St. George Mining Ltd. · ASX:SGQ
St. George Mining — Australian Nickel Conference 2019
20 slides from St. George Mining's conference presentation, Oct 15, 2019
Slide 1: High-Grade Nickel-Copper Sulphide Project in Western Australia
High-Grade Nickel-Copper Sulphide Project in Western Australia Australian Nickel Conference 15 October 2019 ASX: SGQ
Slide 2: Nickel Market – What Changed in 2019
Nickel Market – What Changed in 2019 Predictions of a stronger nickel price proven to be correct UBS, Miner’s UBS, Price Miner’s Review, Price 2019: LME & SHFE nickel stocks have fallen dramatically June Review, 2018 June 2018 600 SHFE (kt) LME (kt) US$/t $60,000 500 $50,000 “Inventory is falling, p
Slide 3: Nickel Price Outlook
Nickel Price Outlook The Next Nickel Boom is Forming Nickel market deficit growing since 2015 Nickel price history shows strong upswings YTD -102kt 150 such as in 1988 and 2006 100 50 A compelling scenario for the next strong 0 upswing: -50 -20 Market in deficit since 2015 -44 -100 Lack of new p
Slide 4: Nickel Market – Supply Challenge
Nickel Market – Supply Challenge Nickel requires substantial increase in reserve base to satisfy EV revolution Traditional demand from stainless steel continues Considerable structural demand growth for EVs to to grow at circa. 4-5% p.a. reshape industry Stainless Steel Batteries Very large stru
Slide 5: St George – Growth Nickel Stock
St George – Growth Nickel Stock Exploration success at Mt Alexander creates value Discovery of high-grade nickel-copper-cobalt-PGEs Drilling continues to expand the resource potential – shallow (30m from surface) deposits are being drilled out and down-plunge extensions are being proven New ta
Slide 6: Corporate Overview
Corporate Overview St George Mining is listed on the ASX St George Mining Ltd SGQ Directors and Management - Track Record of Success Listed Shares 368,311,265 Broad Shareholder John PRINEAS, Executive Chairman – founding Listed Options (20¢, 30 Sep 20) 24,576,114 Base with over 3,500 shareholder wit
Slide 7: High-Grade Discovery at Mt Alexander
High-Grade Discovery at Mt Alexander ASX: SGQ | St George Mining Limited 15 October 2019 7
Slide 8: World Class Address
World Class Address Next to the Majors’ backyard Mt Alexander – St George’s Flagship Nickel-Copper Sulphide Project • Highly prospective and strategic tenement holding next to Tier 1 assets • Located S-SW of world class nickel and gold mines of the Agnew-Wiluna Belt • Close to infrastructure, proces
Slide 9: Large Project Area
Large Project Area Nickel camp with several deposits 200 km2 tenement package: • Two fertile belts being explored with large unexplored prospective areas Cathedrals Belt (east-northeast oriented belt): • Discoveries at Investigators, Stricklands, Cathedrals and Radar Prospects – within a 5.5km secti
Slide 10: Cathedrals Belt
Cathedrals Belt Exceptional Discovery • Mineralisation from 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, 30%Pt) Key
Slide 11: Large Mineral System
Large Mineral System Extensive strike supports extensions of mineralisation at depth Radar discovery made in this drill programme – 1.2km east of known nickel-copper sulphides “If the system is this long, it must be deeper than currently defined: With Radar, the mineralised strike along the Cathedra
Slide 12: Deep Drilling Commences
Deep Drilling Commences Confirms the system is ‘live’ down-plunge with potential to host significant sulphide mineralisation MAD160 at Investigators intersected a 20m thick mafic-ultramafic unit from 248m downhole including disseminated and blebby sulphides in a 9m interval from 259m downhole Fo
Slide 13: Major Drilling Programme Continues
Major Drilling Programme Continues EM conductors and geological targets being tested • 42 EM conductors prioritised for drilling in this programme, 30 remain to be drilled • More conductors being identified by ongoing downhole EM surveys and moving loop EM surveys • Stratigraphic holes also being dr
Slide 14: Fish Hook Prospect
Fish Hook Prospect Potential new greenfields discovery Fish Hook covers an 8,000m eastern extension of the highly mineralised Cathedrals Belt, is largely untested by drilling and lies within a tenement 100% owned by St George Soil samples at Fish Hook return highly anomalous values for nickel, c
Slide 15: Grade is King
Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs From Width Ni Cu Co PGE Prospect Hole m m % % % g/t MAD71 37.5 17.45 3.0 1.3 0.13 1.68 Stricklands including 39.3 5.30 4.4 1.5 0.21 2.09 and 50.6 2.02 5.1 2.0 0.21 3.31 MAD56 57.8 7.50 3.9 1.7 0.12 3.32 Cathedrals including 61.8 3.15 6.4 2
Slide 16: Project Development
Project Development ASX: SGQ | St George Mining Limited 15 October 2019 16
Slide 17: Development Options
Development Options Scoping studies initiated Scoping studies to assess a potential mining proposal for Mt Alexander are being initiated: • Environmental studies have commenced • Additional consultants to be appointed soon Preliminary Metallurgical Testwork: High Recoveries from Ore: • >99% recoveri
Slide 18: Opportunity for Low Cost/High Margin Project
Opportunity for Low Cost/ High Margin Project Key project features support favourable project economics which will be assessed by scoping/feasibility studies Shallow Mineralisation: The location and quality of the Mt Alexander • Low cost drilling/low cost potential Project presents: mining Multipl
Slide 19: St George Mining Limited
St George Mining Limited Creating Shareholder Value through Exploration Success Photo: Diamond drilling at Mt Alexander for St George Mining by DDH1 Drilling ASX: SGQ | St George Mining Limited 15 October 2019 19
Slide 20: Competent Person Statement
Competent Person Statement 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 Institute of Mining and Metallurgy. Mr O’N