St. George Mining Ltd. · ASX:SGQ
St. George Mining — Battery Metals Conference, Perth 2019
27 slides from St. George Mining's conference presentation, Mar 21, 2019
Slide 1: Building a High-Grade Nickel Sulphide Inventory in Western Australia
Building a High-Grade Nickel Sulphide Inventory in Western Australia Battery Metals Conference, Perth 20 and 21 March 2019 ASX: SGQ
Slide 2: Growth Nickel Stock
Growth Nickel Stock Creating Shareholder Value through Exploration Success Growth Focused Nickel Sulphide Explorer/Developer: Outstanding discovery of high-grade nickel-copper-cobalt-PGEs at Mt Alexander Drilling continues to expand the footprint of mineralisation Located in one of the world’s
Slide 3: Nickel Market Outlook
Nickel Market Outlook Nickel is a Essential to the EV and Battery Revolution Compelling Scenario for Sustainable Price Increases: Demand for battery grade nickel predicted to increase 10x over next 10 years Stockpiles falling rapidly; deficits increasing Incentive price for supply response is
Slide 4: 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
Slide 5: Nickel Market Dynamics
ST GEORGE MINING LIMITED Nickel Market Dynamics St George Mining Limited |
Slide 6: A Small Number of Global Players
A Small Number of Global Players WA Is a Critical Source of Nickel Sulphide • WA has been a major global producer of high- grade nickel sulphide for several decades BUT production is falling 2018 – Global Nickel Sulphide New discoveries are needed for WA to • maintain global position Mine Production
Slide 7: Electric Revolution
Electric Revolution Investment Thematic “One of the most important global trends over the next decade and beyond will be the electrification of mobility, which will have massive ramifications for autos, batteries and the entire upstream battery supply chain.” “We see the miners as the perfect way to
Slide 8: Supply Challenge
Supply Challenge Reserves are Falling Nickel faces the biggest supply challenge of all battery metals: • Reserves are falling • Reserve life is lowest of all battery metals Nickel price needs to rise to incentive price – US$21,000/t – to generate investment in new project 8
Slide 9: EV Demand
EV Demand Big impact on nickel Left: Nickel demand will far exceed nickel production in any scenario of EV adoption LMO/LTO NMC 811 NCA NMC 532/622 NMC 111 Right: Nickel price will rise significantly in all scenarios of EV adoption Market Impact: BHP announces that 90% of nickel sulphide production
Slide 10: Nickel Price Outlook
Nickel Price Outlook Sustainable Price Increases LME and SHFE stocks have fallen steadily from 370 kt in December 2017 to below 200 kt today Clear upswing in nickel price driven by: Cyclical growth in demand plus structural change Traditional stainless steel demand for nickel up 5% in 2018 Str
Slide 11: High-Grade Discovery at Mt Alexander
High-Grade Discovery at Mt Alexander 11
Slide 12: 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
Slide 13: 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
Slide 14: 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
Slide 15: 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
Slide 16: Extensions of High-Grade Mineralisation
Extensions of High-Grade Mineralisation 16
Slide 17: 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
Slide 18: 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
Slide 19: 2019 Drilling Commences
2019 Drilling Commences Major RC drill programme underway – increased from +5,500m to +8,000m with a second drill rig mobilising to site • Infill and extensional drilling planned for the Investigators Prospect to support resource definition • First ever drilling of the interpreted mineralised contac
Slide 20: Fairbridge Prospect
Fairbridge Prospect Highly Chargeable Anomalies • Chargeable anomalies may be associated with sulphide gossans at surface and/or the massive nickel- copper sulphides discovered at the adjacent Cathedrals and Stricklands Prospects • Early results confirm nickel sulphide mineralisation in ultramafic:
Slide 21: 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
Slide 22: Project Development
ST GEORGE MINING LIMITED Project Development St George Mining Limited |
Slide 23: 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
Slide 24: 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
Slide 25: 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
Slide 26: St George: Creating Shareholder Value through Exploration Success
St George: Creating Shareholder Value through Exploration Success GROWTH FOCUSED NICKEL SULPHIDE EXPLORER/DEVELOPER: Outstanding discovery of high-grade nickel-copper-cobalt-PGEs at Mt Alexander Drilling continues to expand the footprint of mineralisation Located in one of the world’s largest
Slide 27: 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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