31 slides from St. George Mining's merger presentation, Aug 6, 2024
Slide 1: Niobium. World class.
Presentation for the acquisition of the Araxa Project, Brazil 6 August 2024 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: 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 4: The Araxa opportunity
The Araxa opportunity Deal propels St George onto global niobium stage ASX: SGQ | St George Mining Limited 4
Slide 5: Araxa, Brazil
Araxa, Brazil Established mining district in the state of Minas Gerais TIER 1 MINING JURISDICTION • Minas Gerais, “General Mines” in English, has a stable mining jurisdiction with thousands of mines focused on a range of metals including iron ore, lithium, precious gems, rare earths and niobium Arax
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
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
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: Unique Opportunity for St George
Unique Opportunity for St George Positioned to be the world’s next niobium producer Well-established • Two mining concession applications and one exploration permit. Permitting Process • Environmental permit applications underway to finalise grant of mining concessions. Extensive historical drilling
Slide 19: The Araxa acquisition
The Araxa acquisition Deal highlights/capital raising ASX: SGQ | St George Mining Limited 19
Slide 20: The Acquisition: Key Terms
The Acquisition Key Terms 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 US$21,000,000 p
Slide 21: The Capital Raising: Key Terms
The Capital Raising Key Terms 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 subject to shareholder approval at a Gener
Slide 22: Timetable to Completion
Timetable to Completion Event Date Trading halt 2 August 2024 Commitments for fundraising finalised 5 August 2024 SGQ commences trading 6 August 2024 Settlement of shares – Tranche 1 placement 12 August 2024 Allotment of shares – Tranche 1 placement 12 August 2024 Notice of EGM issued 16 August 2024
Slide 23: 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 24: Company Overview
Company Overview Experienced leadership to deliver re-rating Board of Directors Management Executive Chairman: John Prineas Exploration Manager – Brazil: Wanderly Basso Founding director and chairman with more than 30 years Brazilian trained geologist with technical qualifications in Brazil experien
Slide 25: 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 Purcahse completion Drilling 5,000m Diamond drilling Maiden JORC resource Independent resource estimate Metallurgical study Met testwork Drilling – Resource Growth 3.000m diamond dril
Slide 26: Building a globally significant niobium-REE mining company
ST GEORGE MINING LIMITED Building a globally significant niobium-REE mining company ASX: SGQ | St George Mining Limited 26
Slide 27: Appendix A - References
Appendix A - References Slide 5 Slide 9 1. Niobium mine of CBMM (Companhia Brasileira de Metalurgia e Mineração) and 1. See Note 1 for Slide 6 phosphate mine of Mosaic (The Mosaic Company (NYSE:MOS)) Slides 10, 11 and 12 2. Itafos Inc – TSX-V: IFOS 1. Based on historical drilling. See Table 3 for fu
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: 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 30: 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 31: Competent Person Statement
Competent Person Statement The information in this Presentation that relates to historical results is based upon, and fairly represents, information and supporting documentation reviewed by Mr. Carlos Silva, Senior Geologist employed by GE21 Consultotia7 Mineral and a Competent Person Person who is