St. George Mining Ltd. · ASX:SGQ
St. George Mining — Corporate Update (February 2025)
30 slides from St. George Mining's corporate update, Feb 27, 2025
Slide 1: Completion of Araxá niobium-REE Project Acquisition
Investor Presentation - 27 February 2025 Completion of Araxá niobium-REE Project Acquisition 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: St George becomes a global player in niobium with the 100% acquisition of the Araxá Project
St George becomes a global player in niobium with the 100% acquisition of the advanced niobium-REE Araxá Project in Brazil - acquisition completed on 26 February 2025 ASX: SGQ | St George Mining Limited 3
Slide 4: Araxá Project – Investment Highlights
Araxá Project – Investment Highlights Acquisition of de-risked, world-class niobium-REE opportunity • Araxá is located in world’s leading district for niobium production and adjacent to the flagship Tier 1 location for niobium- operation of CBMM, the world’s largest niobium producer with ~80% of glo
Slide 5: Araxá Project
Araxá Project Uncovering another jewel in the Barreiro Carbonatite MOSAIC St George’s TIER 1 NIOBIUM LOCATION Facilities ARAXÁ Project • Araxá Project is located within the Barreiro Carbonatite complex – a 5km wide carbonatite hosting hard-rock niobium, REE and phosphate mineralisation • Surrounded
Slide 6: High-grade niobium from surface at Araxá
High-grade niobium from surface at Araxá More than 500 intercepts of significant >1% Nb2O5 mineralisation High-grade niobium in a selection of historical intersections (cut-off grade 1% Nb2O5) 1: Hole ID From (m) To (m) Interval Nb2O5 % Resources of the world’s only 3 primary niobium operating (m) m
Slide 7: 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 Refer to Appendix A for full list of references Canadian NI43-101 standards. St George is not to be seen as reporting or
Slide 8: World-class REE mineralisation at Araxá
World-class REE mineralisation at Araxá Thick intercepts of high-grade REE from surface High-grade REE in a selection of historical intersections (cut-off grade 2% TREO) 1: Hole ID From (m) To (m) Interval TREO % World-class carbonatite-hosted REE deposit at Mt Weld in (m) Australia2: IXVK7 surface
Slide 9: Widespread TREO from surface (cut-off grade 2% TREO)
Widespread TREO from surface (cut-off grade 2% TREO)1: Refer to Appendix A for full list of references ASX: SGQ | St George Mining Limited 9
Slide 10: Mineralisation open in all directions
Mineralisation open in all directions Only 10% of project areas drilled1 • High-grade niobium, REE and phosphate is widespread and open in all directions – with limited drilling beyond 50m from surface and only 10% of project area with close-spaced drilling • Prospective rocks in the carbonatite con
Slide 11: CBMM – Blue-chip neighbour
CBMM Blue-chip neighbour CBMM • St George’s Araxá Project shares tenement boundaries with CBMM’s niobium mine, which is the largest in the world • CBMM’s mine has been operating for more than 50 years • The Araxá Project and CBMM’s niobium mine are both situated within the Barreiro Carbonatite – a c
Slide 12: Araxá Project Development
Araxá Project Development • Ready to Deliver Value for Shareholders ASX: SGQ | St George Mining Limited 12
Slide 13: Project Delivery Team
Project Delivery Team In-country experts Brazil Team Director, ESG and Technical Development: Thiago Amaral Director, Corporate Development: Caue (Paul) Araujo Engineer with more than 17 years experience with CBMM including Head Experienced natural resources executive, previous roles include Global
Slide 14: Supportive State Government
Supportive State Government MoU signed to expedite project approvals • Expedited Licensing: St George on 30 October 2024 signed a non-binding Memorandum of Understanding with the State of Minas Gerais (Invest Minas) • The State will assist with progressing regulatory approvals in an accelerated mann
Slide 15: EPC contractor
EPC contractor MoU with global engineering services group • St George and the Xinhai Group – a global service provider to the mining sector with work performed at more than 2,000 mines in more than 100 countries – have signed a binding Memorandum of Understanding (“MoU”) to work together on the deve
Slide 16: Downstream processing programs
Downstream processing programs Partnerships to optimise processing solutions Co-venture with EMBRAPII and SENAI to optimise processing Partnership with SENAI, owner of the permanent magnet facility flowsheet unit Lab Fab St George and two of Brazil’s leading scientific agencies – EMBRAPII Lab Fab, l
Slide 17: Permitting of Araxá Project
Permitting of Araxá Project Leading consultants engaged Alger Consultoria e Assessoria Juridica (Alger) appointed to advise on socio-environmental and cultural heritage matters in connection with the licensing of proposed mining operations • Industry leading credentials for licensing – led by Mr Ger
Slide 18: Advancing the Araxá Project
Advancing the Araxá Project Initiatives underway with strong newsflow NEWSFLOW • Two mining concession applications and one exploration permit. Licencing progresses Permitting Process in 2025 • Engagement with Government and licensing authorities commenced. • Resource modelling commenced using exten
Slide 19: Niobium – Global supply concentration with only three producers
Niobium Global supply concentration with only three 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
Slide 20: 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 21: 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 22: Araxá Acquisition
Araxá Acquisition Completed on 26 February 2025 Niobium Dragon Pty Ltd, wholly owned subsidiary of St George, has acquired all the issued capital of Itafos Araxa The Acquisition Mineracao E Fertilizantes S.A (Itafos Araxa) which owns 100% of the Araxá Project US$21,000,000 payable by St George to It
Slide 23: Company Overview
Company Overview Led by an experienced Board, the share price has responded favourably to the Araxá acquisition Company Snapshot A$20 million capital raising ASX Code SGQ A$20m raise completed on 21 February 2025: • New shares issued at $0.02 per share Share Price (20 Feb 24) $0.032 • Free attaching
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 4: 1. Based on historical drilling. See Table 3 of our ASX Release dated 6 August 2024 for full list of historical significant drill results. Slide 9 Slide 5 1. Based on historical drilling. See Table 3 of our ASX Release dated 6 August 2024 1. For CBMM Araxa mine resou
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: Appendix C – References to previous announcements
Appendix C – References to previous announcements This ASX announcement contains information extracted from the following reports which are available on the Company’s website at www.stgm.com.au: • 6 August 2024 Acquisition of High-Grade Araxa Niobium Project • 20 August 2024 Key In-country Appointme
Slide 30: Competent Person Statement
Competent Person Statement The information in this ASX Release 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