St. George Mining Ltd. · ASX:SGQ
St. George Mining — Investor Presentation (April 2011)
28 slides from St. George Mining's investor presentation, April 2011
Slide 1: Investor Presentation April 2011
Investor Presentation April 2011
Slide 2: Our Company
Our Company Company Details: Listed on ASX on 16 November 2010 Gold and nickel sulphide prospects for world class deposits Exciting prospects for uranium and rare earths at Pine Creek Directors: John Prineas – Executive Chairman Tim Hronsky – Technical Director Marcus Michael – Non-Execu
Slide 3: Project Locations
operty ST GEORGE MINING LIMITED TENNANT CREEK e Project Locations ALICE SPRINGS e LAVERTON e KALGOORLIE O e ST GEORGE MINING LIMITED St George Mining Limited |
Slide 4: East Laverton Property and Nickel Farm-in Agreement
East Laverton Property and Nickel Farm-in Agreement
Slide 5: East Laverton Property
East Laverton Property ERN AUSTRALIA © Warburton i STGEORGE INDIAN OCEAN oe SOUTHERN OCEAN
Slide 6: East Laverton Property
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Slide 7: New Developments – Project Dragon
New Developments – Project Dragon • Farmin Agreement with BHP Billiton for the nickel rights at the East Laverton Property • Extensive rare high MgO komatiites (ultramafic volcanics) at East Laverton • A material Ni discovery would be a “company- making” project for St George Mining
Slide 8: NiS – Need for Discoveries
NiS – Need for Discoveries • Large decline in new and material NiS discoveries • Existing mines are mature with declining resources • Some mines have specific metallurgical issues (high Mg, low Fe) • Accepted that Ni- laterite will not reverse this downward trend in nickel resources
Slide 9: Komatiite NiS Deposits are Rare
Komatiite NiS Deposits are Rare • Komatiite hosted Ni-S deposits have a very restricted distribution globally, only forming in a narrow timeframe in the Archean • Two of the three komatiite Ni belts in Australia are in the Eastern Goldfields and host the majority of Australia’s NiS resources: • Nors
Slide 10: High Value of Komatiite NiS Deposits
High Value of Komatiite NiS Deposits • Komatiite hosted NiS deposits are smaller in size and higher grade than disseminated NiS deposits • They are high profit margin, stand alone deposits that produce a clean Fe and low Mg concentrate • Disseminated NiS deposits have low Fe and high Mg • Smelting o
Slide 11: Project Dragon – The Potential
Project Dragon – The Potential • Project area is situated within southern extension of Ni and PGE rich Duketon ultramafic belt • Large landholding allows for multiple high value deposits in new NiS district – analogous to Kambalda in 1960’s • Multiple Ni-rich lava channels exist and may host NiS dep
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Slide 13: Farm-in Agreement
Farm-in Agreement • BHP Billiton may earn a 70% interest by sole funding a bankable feasibility study (BFS), with St George Mining free carried for its 30% interest up to completion of the BFS • The interest is earned over the nickel rights at 9 tenements covering 498 sq km, with BHP Billiton having
Slide 14: Gold Focus at East Laverton
Gold Focus at East Laverton • Dominant landholding of 1,810 sq km in the under-explored margin of the Yilgarn Craton • Highly favourable structural setting: Focused on the major Minigwal and Stella Range Faults which are cross-cut by a NE-SW tensional fault system, informally known as the “Tropicana
Slide 15: Gold Exploration
Gold Exploration • SGQ completed a regional (500m grid) MMI multi-element soil geochemical survey in 2010 • Infill sampling on a 50m spacing now completed on areas of interest • Two major new gold prospects discovered with potential for large scale deposits – Balmoral and Desert Dragon • Higher reso
Slide 16: Balmoral Au Prospect
Balmoral Au Prospect • New prospect with large geochemical footprint • Indicates zoned hydrothermal system with 12 km strike • Core zone is 3km x 2km and contains three prominent gold targets • Central Au + Ag + Mo + Cu geochemistry suggests magmatic involvement • Surrounding area with W + As + Sb g
Slide 17: Gold Targets
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Slide 18: Pine Creek Property
ST GEORGE MINING LIMITED ng Lin
Slide 19: Pine Creek Property
Pine Creek Property • SGQ’s Thunderbolt Gold Prospect discovered through Homestake’s regional diamond drilling program • Exploration model based on Homestake’s giant gold deposit at Lead, South Dakota (50+ M ozAu) • Material uranium discoveries in proximity: Thundelarra (ASX: THX) has a spectacular
Slide 20: Pine Creek Property
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Slide 21: Blue Thunder Gold Project
Blue Thunder Gold Project • Western part of Au-rich Pine Creek’s Central Domain • Excellent road, rail and gas pipeline infrastructure • On the under-explored Fenton Shear (the western margin of concealed Archean dome) • Parallel to Pine Creek Shear (the eastern margin of the Archean dome), with pro
Slide 22: Blue Thunder Gold Project
Blue Thunder Gold Project • Discovery hole FEND 18: [email protected] g/t Au (incl. higher grade zones) • FEND 14 (17 m @ 0.72 g/t Au) is 1.2 km from FEND 18 • Mineralisation open in all directions • Drill target for 2011 • Coincident Au + Co anomaly from MMI orientation survey over this mineralised area • G
Slide 23: White Strike Uranium Project
White Strike Uranium Project • On strike from U3O8 Thunderball discovery of WHITE STRIKE Thundelarra URANIUM PROSPECT _________________________________ Uranium anomaly (yellow) coincident • Radiometric anomaly: with margin of inferred underlying intrusive (pink) and intersection of regional NW strik
Slide 24: Exploration Program and Targets
Exploration Program and Targets
Slide 25: Exploration Targets
Exploration Targets Location Priority Prospects Initial Resource Actions in 2011 Target East Laverton Balmoral (Au) 1+ Moz Au Initial drilling East Laverton Desert Dragon (Au) 1+ Moz Au Ongoing drilling Pine Creek Thunderbolt (Au) 1+ Moz Au Initial drilling Pine Creek White Strike (U3O8) 2 M lbs U30
Slide 26: Loyalty Option Issue
ST GEORGE MINING LIMITED ng Lin
Slide 27: Loyalty Options
Loyalty Options Loyalty options, as outlined in the 2010 IPO Prospectus, to be issued around May 2011: to be issued to all shareholders on the register as at the record date (to be determined prior to option issue) one option for every two shares options will be issued at 1 cent each exercis
Slide 28: Disclaimer
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 an
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