St. George Mining Ltd. · ASX:SGQ
St. George Mining — Shareholder Meeting (November 2018)
31 slides from St. George Mining's shareholder meeting presentation, Nov 20, 2018
Slide 1: Building an Inventory at the Mt Alexander Nickel-Copper Sulphide Discovery
Building an Inventory at the Mt Alexander Nickel-Copper Sulphide Discovery 20 November 2018 ASX: SGQ
Slide 2: Strategic Objectives
ST GEORGE MINING LIMITED Strategic Objectives St George Mining Limited |
Slide 3: Emerging Nickel Company
Emerging Nickel Company St George is in the high growth phase of its corporate life Stage 3 Shareholder Value $$$ Stage 2 Stage 1 Methodical exploration to scope the scale of the discovery Acquisition of quality Drill, drill, drill with aim exploration project at of building a resource Mt Alexander
Slide 4: 2018 – The Year of Investigators
2018 – The Year of Investigators Best drill results to date increase grade and scale potential at Investigators MAD127 (XRF readings, assays pending): 12.02m of mineralisation from 180m including 6.39m @ 8.08%Ni and 5.06%Cu 184.2m MAD126 (XRF readings, assays pending): 14.37m of mineralisation from
Slide 5: Scale is Unfolding
Scale is Unfolding 25 drill holes completed at Investigators for 5,049m of drilling in 2018 to date Widespread nickel-copper sulphides intersected plus significant down plunge extensions to the north-northwest Left and Above: plan view map of Investigators set against SAMSON EM data. Pink/red areas
Slide 6: 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 7: Nickel Market Dynamics are Changing
Nickel Market Dynamics are Changing 7
Slide 8: Upswing in Cycle
Upswing in Cycle Decreasing Stockpiles Support a Rising Nickel Price: Chart: 10 year price chart against LME stockpiles shows clear long-term trend Glencore note “demand is much stronger than most market participants recognise, and the deficit is much higher than people think”, noting a substantial
Slide 9: EV Demand
EV Demand Nickel Demand Rises on Electric Vehicle Revolution • Nickel sulphide (Class 1 nickel) is required for EV batteries; nickel pig iron, etc (Class 2) is not suitable for batteries • 1Mt deficit in 2025 = price pressure UBS, Miner’s Price Review, June 2018: “EV battery demand is emerging faste
Slide 10: Nickel Price to Outperform
Nickel Price to Outperform LME Week, 8 October 2018 – 55% of metal traders vote nickel as the most exciting commodity for upcoming 12 months Macquarie Wealth Management, UBS, Miner’s Price Review, June 2018: 15 November 2018: Best Commodities on Risk/Return ? Nickel prices are at “unsustainably lo
Slide 11: St George – Corporate Overview
St George – Corporate Overview 11
Slide 12: Market Profile and Capital Structure
Market Profile and Capital Structure Listed shares (SGQ): 298,116,211 Share Ownership Listed options (SGQOB): 24,579,714 Top 10: 19% Top 20: 27% SGQOB - exercise price of 20c, expiring on 30 Sept 2020. Directors: 6% Market cap: A$42m (@14 per share) Cash: A$3.8m (at 30 Sept 2018) Largest Shareholder
Slide 13: Highly Qualified Team
Highly Qualified Team Directors, Management and Consultants with a Track Record of Success John PRINEAS, Executive Chairman – founding shareholder with over 25 years experience in mining, and the banking and legal sectors servicing the resources industry. Tim HRONSKY, Technical Director – over 25 ye
Slide 14: The Discovery at Mt Alexander
The Discovery at Mt Alexander 14
Slide 15: Mt Alexander
Mt Alexander Favourable Location Three Projects in Western Australia: • Stable and reliable mining jurisdiction MT ALEXANDER DISCOVERY • Exceptional discovery in Western Australia • High-grade nickel-copper sulphides in a low risk jurisdiction Favourable Location: • Located S-SW of world class nicke
Slide 16: 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 • Key hig
Slide 17: Large Mineral System
Large Mineral System • Investigators, Stricklands and Cathedrals Prospects are located within the 4.5km strike of the Cathedrals Belt – each with increasing resource potential • Definition drilling underway to fully scope the scale of the discovery Above: Mt Alexander tenements against RTP magnetics
Slide 18: Grade is King
Grade is King Wide intersections of high-grade Ni-Cu-Co-PGEs 2017 – some of the best intersections (with assays): 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 2.0
Slide 19: Extensions of High-Grade Mineralisation
Extensions of High-Grade Mineralisation 19
Slide 20: 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 Mineralised ultramafic unit dips 30 degrees to the north Drilling on three north-sout
Slide 21: 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) has down plunge strike of high- grade mineralisation to 320m DHEM in MAD119, a 150m step- out to the north, has identified a str
Slide 22: MAD111 Line
MAD111 Line Thickest Massive Sulphides at Investigators MAD126 and MAD127 - thick massive sulphides with +8%Ni and +4%Cu Strong EM conductors up-dip and down plunge (e.g. circa 200,000 Siemens) Channelised lava flow with likely extensions of mineralisation Above: Schematic cross section of the MAD11
Slide 23: Stricklands Prospect
Stricklands Prospect +400m strike with wide intercepts Multiple high-grade hits including drill hole MAD71: 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t PGEs from 37.45m, including the massive sulphide zones of: 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t PGEs from 39.3m; and 2.02m @ 5.05%Ni, 2
Slide 24: Cathedrals Prospect
Cathedrals Prospect High grade mineralisation on two surfaces Numerous intersections of nickel-copper sulphides on two surfaces – the Cathedrals ultramafic and the footwall fault below including MAD56: 7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m, including 3.15m @ 6.36%Ni, 2
Slide 25: 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 26: 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 27: Upside with Regional Exploration
Upside with Regional Exploration 27
Slide 28: Mt Alexander Belt
Mt Alexander Belt Underexplored belt with proven massive nickel sulphides Mt Alexander Belt is north-northwest trending with a strike of 7km Historical drilling has intersected widespread nickel sulphides including massive sulphides Prior drilling completed mostly as wide-spaced drill holes (u
Slide 29: Northern Areas
Northern Areas Potential for Parallel Mineralised Structures New high resolution magnetic data for the northern tenements – E29/548 and E29/954 – has recognised east-northeast structures parallel to the Cathedrals Belt These structures may represent ultramafic sequences similar to the Cathedrals
Slide 30: St George Mining: creating shareholder wealth through exploration success
St George Mining: creating shareholder wealth through exploration success Above: diamond drill rig at Stricklands, Cathedrals Belt. Right: Drill core from MAD108. 30
Slide 31: 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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