Intersections Right: photo of drill core from MAD136 which intersected 20m of mineralised ultramafic; core shown is from the massive sulphide interval between 149.55m to 151.93m with average XRF readings of 8.1%Ni and 3.21%Cu (assays pending) Left: drill core tray for MAD127 at Mt Al

  17. Slide 17: 2019 Drilling Commences

    2019 Drilling Commences +5,500m RC drill programme begins in mid-February 2019 • Infill and extensional drilling planned for the Investigators Prospect to support resource definition • First ever drilling of the interpreted mineralised contact at the Fairbridge Prospect where nickel-copper sulphide

  18. Slide 18: New Targets

    New Targets West End: Below: The Cathedrals Belt is interpreted to extend from the western margin of the Investigators Prospect to the Ida Fault 2.5km to the west. The Belt dips underneath a paleochannel which could interfere with surface EM surveys. A line of holes will be drilled along the underco

  19. Slide 19: Mt Alexander Belt

    Mt Alexander Belt  Mt Alexander Belt is north-northwest trending with a strike of 7km  Historical drilling has intersected widespread nickel sulphides including massive sulphides  The priority area on the Mt Alexander Belt is the Sultans Prospect where two drill holes have intersected massive sul

  20. Slide 20: Project Development

    ST GEORGE MINING LIMITED Project Development St George Mining Limited |

  21. Slide 21: Metallurgical Testwork

    Metallurgical Testwork 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: • Separate nickel and copper concentrates produced by standard flo

  22. Slide 22: Opportunity for Low Cost/High Margin Project

    Opportunity for Low Cost/ High Margin Project Key project features support favourable project The location and quality of the Mt economics which will be assessed by Alexander Project presents: scoping/feasibility studies  Multiple potential development and processing options (subject to Shallow Min

  23. Slide 23: 2019 – Growth Initiatives

    2019 – Growth Initiatives Building a Resource Inventory Resource Definition: • Continue extensional and infill drilling to support delineation of a resource estimate Review Mining Potential: • Initiate studies to assess the potential for a low cost/high margin mining operation at Mt Alexander Region

  24. Slide 24: St George Mining: driving shareholder value through exploration success

    St George Mining: driving shareholder value through exploration success Above: diamond drill rig at Stricklands, Cathedrals Belt. Right: Drill core from MAD108. 24

  25. Slide 25: Disclaimer: Competent Person Statement

    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

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