Price Target Changed • Mar 16
Price target increased by 25% to AU$0.26 Up from AU$0.21, the current price target is an average from 3 analysts. New target price is 95% above last closing price of AU$0.14. Stock is up 611% over the past year. The company is forecast to post a net loss per share of AU$0.0057 next year compared to a net loss per share of AU$0.0068 last year. New Risk • Mar 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$393k revenue, or US$275k). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$30m net loss in 3 years). Breakeven Date Change • Mar 16
No longer forecast to breakeven The 3 analysts covering St George Mining no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$7.14m in 2028. New consensus forecast suggests the company will make a loss of AU$7.14m in 2028. New Risk • Mar 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$33m Forecast net loss in 3 years: AU$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$393k revenue, or US$275k). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$22m net loss in 3 years). New Risk • Feb 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$93k revenue, or US$66k). Announcement • Nov 28
St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 22.5 million. St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 22.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 225,000,000
Price\Range: AUD 0.1
Transaction Features: Subsequent Direct Listing Breakeven Date Change • Oct 29
Forecast to breakeven in 2028 The 2 analysts covering St George Mining expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$288.0k in 2028. Average annual earnings growth of 47% is required to achieve expected profit on schedule. Announcement • Oct 28
St George Mining Limited, Annual General Meeting, Nov 26, 2025 St George Mining Limited, Annual General Meeting, Nov 26, 2025. Location: at the melbourne hotel, 33 milligan street, perth wa 6000 Australia Announcement • Oct 17
St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million. St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.00036
Transaction Features: Subsequent Direct Listing Announcement • Oct 13
St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.00036
Transaction Features: Subsequent Direct Listing New Risk • Sep 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Revenue is less than US$1m (AU$90k revenue, or US$60k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$9.0m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Aug 05
St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3360. St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3360.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 88,422
Price\Range: AUD 0.038
Transaction Features: Subsequent Direct Listing Announcement • Jul 25
St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: ordinary shares
Security Type: Common Stock
Securities Offered: 131,578,948
Price\Range: AUD 0.038
Transaction Features: Subsequent Direct Listing New Risk • May 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings are forecast to decline by an average of 8.4% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (170% increase in shares outstanding). Revenue is less than US$1m (AU$90k revenue, or US$58k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$9.0m net loss in 2 years). Market cap is less than US$100m (AU$74.7m market cap, or US$48.2m). New Risk • Mar 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 170% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (170% increase in shares outstanding). Revenue is less than US$1m (AU$90k revenue, or US$56k). Minor Risk Market cap is less than US$100m (AU$50.7m market cap, or US$31.9m). Board Change • Jan 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Advisor to the Board Adolfo Sachsida was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 05
St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Dec 03
St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Announcement • Oct 18
St George Mining Limited, Annual General Meeting, Nov 26, 2024 St George Mining Limited, Annual General Meeting, Nov 26, 2024. Location: at the melbourne hotel, 33 milligan street, perth wa 6000 Australia New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 2.0% per year over the past 5 years. Revenue is less than US$1m (AU$6.1k revenue, or US$4.0k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$40.5m market cap, or US$26.3m). Announcement • Aug 06
St George Mining Limited Announces Resignation of Kecheng Cai as Non-Executive Director St George Mining Limited announced that Mr. Kecheng Cai has resigned as a Non-executive Director of the Company with effect from 6 August 2024. Mr. Cai joined the Board in January 2024 and has provided valuable guidance in regard to the Company's strategy to expand its portfolio of critical metals projects. New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 2.0% per year over the past 5 years. Revenue is less than US$1m (AU$6.1k revenue, or US$4.1k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$25.7m market cap, or US$17.1m). New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$10m free cash flow). Earnings have declined by 2.0% per year over the past 5 years. Revenue is less than US$1m (AU$20k revenue, or US$13k). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$21.7m market cap, or US$14.4m). Announcement • Nov 21
St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,473,684
Price\Range: AUD 0.038
Discount Per Security: AUD 0.00228
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,157,895
Price\Range: AUD 0.038
Discount Per Security: AUD 0.00228
Transaction Features: Subsequent Direct Listing Announcement • Nov 11
St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. St George Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,473,684
Price\Range: AUD 0.038
Discount Per Security: AUD 0.00228
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,157,895
Price\Range: AUD 0.038
Discount Per Security: AUD 0.00228
Transaction Features: Subsequent Direct Listing Announcement • Nov 10
St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. St George Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 78,947,368
Price\Range: AUD 0.038
Transaction Features: Subsequent Direct Listing Announcement • Oct 17
St George Mining Limited announced that it expects to receive AUD 3 million in funding from Amperex Technology Limited St George Mining Limited announced that it has has entered into a joint venture deal and private placement to issue 3,000,000 shares at an issue price of AUD 1 per share for the gross proceeds of AUD 3,000,000 on October 16, 2023. The transaction will include participation from new investor Amperex Technology Limited. Announcement • Oct 16
St George Mining Limited, Annual General Meeting, Nov 21, 2023 St George Mining Limited, Annual General Meeting, Nov 21, 2023, at 10:00 W. Australia Standard Time. Location: The Melbourne Hotel, 33 Milligan Street, Perth WA 6000 Perth WA 6000 Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider Adoption of Remuneration Report; to consider Re-election of Director Sarah Shipway; to consider Ratification of prior issue of Option Shares; to consider Ratification of prior issue of Acquisition Shares; and to consider Approval of 7.1A Mandate. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Earnings have declined by 6.0% per year over the past 5 years. Revenue is less than US$1m (AU$21k revenue, or US$14k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$33.0m market cap, or US$21.2m). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$8.5m free cash flow). Earnings have declined by 6.0% per year over the past 5 years. Revenue is less than US$1m (AU$21k revenue, or US$13k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$36.4m market cap, or US$23.2m). Announcement • Feb 06
St George Mining Limited Announces Lithium Exploration Recommences At Mt Alexander St George Mining Limited announced this year's field programme for lithium exploration has commenced at its Mt Alexander Project in WA's Goldfields. Field exploration to identify high-grade lithium bearing pegmatites resumed at Mt Alexander on 15 January 2023. The field mapping and systematic sampling programme is occurring over the numerous outcropping pegmatites across the project tenure. The area currently being explored is focused on the north-east margins of Exploration Licences 29/962 (100% St George) and 29/638 (75% St George: 25% IGO) as well as the area of the newly acquired E29/1143 (100% St George) that hosts the contact with the Copperfield Granite. To date, 123 samples have been collected and submitted for laboratory assay in 2023. The work indicates that the mapped surface widths of the pegmatites can be up to 20m and that the pegmatites dip moderately to the north. The exact nature of the pegmatites will be determined through drilling. The mapping and sampling programme has targeted outcropping pegmatites covering an area of approximately 36 sq km, which continues to increase the prospective footprint for potential lithium mineralisation within the project. The latest assays for rock chip samples collected from pegmatite outcrop continue to demonstrate the prospectivity of the project area. In addition to high-grade lithium, the geochemistry of rock chip samples returned strongly promoted levels of caesium, tantalum and rubidium - a geochemistry highly indicative of fractionated pegmatites prospective for lithium mineralisation. A major lithium drill programme is scheduled to commence later this month with more than 20,000m of drilling scheduled for H1 2023. There is capacity to escalate the drill programme in response to drill results. the broad area that will be targeted in the first phase of the 2023 drilling. This area hosts the repetitive and stacked lithium-bearing pegmatite outcrops that were drill tested in the initial lithium drill programme completed late last year. The next phase of drilling will include a substantial programme testing down dip and along strike from the initial drill holes at the Jailbreak Prospect as well as testing new target areas within the pegmatite corridor. The following work programmes are current and/or planned for 2023. The experienced significant delays with laboratory assays and now expect to receive final assays during February. 1. Assays for soil surveys at E29/962. These have the potential to identify a lithium signature in an area where pegmatites are not exposed due to cover. 2. Assays for completed rock chip sampling of pegmatites. 3. Assays for the 2022 RC and diamond drilling programmes. 4. Further field mapping and rock chip sampling, already underway. Announcement • Dec 22
St George Mining Limited Announces Further Encouraging Results from Lithium Exploration At Its Mt Alexander Project St George Mining Limited announced further encouraging results from lithium exploration at its Mt Alexander Project in WA's Goldfields, confirming the lithium prospectivity at the Project. Maiden lithium drilling: St George's first-ever lithium drilling was focused on testing several lithium-bearing pegmatite outcrops at the Jailbreak Prospect. Drilling has confirmed that the pegmatites extend from surface up to depths of 200m. The pegmatites dip to the north with variable orientation from moderate to steeply dipping. In total, 23 drill holes - both RC and diamond - were completed to target pegmatites for 2,409m drilled. Of those, 20 drill holes intersected pegmatites. The successive pegmatites tested appear to be stacked across the 1.7km strike creating a broad zone of mineralisation. Further drilling will be designed to explore the geometry and scale of these pegmatite bodies. Based on the intersection angle of the drilling with the modelled pegmatites, downhole widths noted above are interpreted to be close to true widths. Geological logging is based on visual interpretations and should not be considered a substitute for analysis, which is required to determine grade and widths for geological reporting. Rock-chip sampling continues to identify prospective pegmatites: Laboratory assays for 79 rock chip samples from pegmatite outcrops at E29/638 (75% St George: 25% IGO) have returned assays indicating the presence of fractionated pegmatites that are prospective for lithium mineralisation. The geochemistry of these pegmatites is indicative of pathfinder elements for lithium-bearing pegmatites. The identification of these pegmatites, located north of the drilling completed so far, provides strong encouragement for the overall prospectivity for lithium-bearing pegmatites occurring in the northern extent of the greenstone belt within the Project area. The K:Rb ratio derived from recent assays highlight the prospectivity of the northern pegmatites. The ratio is an indicator of a fractionated pegmatite, where the pegmatite melt has evolved as it moves further form its source granite. The lower the K:RB ratio, the more fractionated and prospective the pegmatites. The occurrence of these fractionated pegmatites in clusters is highly encouraging for the potential for high-grade lithium mineralisation to be associated with these pegmatites. Drilling in 2023 will be designed to test these areas below surface. Nickel targets: Three RC drill holes and two diamond drill holes were completed to test nickel targets. These drill holes intersected intervals of massive and semi-massive sulphides but no apparent nickel sulphide mineralisation. The intervals from these holes with sulphides have been sampled and will be submitted for assaying to test for base metal mineralisation and/or pathfinder elements. These drill holes have also been cased with downhole electromagnetic surveys in progress to investigate for the potential of conductive bodies around the drill holes. MAD212 was drilled to test EM plate P1 at the Manta Prospect and was completed to 405.6m downhole. The drill hole intersected intercalating sulphidic sediments and ultramafics from 260m to 338m downhole. Intensive alteration logged throughout this zone and in contact with intruding granites is indicative of a complex structural setting that still has the potential to host either nickel or base metal occurrences. MAD213 was drilled to test a strong seismic reflector and was completed to 799m downhole. The drill hole intersected predominantly granite rocks. Preliminary logging indicates the hole does not contain a source for the reflector and there is no indication that the seismic target has been tested. Interpretations to resolve the source of the reflector are ongoing. Ongoing work programmes: With more than 13km of the pegmatite corridor and additional licences yet to be effectively explored, the Company will start the New Year with an aggressive work programme. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director John Dawson was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 05
St George Mining Limited Announces Drilling Intersects Pegmatites with Visible Lithium St George Mining Limited announced further highly encouraging results from lithium exploration at its Mt Alexander Project in WA's Goldfields, including early indications that the maiden drill programme has intersected lithium- bearing pegmatites below surface. Surface mapping and rock-chip sampling have identified numerous lithium-bearing pegmatite outcrops at the Jailbreak Prospect. The drill programme now underway will test several models to provide an understanding of the continuity of the pegmatites below surface, including their geometry and grade. Their interpretation is that the pegmatites dip to the north. Drilling of the first pegmatite outcrop - which is 20m thick at surface - confirmed the orientation. Drill hole MARC153 intersected 13m of pegmatite from 14m downhole depth and is interpreted to have drilled orthogonal into the pegmatite. Assay results are pending. Initial drill holes have been successful in intersecting pegmatites at depth within Jailbreak. So far, ten RC holes have been completed for a total of 945m. Two pegmatites have been intersected below surface with a maximum intercept of 13m in hole MARC153. All pegmatites intersected to date haveconfirmed visual lithium-bearing minerals by St George geologists. The first batch of samples from RC drilling has been sent to the laboratory to confirm grades. Based on the rapidly evolving interpretation of the geology of Jailbreak, two target areas have been identified as the focus for ongoing drilling: A 1.7km section of a north-south trending ultramafic sequence hosting stacked pegmatite dykes; and More than 3km of an east-west structural corridor extending eastwards to the Copperfield Granite source rocks. Based on the intersection angle of the drilling with the modelled pegmatites, downhole widths noted above are interpreted to be close to true widths. Geological logging is based on visual interpretations and should not be considered a substitute forlaboratory analysis, which is required to determine grade and widths for geological reporting. Expanding project area with high-grade lithium bearing pegmatites: Laboratory assays for the second batch of rock chip samples from pegmatite outcrops comprised 42 samples, with 13 samples returning lithium values of more than 1% Li2O. More than 100 samples have been submitted for assay with results pending. The latest rock chip assays have significantly expanded the area with pegmatite outcrop that has been confirmed as lithium-bearing. The significant width and extent of the area of outcropping pegmatites suggests the potential for a large lithium mineral system with multiple deposits. Announcement • Oct 26
St George Mining Limited Announces Update on Lithium Drilling Underway At Mt Alexander Project St George Mining Limited announced that drilling has commenced at its Mt Alexander Project to test below numerous widespread pegmatite dykes, which are interpreted as highly prospective for lithium mineralisation. In total, 20 RC holes for approximately 2,000m are planned as an initial test down-dip from outcropping pegmatites at the Jailbreak Prospect. In addition, approximately 1,500m of diamond drilling is planned to test new nickel targets generated by recent electromagnetic (EM) and seismic surveys in the Manta Prospect area, then follow up lithium targets in the Jailbreak Prospect area. Additional RC and diamond drilling will be implemented pending a review of drill results.The downhole depths of RC drill holes for lithium targets will range between 60m and 150m. Deeper holes at the lithium targets will be completed by the diamond rig, with drill core providing a clearer picture of the mineralogy and zonation of the lithium mineral system. Laboratory assays are expected to be progressively available within four to five weeks. The geological setting of the pegmatites mapped at Mt Alexander is interpreted to be similar to thesignificant pegmatite-hosted lithium discovery made by Red Dirt at its Mt Ida Project, approximately 15km south of Mt Alexander. The geochemsitry of rock chip samples from the pegmatites at Mt Alexander indicates fertility forlithium, caesium and tanatalum (LCT) pegmatites. Assays for rock chips samples from the Jailbreak Prospect returned up to 2.7% Li20, 715ppm Cs, 166ppm Ta2O5 and 1.37% Rb. Drilling is designed to test below these prospective pegmatites to confirm the continuity and thickness of the pegmatites below surface. Deeper diamond drill holes will be completed to acquire drill core that can provide more detailed data on orientation and mineral zonation within the pegmatites. The province around Mt Ida is emerging as a new lithium province following the significant high- grade lithium discovery by Red Dirt at its Mt Ida Project in September 2021. In addition to St George and Red Dirt, significant exploration is underway in this region by: Zenith Minerals in joint venture with EV Metals plc - see ASX Releases by Zenith dated 23 May 2022 - New Lithium Exploration Project Secured and 11 October 2022 - Zenith Commences Lithium Drilling; Hawthorn Resources in joint venture with Hancock Prospecting; Hancock executes agreement for nickel, lithium and copper at Mt Bevan Project. The lithium prospectivity of this region is interpreted to be associated with the large Copperfield Granite. The prospective LCT pegmatite corridor is interpreted between the contact with the Copperfield Granite in the east and the Ida Fault in the west. Announcement • Oct 12
St George Mining Limited Announces High-Grade Lithium Results at Mt Alexander St George Mining Limited announced that first assays of visibly mineralised pegmatite rock chip samples from its Mt Alexander Project have confirmed high-grade lithium, to provide further validation of the potential that the Project hosts significant lithium mineralisation. Similar visual lithium-bearing samples have now been collected from an area that extends up to 1.7km north-south and 1.4km west, with assays awaited from these samples. The purple lithium-bearing mineral lepidolite has been observed in many weathered pegmatite outcrops at Jailbreak together with occurrences of spodumene and other lithium bearing minerals such as eucryptite. Lepidolite is a strong indicator of the potential for spodumene, petalite and other key lithium minerals occurring in fresh rock below and along strike from these outcrops. Also of significance is a high rubidium value (0.6% Rb) from a rock chip sample taken from sub-cropping pegmatites near the eastern boundary of E29/962. Rubidium is often an indicator element for lithium mineralisation in weathered terrains like those at Mt Alexander. The high rubidium value is >2km east along strike from the pegmatite outcrops which host the high-grade lithium assays reported for samples MARK152-2 and MARK152-3. The width and extent of the area of outcropping pegmatites at Jailbreak suggests the potential for a lithium mineral system that could host significant mineralisation. The Jailbreak area forms part of the 15km long LCT pegmatite corridor interpreted within the Company's tenements. Numerous stacked pegmatite dykes have been identified along this corridor. Many pegmatites have now been mapped and sampled with assays pending. Soil survey: The east-west trending pegmatites observed on E29/962 are interpreted to potentially extend under cover to the east, towards the Copperfield Granite. This area is directly along strike from the lithium occurrences at Red Dirt's ground to the south, making it a high priority area of interest. A soil survey of 200m line spacing x 100m sample spacing has been completed over this area with 456 samples collected. Assays are pending and will assist in identifying any geochemical signature that may be indicative of the presence of lithium bearing pegmatites below cover. Next steps: Assays from more rock chip samples and soil samples are expected to be received over the coming weeks. These results will allow St George to finalise a reverse circulation drill programme to test the outcropping pegmatites at depth - to confirm their orientation and the extent of any high-grade lithium mineralisation continuing below surface. Earthworks for the upcoming maiden lithium drill programme are scheduled to commence in late October 2022. The start of drilling is scheduled for late October/early November. New lithium province: The province around Mt Ida is emerging as a new lithium province since the significant high-grade lithium discovery by Red Dirt at its Mt Ida Project in September 2021. In addition to St George and Red Dirt, significant exploration is underway in this region by: Zenith Minerals in joint venture with EV Metals plc - see ASX Releases by Zenith: dated 23 May 2022 - New Lithium Exploration Project Secured, and dated 11 October 2022. Zenith Commences Lithium Drilling: Hawthorn Resources in joint venture with Hancock Prospecting - see ASX Release by Hawthorn Resources dated 29 August 2022 - Hancock executes agreement for nickel, lithium and copper at Mt Bevan Project, Further north of Mt Alexander and situated adjacent to the Mt Ida fault, the large Kathleen Valley lithium deposit of Liontown Resources is in development. The lithium prospectivity of this region is interpreted to be associated with the large Copperfield Granite. The prospective LCT pegmatite corridor is interpreted between the contact with the Copperfield Granite in the east and the Ida Fault in the west. The Mt Alexander Project is located 120km south-west of the Agnew-Wiluna Belt, which hosts numerous world-class nickel deposits. The Project comprises six granted exploration licences - E29/638, E29/548, E29/962, E29/954, E29/972 and E29/1041 - which are a contiguous package. An additional two exploration licences - E29/1093 and E29/1126 - are located to the south-east of the core tenement package. The Cathedrals, Stricklands, Investigators and Radar nickel-copper-cobalt-PGE discoveries are located on E29/638, which is held in joint venture by St George (75%) and IGO Limited (25%). St George is the Manager of the Project, with IGO retaining a 25% non-contributing interest (in E29/638 only) until there is a decision to mine. All other Project tenements are owned 100% by St George. Announcement • Oct 06
St George Mining Limited, Annual General Meeting, Nov 09, 2022 St George Mining Limited, Annual General Meeting, Nov 09, 2022, at 10:00 W. Australia Standard Time. Location: The Melbourne Hotel, 33 Milligan Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider re-election of Director - Mr. John Dawson; to consider approval of 7.1A Mandate; to consider adoption of performance rights and options plan; and to consider other matters. Announcement • Sep 20
St George Mining Limited Announces Expansion of Lithium Potential At Mt Alexander St George Mining Limited announced further significant positive results from the lithium exploration programme at its Mt Alexander Project, located in the north-eastern Goldfields of Western Australia. Lithium potential at Mt Alexander: Initial rock chip sampling of pegmatite outcrop at Mt Alexander confirmed a geochemistry indicative of lithium, caesium and tantalum (LCT) fertile pegmatites. In particular, assays returned high values of rubidium - a key indicator of fertile pegmatites in weathered terrains such as the Mt Ida lithium province. For further details of the initial rock chip sampling. An expanded field mapping and rock chip sampling programme is ongoing to identify areas for additional pegmatites and drilling. The current programme is focused on two tenements where extensive pegmatite outcrops continue to be mapped - E29/638 (75% St George; 25% IGO) and E29/962 (100% St George). The east-west striking pegmatite dykes mapped at these tenements occur along a north-south trending corridor parallel with the Copperfield Granite, which may be a source of the pegmatites. This pegmatite corridor extends for more than 15km across St George's tenure and can be traced southwards to the area hosting lithium discoveries announced by Red Dirt at its Mt Ida Project. Given the early success of expanded field programme, St George's maiden drill programme for lithium targets will be scheduled for fourth quarter 2022. More fertile pegmatites identified: To date, 69 rock chip samples have been collected from E29/638 and 50 samples from E29/962 in the second phase of mapping and sampling programme. The samples will be submitted for laboratory assay to check for the presence of lithium and other pathfinder elements for lithium mineralisation. In addition, selected samples will undergo analysis by portable XRD spectrometer - this can provide a semi-quantitative report on the mineralogy of rock samples including confirmation of any spodumene and lepidolite content. Importantly, mineralogy considered highly prospective for lithium minerals has been visually identified in numerous samples collected from five pegmatite dykes sampled to date on E29/962. These prospective pegmatites have an east-west strike of up to 400m and occur along a 1.7km interval of the LCT Pegmatite corridor. The width and extent of these outcropping pegmatites suggests the potential for a lithium mineral system that could host significant mineralisation at depth. Field mapping in the area is ongoing. A section of the LCT Pegmatite corridor within E29/962 is poorly exposed. This area is directly along strike from the lithium occurrences at Red Dirt's ground to the south and warrants further investigation for the potential of prospective pegmatites, some of which may be under shallow cover. A soil survey of 200m line spacing x 100m sample spacing is underway in this area to test for a geochemical signature that may be indicative of the presence of lithium bearing pegmatites. Announcement • Sep 07
St George Mining Limited Announces Significant Lithium Potential at Mt Alexander St George Mining Limited announced the significant exploration potential for lithium pegmatite mineralisation extending south from its high-grade Mt Alexander Ni-Cu-PGE Project located in the north-eastern Goldfields of Western Australia. Reconnaissance field work at Mt Alexander confirms fertile pegmatites: Assays for the initial rock chip sampling of pegmatite outcrop at Mt Alexander have confirmed a geochemistry indicative of lithium, caesium, tantalum (LCT) fertile pegmatites. 45 rock chip samples were collected during preliminary mapping in selective areas across the 15km strike of the prospective pegmatite outcrops. Anomalous values for lithium, caesium and tantalum were noted in numerous samples with up to 157ppm Li, 44ppm Cs and 125ppm Ta. The pegmatite outcrops at Mt Alexander are generally highly weathered. In this kind of terrain, key indicator elements such as rubidium are considered reliable pathfinders as lithium may have weathered out at surface. Assays for rock chip samples at Mt Alexander returned highly anomalous values for rubidium of up to 0.6% Rb in a strongly weathered pegmatite. Anomalous rubidium signifies the presence of a differentiated pegmatite, which is a key feature for indicating the potential of the pegmatite to be lithium bearing. Field mapping at Mt Alexander has identified numerous east-west striking pegmatite dykes outcropping across an area extending over 15km north-south, along the greenstone belt west of the Copperfield Granite. This geological setting, including the east-west strike of the pegmatite dykes, is very similar to the lithium discovery by Red Dirt at its Mt Ida Project, along strike south-east from St George's tenements. Further sampling and field mapping underway: St George has commenced a detailed field exploration campaign at Mt Alexander to define targets for drill testing. The field work includes mapping and systematic sampling of the numerous outcropping pegmatite dykes along the belt. The width at surface of the pegmatites mapped to date is up to 15m though the true thickness is not yet known because of the uncertainty of the dip angle. This will be further clarified by the current field mapping. Importantly, the prospective pegmatite outcrops have the width and strike that could provide scale to any potential discovery. Targets for drill testing will be finalised once results of the field campaign are assessed. The maiden drill programme for the lithium targets is scheduled to commence in Fourth Quarter 2022. Announcement • Sep 01
St George Mining Limited Announces New Highly Prospective Nickel Sulphide Targets Identified At Mt Alexander Project St George Mining Limited reported significant new results from geophysical surveys completed at its Mt Alexander Project in Western Australia. Geophysical programme generates pipeline of targets: Three 2D seismic lines were completed encompassing 13-line kilometres. Processing and modelling of the seismic data is being undertaken by external consultants at Rock Solid Seismic. The moving loop EM (MLEM) survey utilised an ARMIT sensor and was completed with 200m close line spacing and 100m stations. Modelling and interpretation of the EM data is being completed by external consultants at Newexco. Radar Prospect: Radar is located in the eastern extension of the Cathedrals Belt which remains underexplored. The Radar mineralised intercepts include MAD152 which returned 4.0m at 3.0%Ni, 1.1% Cu, 2.2g/t PGE from 48m. The MLEM survey over Radar has identified a strong EM anomaly to the south of the MAD152 discovery; The large response is yet to be constrained and will require follow up FLEM to determine the position of the source. It is currently located to the south of the east-west trending Cathedrals Belt, suggesting that the new EM anomaly could represent a repetition of the Cathedrals Belt mineralisation. The new EM anomaly is coincident with a strong magnetic anomaly further supporting the exploration of this target for nickel sulphide mineralisation. The existing nickel sulphide discoveries along the Cathedrals Belt are all coincident with strong magnetic features. Sultans Prospect: A discrete area of the Sultans Prospect was covered by the MLEM survey, located to the north of the Sultans discovery hole that returned 1.3m at 1.9% Ni and 0.3% Cu from 114.9m (MAD001). Two large EM anomalies were modelled over two survey lines at the Sultans Prospect. The survey was designed to test an area of minimal drilling where the ultramafic units are thickest and potentially channelised - a textbook setting for komatiitic nickel sulphides. The survey lines were unable to be completed due to difficult terrain but the preliminary data acquired suggests the strong responses have a large and thick conductive source. A follow up FLEM survey is planned to better define the EM response and distinguish any discrete strong conductors within the broader EM response that may be related to nickel sulphides. West End Prospect: A number of EM responses were recorded in the survey completed over the West End Prospect and are considered to be more likely associated with conductive cover rather than bedrock conductors. A review of the data is ongoing but at this stage no targets warranting follow-up exploration have been identified in this area. Next steps: A FLEM survey will be completed over the new EM anomalies to provide data that will enable final modelling of the targets. Drilling of the targets is expected early in fourth quarter 2022, subject to completion of the FLEM survey. Announcement • Aug 23
St George Mining Limited Provides Exploration Update at its 100% Owned Paterson Project St George Mining Limited provided an update on the diamond drill programme at its 100% owned Paterson Project, in the East Pilbara region of Western Australia. This maiden diamond drill programme was a major escalation of the company's greenfields exploration at the Paterson Project and tested priority structural targets for the potential to host large copper-gold systems. A further three drill holes PDD006, PDD007 and PDD008 have been completed since the company's ASX Release dated 13 July 2022 titled Drilling Update for the Paterson Project. HIGHLIGHTS: A further three drill holes completed in St George's maiden diamond drilling programme at the Paterson Project - Initial geological observations of the drill core indicate a structural and alteration environment with potassic rich granites intruding host sediments through brittle deformed faults and vein structures - Drill core samples have been submitted for petrographic analysis with laboratory assays underway - First stage diamond drilling at the Paterson Project has been completed with follow-up drilling to be planned once assays and petrography are assessed - Exploration field work focus now shifts to Mt Alexander for drilling of nickel-copper-PGE targets as well as further rock-chip sampling and assessment of pegmatite outcrop - At Ajana, stakeholder engagement is underway as part of planning for a maiden drill programme later this year. Initial drilling at the Paterson supports the potential for discovering a large mineral system: All widely spaced diamond drill holes have intersected sandstone, siltstone meta-sediments and carbonate-rich sediments of the interpreted Punta-Punta formation with granite dykes and amphibolites intruding the stratigraphic package. The Punta Punta Formation is part of the Yeneena Basin sedimentsknown to host numerous known deposits within the Paterson Province. As with previous completed drill holes, the drill core for the latest holes shows locally intense alteration andhydrothermal veining with multiple zones of sulphides. These features are evidence of hydrothermal andmineralising processes and support the potential for mineralisation occurring within the Paterson Project. Inparticular, the thick carbonate rich sediments noted in PDD007 (Figure 1) may provide a favourabledepositional setting for gold-copper mineralisation and are highly encouraging.These same lithologies host several gold-copper deposits in the Paterson Province. In particular, this styleof intrusion related mineralisation is demonstrated at Antipa Mineral's Minyari Deposit (1.8MozAu and 162kt Cu) and Rio Tinto's Winu deposit (5.9Moz Au, 2.5Mt Cu) south of the project area.Figure 2 shows the regional location of the company's Paterson Project and highlights the similar geological setting toseveral known deposits within the Northern Paterson province. This highlights the interpreted anticlinefolds, granitic and mafic intrusions, and regional scale structures and thrust faults at the Project area(E45/5226) - structural settings that are favourable for the accumulation of mineralisation. Figure 3 showsthe local geological interpretation based on geophysics and improved with the latest drilling. The locationof completed drill holes, proximal to these interpreted structures and intrusions are also shown.Drill programme:Drill hole details for all completed holes are shown in Table 1.Some delays were experienced in the diamond drilling programme due in part to COVID-19 related issuesand to ground conditions in some areas caused by deep sand cover. Drilling techniques improved during theprogramme and eight drill holes were successfully completed for 2,133.9m drilled.A follow-up drill programme will be planned once assays results and petrographic testing are reviewed.Descriptions of the amounts of metal sulphide observed and logged in the core are qualitative, visualestimates made by geologists on site and are listed in order of abundance of estimated combinedpercentages of pyrite (iron sulphide) and chalco-pyrite (copper sulphide).Laboratory assays from Bureau Veritas in Perth are expected within 6-8 weeks and required to confirm themetal content (if any) in the drill core.Visual estimates of sulphide material should not be considered a substitute for laboratory analysis, whichis required to determine grade and widths for geological reporting. Also, visual estimates potentially provideno information regarding potential impurities or deleterious physical properties of the mineralisation. Announcement • Jul 13
St George Mining Limited Provides Drilling Update for Paterson Project St George Mining Limited reported on the diamond drill programme at its 100% owned Paterson Project, in the East Pilbara region of Western Australia. The programme is testing priority structural targets to assess the potential to host large copper-gold systems. An important element of the drilling is to confirm host lithologies as well as deliver evidence of hydrothermal/mineralising processes. Three drill holes PDD003, PDD004 and PDD005 have been completed since its ASX Release dated 23 June 2022 titled Exploration Update for St George Mining. Lithologies intersected in the latest drill holes are similar to those intersected in the first two diamond drill holes of the programme PDD001 and PDD002. These include meta-sediments that are considered part of the Yeneena Group sequence, cut by numerous interpreted mafic and felsic intrusions. Strong alteration with local sulphide accumulations occur in proximity to the interpreted structures and intrusions. These lithologies are known to host major copper-gold deposits elsewhere within the Paterson Province. As diamond drilling continues, the understanding of the local geology and prospectivity of this untested area of the Paterson Province is rapidly increasing with each hole completed. The current programme is testing two priority target areas where anticline structural folds, regional scale thrust faults and internal granitic and mafic intrusions have been interpreted these are textbook trap sites for mineralisation. Drill holes PDD001, PDD002, PDD003 and PDD004 were completed in the southern Target area. These are widely spaced holes ranging from 1km to 2km apart. The identification of breccia zones with associated hydrothermal alteration and sulphides is highly encouraging for an early-stage drill programme. This style of intrusion related breccia mineralisation is demonstrated at Antipa Minerals' Minyari Deposit (1.8Moz Au and 162kt Cu) and Greatland Gold's Havieron Deposit (5.5Moz Au and 218kt Cu) in the southern Paterson Province. PDD005 was completed in Target Area 2, where a similar structural setting to the southern Target Area 1 is interpreted from geophysical data. Confirmation by PDD005 of favourable lithology in this area highlighting intense alteration and brecciation with evidence of pervasive hydrothermal fluids provides strong encouragement for the remaining drill holes to be completed in the northern area. Descriptions of the amounts of metal sulphide observed and logged in the core are qualitative, visual estimates made by geologists on site and are listed in order of abundance of estimated combined percentages of pyrite (iron sulphide) and chalco-pyrite (copper sulphide). Laboratory assays from Bureau Veritas in Perth are expected within 6-8 weeks and required to confirm the metal content (if any) in the drill core. Visual estimates of sulphide material should not be considered a substitute for laboratory analysis, which is required to determine grade and widths for geological reporting. Also, visual estimates potentially provide no information regarding potential impurities or deleterious physical properties of the mineralisation. Announcement • Jun 23
St George Mining Limited Reports on the High-Impact Exploration Programmes Underway At the Regional-Scale Projects in Western Australia St George Mining Limited reported on the high-impact exploration programmes underway at the Company's regional-scale projects in Western Australia. Paterson Copper-Gold Project - diamond drilling supports discovery potential: Diamond drilling at the 100%-owned Paterson Project commenced in May to test basement rocks for the potential of large copper/gold systems. Two drill holes have been completed to date - PDD001 and PDD002 - to depths of 265m and 289.2m, respectively. Basement lithologies intercepted so far are a series of high-grade meta-sediment host rocks that are considered part of the Yeneena Basin package which hosts several known deposits within the Paterson Province. Intense localised alteration surrounding multiple sets of cross-cutting veins have been observed in the drill core, indicating structural complexity and the fact the rocks have been exposed to hydrothermal fluids. Disseminated sulphide mineralised zones of up to 10% sulphide content have been logged in PDD002 within several zones throughout the hole including at 267m depth where pyrite (iron sulphide) and chalco-pyrite (copper sulphide) have been observed. These observations are confirmed by handheld XRF but should be considered qualitative only pending laboratory assays. Drilling is continuing to focus on the two priority target areas 1 and 2 where anticline structural folds and internal granitic domes have been interpreted - these are textbook trap sites for mineralisation. With only two holes completed and wide spacing between holes, St George is strongly encouraged about the remainder of the drill programme which includes targets in highly prospective locations. The drill hole in progress - PDD003 - is located further towards the fold nose. Descriptions of the amounts of metal sulphide observed and logged in the core are qualitative, visual estimates made by geologists on site and are listed in order of abundance of estimated combined percentages of pyrite (iron sulphide) and chalco-pyrite (copper sulphide). Laboratory assays from Bureau Veritas in Perth are expected within 6-8 weeks and required to confirm the metal content (if any) in the drill core. Visual estimates of sulphide material should not be considered a substitute for laboratory analysis, which is required to determine grade and widths for geological reporting. Also, visual estimates potentially provide no information regarding potential impurities or deleterious physical properties of the mineralisation. Processing, including detailed logging, of the core for PDD001 and PDD002 is in progress. Mt Alexander - new priority drill targets emerging: Geophysical surveys have been designed to assist in generating drill targets for the next drill programme at Mt Alexander, which is scheduled to commence in late July 2022. T A new seismic survey, to extend the successful 2021 survey, has been completed with 13-line kilometres; Key areas covered by the survey include the granite/greenstone contact and the Radar Prospect. The interpreted contact and related structures between the Mt Alexander greenstone belt and the granites is considered prospective for mineralisation and is a setting that is known to host high-grade nickel in other parts of the Yilgarn Craton. Radar is located in the eastern extension of the Cathedrals Belt which is underexplored. The survey will aim to build on the structural information and interpretations in this area. The Radar mineralised intercepts include MAD152 which returned 4.0m @ 3.0%Ni, 1.1% Cu, 2.2g/t PGE from 48m with very little follow-up exploration. Processing and modelling of the seismic data is in progress with external consultants at Rock Solid Seismic, and results are expected ahead of the start of the July drill programme. A ground-based MLEM survey commenced at Mt Alexander last week and is expected to be completed within three weeks. The survey is using an ARMIT sensor, specially designed to operate with lower noise levels than other EM technologies. This makes the ARMIT sensor more effective in surveying areas with conductive cover and potentially able to penetrate to deeper levels below surface. Announcement • May 26
St George Mining Commences Substantial Diamond Core Drill Programme at its 100% Owned Paterson Project Located in the East Pilbara Region of Western Australia St George Mining Limited announced the commencement of a substantial diamond core drill programme at its 100% owned Paterson Project located in the East Pilbara region of Western Australia. Diamond Drilling to Follow-Up Maiden 2021 Air-core Programme: Several of the shallow air-core holes drilled in 2021 at the Paterson Project intersected visible chalcopyrite and locally intense alteration that was confirmed with petrology. Drill holes in the 2021 air-core programme also intersected metasediments interpreted to belong to the prospective lower Yeneena Basin which hosts substantial copper and gold discoveries in the northern Paterson Province. Significantly, this is same stratigraphic package that hosts Rio Tinto's major copper-gold Winu discovery located 50km south-west of St George's project area. High-resolution gravity and airborne magnetic surveys completed by St George at its 100%-owned E45/5226 also identified prominent geophysical and structural features that are interpreted to be similar to those known to be associated with major precious and base metals discoveries in the region. These results strongly support the potential for copper and gold mineralisation across the 35km prospective stratigraphy hosted in E45/5226. Two target areas have been prioritised for testing in the current diamond drill programme: Target Area 1: Two large structurally complex anticlinal folds with interpreted intrusive granite cores and bounded by regional scale faults. Visible copper was observed in air-core chips from the 2021 drilling on the west limb of the anticline. Target Area 2: Large, interpreted domal anticline structure bounded by regional scale faults. In particular, the regional anticlines interpreted from airborne magnetic data in the project area may represent similar geological settings to Rio Tinto's Winu deposit (503Mt @ 0.45% CuEq - refer ASX Release dated 28 July 2020 by Rio entitled Rio Tinto reveals Maiden resource at Winu and new discovery). Both target areas are considered prospective for vein hosted base metal and gold mineralisation. Diamond Drill Programme: St George has moved to a diamond drilling technique for its 2022 drilling at the Paterson Project to manage issues caused by drilling through cover sediments in the 2021 air-core drill programme. Despite the drilling issues, most of the 2021 air-core holes intersected the target metasediments at the end of the holes. Geological observations and petrographic studies of drill chips from the 2021 air-core drilling recognised lithologies and mineralisation prospective for copper-gold targeting in the Paterson. Several planned drill holes in the north of E45/5226 could not be completed due to ground conditions. Also, it was not feasible to obtain reliable laboratory assays for the air-core holes due to the cover sediments contaminating selected samples. Diamond drilling is also expected to provide substantial additional geological, structural and geochemical information from the target metasediments. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director John Dawson was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 13
St George Mining Limited Announces Expansion Drill Programme - Mt Alexander High-Grade Nickel-Copper Project St George Mining Limited announced further positive results from the extension and infill drill programme underway at its high-grade nickel-copper-PGE Mt Alexander Project, located in the northern Goldfields. MAD210 was completed by diamond drilling to test an EM conductor (22,500 Siemens) at Stricklands. The drill hole intersected nickel-copper sulphide mineralisation from 102.7m to 106.3m downhole, confirming further mineralisation approximately 35m to the west of the existing mineralised envelope for the Stricklands Deposit. The mineralised intercept in MAD210 together with the result of MAD209 - which intersected nickel-copper sulphides from 112.9m to 118.1m downhole - confirm that the Stricklands Deposit is open to the west, north and north-west with potential for further drilling to delineate additional mineralisation. STRICKLANDS EXPANSION PROGRAMME CONTINUES TO DELIVER MAD210 was completed to a downhole depth of 162.4m and is located 35m to the west of the current mineralised envelope for the Stricklands Deposit and 35m to the south-west of MAD209 - which was the first expansion drill hole in the current programme and which also intersected nickel-copper sulphides. MAD210 intersected the same mineralised intrusive unit up-dip to MAD209 - confirming the extension of the interpreted mineralised intrusive at Stricklands. The success of MAD209 and MAD210 confirms that mineralisation at Stricklands continues and remains open to the west, north and north-west. GEOLOGICAL SUMMARY Geological information on the mineralised intercept in MAD210, as well as additional information to the ASX Release dated 31 March 2022 Expansion Drill Programme - Mt Alexander regarding the mineralised intersection in MAD209, is set out below. The nature of the minerals observed in the drill core of MAD209 and MAD210 are interstitial fine-medium grained sulphides grading downhole to massive sulphide content. This profile represents a primary mineralisation genesis that is not considered to be re-mobilised post emplacement. Descriptions of the amounts of metal sulphide observed and logged in the core are qualitative, visual estimates made by geologists on site and are listed in order of abundance of estimated combined percentages of pyrrhotite (iron mineral), pentlandite (nickel mineral), chalcopyrite (copper mineral) and pyrite (iron mineral). Visual estimates of sulphide material should not be considered a substitute for laboratory analysis, which is required to determine grade and widths for geological reporting. Also, visual estimates potentially provide no information regarding potential impurities or deleterious physical properties of the mineralisation. Laboratory assays for MAD209 and MAD210 from Bureau Veritas in Perth are expected within 6-8 weeks and will be announced when available. The assays will confirm the nickel and copper grades as well as the values of cobalt and PGEs in the mineralised intervals. All reported intersection widths are measured down hole. Based on the intersection angle of the drilling with the modelled intrusive unit, downhole widths for MAD209 and MAD210 noted above are interpreted to be close to true widths. Announcement • Mar 31
St George Mining Limited Announces Excellent Results Form the First Drill Hole Completed in the New Extension and Infill Drill Programme Underway at Its High-Grade Nickel-Copper-PGE Mt Alexander Project St George Mining Limited announced excellent results from the first drill hole completed in the new extension and infill drill programme underway at its flagship high-grade nickel-copper-PGE Mt Alexander Project, located in the northern Goldfields. MAD209 was completed by diamond drilling to test an EM conductor (9,825 Siemens) at Stricklands. The drill hole intersected 5.2m of nickel-copper sulphide mineralisation from 112.9m downhole and has confirmed the continuity of mineralisation approximately 35m to the north-west of the existing mineralised envelope for the Stricklands Deposit. The success of MAD209 bodes well for the potential of the current extension and infill drill programme to deliver a significant expansion of the known near-surface, high-grade nickel-copper-PGE mineralization along the Cathedrals Belt. MAD209 was completed to a downhole depth of 173m. The drill hole intersected nickel-copper sulphides where predicted by the EM modelling. The following is a geological summary of the drill core: Analysis of the drill core by portable XRF has confirmed the presence of nickel and copper sulphides in the mineralised interval logged in MAD209. Laboratory assays are pending and required to confirm the nickel and copper grades as well as the values of cobalt and PGEs in the interval. Initial assessment of the core confirms the sulphide mineralisation in MAD209 appears similar to other high-grade mineralisation intersected at Stricklands and expect assays to return comparable values. Based on the intersection angle of the drilling with the modelled intrusive unit, downhole widths noted are interpreted to be close to true widths. The success of MAD209 confirms the continuity of the Stricklands Deposit to the north-west, with mineralisation still open in this down-dip direction. Drilling of MAD210 has now commenced to test a strong EM conductor (22,500 Siemens), also located north-west of the Stricklands Deposit approximately 30m to the south-west of MAD209. As part of the major extension and infill drill programme underway an additional 3,000m of RC drilling is planned at Stricklands and Investigators East to further test the extent of the known high-grade mineralisation. Announcement • Mar 29
St George Mining Limited Provides Exploration Update - Mt Alexander St George Mining Limited provided update on current activities and planned exploration programmes at its flagship high-grade nickel-copper-PGE Mt Alexander Project, located in the northern Yilgarn Craton. The Company's exploration strategy is two-fold: firstly, to expand areas of known high-grade massive sulphide mineralisation intersected near surface at Mt Alexander and, secondly, at the same time test several large conceptual targets that have potential to deliver a step change in the scale of the Mt Alexander Project. Following a comprehensive review of all available technical data for St George's extensive holdings at Mt Alexander, five conceptual target areas with minimal or no previous drilling have been identified for priority testing.The high-grade Ni-Cu-PGE mineralisation at Mt Alexander is structurally controlled, making an understanding of the structural setting critical to exploration targeting. The latest seismic data and drill results have provided important information on the structural setting of the Mt Alexander Project.The main interpreted geological and structural elements at Mt Alexander are as follows and illustrated in Figures 1 and 2 below: 15km-long, east-northeast oriented Cathedrals Belt with mafic intrusions hosting Ni-Cu-PGE sulphides over a strike of more than 5km Mt Alexander greenstone belt trending north-south that hosts wide mafic-ultramafic sequences south of the Cathedrals Belt Extensive area of granite intrusion, north of the greenstone belt and east of the Ida Fault Near surface, high-grade deposits dipping north and interpreted to plunge to west and east (Fig 2) Multiple structures parallel to Cathedrals Fault within ~5km-wide belt north of greenstone belt Ida Fault is a major craton-scale domain boundary, which may be linked to the mafic intrusions A comprehensive review of all available geological, geophysical and structural data at Mt Alexander has identified five large conceptual target areas where there has been minimal or no prior drilling. All five targets are located in underexplored areas of the Mt Alexander Project. The five target areas (numbered 1-5) are briefly summarised below with locations shown on Figure 1. Three of the target areas (numbers 1, 2 and 3) are also shown on the long section (Figure 2). Ida Fault Intersection of the Ida Fault and the Cathedrals Belt Ida Fault represents a well-documented, major intra-cratonic domain boundary Comprises a wedge of structural complexity >2km west of previous drilling with no effective electromagnetic (EM) survey of the area Ida Fault may be a potential conduit to mafic intrusions along Cathedrals Belt Radar Prospect 2 to 3km long interpreted structural anomaly with interpreted basal intrusive, 1.5km east of Cathedrals Deposit along the Cathedrals Belt Previous shallow intersection in MAD152 with 4m @ 3.0% Ni, 1.1% Cu and 2.2g/t PGE from 48m; drilling planned to follow up as soon as possible Minimal drilling and no effective surface EM coverage over northern portion of Radar target Fish Hook Prospect >4km long, 1km wide structural zone with multiple intrusive units interpreted from magnetic data; located 5km east of high-grade Cathedrals Deposit along Cathedrals Belt Fish Hook is the largest section of Cathedrals Belt with minimal drilling to shallow depth only Granite/Greenstone Contact Extensive area of granite/greenstone contact, north of outcropping central greenstone belt Comprises interpreted stoped-out and structurally disrupted granite/greenstone contact Favourable structures and possible mafic intrusions along the contact are considered to be priority targets for mineralisation No prior effective drilling to test the granite/greenstone contactBullseye Anomaly Untested gravity and magnetic anomaly 1km north of Stricklands Deposit Similar geological setting to Stricklands Deposit within a prospective east-west structure Walk-up drill target Drilling will be accelerated to test these targets. Geophysical surveys including gravity and seismic surveys are also planned to further investigate these new conceptual targets. The trial seismic survey completed in September 2021 comprised three north-south 2D seismic lines that covered an east-west strike of ~3km in the West End/Investigators area of the Cathedrals Belt. The trial survey did not cover the Stricklands and Cathedrals Deposits where shallow high-grade massive nickel- copper sulphides have been discovered with mineralisation open at depth. Interpretation of the trial seismic data with results from drilling the S1, S2 and S3 targets confirmed that seismic had successfully mapped the prospective structures that host the mineralised intrusions at the Project. Following the success of the trial seismic survey, a further substantial seismic survey will be undertaken to investigate the conceptual targets outlined in this release and assist in generating a 3D model of theCathedrals Belt and other structures. Approximately eight seismic lines are planned, starting early in the June quarter. Depending on results, this survey could be expanded further to delineate favourable structures and contacts where massive sulphide mineralisation might have accumulated. West End continues to deliver: Diamond hole MAD205 was drilled at the western end of currently known deposits along the Cathedrals Belt in late 2021 to target a large 250m-strike length, off-hole conductor identified from a DHEM survey in hole MAD200. MAD205 intersected prospective mafic intrusive rocks between 556.9m to 571.77m downhole depth. The DHEM survey in MAD205 identified another strong off-hole conductor at approximately 600m downhole depth, which aligns with the interpreted base of the intrusive unit. The EM anomaly is modelled with conductivity of 22,800 Siemens, consistent with a massive sulphide signature, and will be prioritised for drill testing. The increasing number of EM conductors identified in the western part of the Cathedrals Belt indicates a very active part of the mineral system with potential for significant mineralisation in or proximal to this area. Stricklands growth targets: At the Stricklands Deposit, two strong EM conductors - one modelled with conductivity of 22,500 Siemens and the other with 9,825 Siemens have been identified north-west of the main Stricklands Deposit. The conductors are interpreted to represent massive nickel-copper sulphides and drilling is planned to test these targets during the current programme. Target S2: MAD207, to test seismic target S2, was completed to a downhole depth of 653.3m. Announcement • Feb 24
St George Mining Limited Provides an Update on Exploration and Development Activities At its Flagship High-Grade Mt Alexander Project St George Mining Limited provided an update on exploration and development activities at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields. Drilling of S2, with hole MAD207, is at 272m downhole and following the planned trajectory of the hole. The target commences at approximately 350m below surface and has a dip extent of 400m; MAD207 is designed to pierce the centre of the target at approximately 550m downhole. MAD204: MAD204 was completed in late 2021 and targeted an area 50m down-dip of the 81,000 Siemens off-hole conductor identified from the DHEM survey in MAD202. The hole intersected 57.7m of intrusive-style mafic-ultramafic from 425.1m to 482.8m. Although no sulphide mineralisation was observed in the mafics, the thickness of the intrusive suggests a priority search area for massive sulphides. The DHEM survey in MAD204 has successfully identified a very strong off-hole EM conductor located below and to the north-west of the hole. The conductor is modelled with conductivity of 76,000 Siemens and has a geophysical signature consistent with massive sulphides. Significantly, the new conductor aligns with the 81,000 Siemens conductor identified from MAD202, creating a conductive horizon that spans more than 70m. The two modelled conductors are also consistent with its geological model where mineralisation is observed at the basal contact of the Cathedrals intrusive system; Should follow-up drilling be successful in delineating massive sulphide mineralisation at these conductors, which its expect it will be, this would be the western-most intersection of massive sulphides within the Cathedrals Belt and further extend the strike length of mineralisation along the Belt. MAD205: MAD205 was also completed in late 2021 and targeted a large 250m-strike, off-hole conductor identified from the DHEM survey in MAD200. The hole was drilled to 622.2m with intrusive mafic rocks intersected between 556.9m to 571.77m. The DHEM survey in MAD205 has identified an anomalous response with final results pending. MAD204 and MAD205 are located in the West End Prospect area, to the immediate west of the Investigators Prospect. A large number of EM conductors have been identified in this area, indicating a highly fertile area of the Cathedrals Belt mineral system that has strong potential for the presence of a significant volume of mineralisation in or near this area. Announcement • Feb 15
St George Mining Limited Provides Update on Exploration and Development Activities At Its High-Grade Mt Alexander Project St George Mining Limited provided an update on exploration and development activities at its high-grade Mt Alexander Project, located in the north-eastern Goldfields. Target S1: MAD206 was completed to a downhole depth of 1,003.9m to test seismic target S1. The hole intersected mainly granitic rocks with features observed as follows: 738.09m to end of hole (EOH) granite with weak to pervasive potassic alteration and epidote alteration. Where observed elsewhere in the Cathedrals Belt, granite with this kind of alteration is typically a marker of a nearby intrusive unit. 727m to 745m an extensive zone of low RQD (Rock Quality Designation Index) and intense potassic alteration that coincides with the seismic interpreted fault. 847m to 939.6m extensive fractures and faulted zones, indicative of an extensive fault system. Interpreted here to be the Cathedrals Belt fault zone. 939.6m to 940.08m intrusive mafic rocks. Aphanitic texture. No sulphides observed. It is encouraging to see mafic rocks down-dip in the Cathedrals fault zone this supports the prospectivity for mineralised intrusives to be present at depth. The interval of intrusive rocks intersected in MAD206 is, however, not of a scale that could be the source of the large reflective anomaly at S1. The mafic intrusive that hosts mineralisation in the Cathedrals Belt is known to `pinch and swell' along strike so there is potential for the intrusive to thicken again. MAD206 lifted during drilling and at EOH was about 100m from the planned trajectory. S1 was modelled with a dip-extent of 450m and MAD206 was designed to drill the centre of the target. MAD206 did not depart from the planned azimuth. Despite the lifting of the hole, MAD206 is interpreted to have intersected S1 and tested the seismic reflector. One potential interpretation is that the faulted zone may be the source of the reflector. RQD data for MAD206 confirms that the hole intersected fault structures as identified by the seismic survey. RQD is defined as the percentage of intact drill core pieces longer than 10 cm recovered during a single core run. RQD's indicate the structural integrity of the rock being drilled and identify where rock failure is likely to occur. The measurement commonly highlights fault zones where RQD results are low (<50%). A review of drill hole data is ongoing and will incorporate assay data once available as well as downhole EM (DHEM) survey data. A DHEM survey was completed in MAD206 to 934m downhole and is interpreted to have searched a radius of at least 50m around the hole. No strong EM anomalies were observed but the data will continue to be reviewed in conjunction with assay data. A DHEM survey is planned to complete the remaining 70m of MAD206 in the coming weeks. MAD206 was completed in a way that readily allows daughter holes to be drilled as wedges to the existing hole so there is still an opportunity to drill in the vicinity of MAD206 to further test this area. Announcement • Jan 20
St George Mining Limited Announces More Priority Nickel Targets Identified from Seismic Survey at Mt Alexander St George Mining Limited announced further strong results from the seismic survey completed late last year at its high-grade Mt Alexander Project, located in the north-eastern Goldfields. Three new targets have been added to the portfolio of seismic targets prioritised for drill testing. These large targets are named S3, S4 and S5, and have been selected as prospective for massive nickel-copper sulphides based on their increased seismic amplitude and coincidence with an intrusive structure. The three new seismic targets are in addition to targets S1 and S2. Seismic Results Unlock Standout Targets and 9 December 2021 Seismic Delivers Another Standout Target at Mt Alexander. The seismic targets are located within Exploration Licence E29/548 (100% St George) apart from S3 which is within E29/638 (75% St George: 25% Western Areas). Key features of the three new targets are: S3 - located within an unexplored south-dipping structure that intersects the Cathedrals Belt. structure at depth. S3 is modelled with a dip-extent of 350m commencing at 210m below surface. S4 - located within the Transits Belt, an underexplored structure parallel and 1,200m to the north of the Cathedrals Belt. S4 is modelled with a dip-extent of 320m commencing at 475m below surface. The target was identified on seismic survey Line 1 and is 1,000m east of S2, also within the Transits Belt. S5 - located within an unexplored north-dipping structure parallel and 3,000m to the north of the Cathedrals Belt. S5 is modelled with a dip extent of 300m commencing at 250m below surface, and was identified on Line 3. The reflective properties of the new targets are consistent with the reflective properties recorded in the seismic for the known massive sulphides in the Cathedrals Belt. All targets are within an intrusive structure, which is a favourable setting for potential massive sulphides. Large network increases prospectivity: Large intrusive networks of the type identified at Mt Alexander are indicative of a mineral system with potential to host significant volumes of mineralisation. The petrographic analysis completed by St George in 2021 indicated that the nickel-copper sulphides in the Cathedrals Belt are likely to have been associated with a large igneous event. This is now supported by the St George-CSIRO research project that has linked the Mt Alexander intrusives to the Warakurna Large Igneous Province. Diamond Drilling Resumes at Mt Alexander for further details. The petrography also supported a dynamic emplacement environment including multiple magma pulses from a deeper magmatic chamber. High Impact Drilling at Mt Alexander for a discussion on the petrography. The structural network identified by the seismic data further corroborates the existence of an extensive plumbing system that has potential to host large mineral deposits in the Mt Alexander project area. Complex intrusion network: The seismic data has revealed a complex network of deep structures in the survey area. These structures are likely to have acted as a control on the nickel-copper sulphide mineralisation at the project. `Series 1' structures are east-west striking and dip to the north between 30 to 40 degrees. The Cathedrals Belt and Transits Belt are Series 1 structures and considered to be primary hosts to known and interpreted further mineralisation in the project area. `Series 2' structures are east-northeast striking and dip to the south between 35 to 50 degrees. Series 2 structures are newly recognised and remain unexplored. Massive sulphide mineralisation has been discovered in the Cathedrals Belt, suggesting potential for repetition of mineralisation in other Series 1 structures. The structures seen in the seismic data correlate with linear features observed in magnetic data. This supports an interpretation that the structures continue beyond the survey area in line with the magnetics. Seismic surveys will be required outside the existing survey area to determine the orientation of the structures at depth in those other areas, and whether any folding or other displacement has occurred. Extension of survey: Three north-south 2D seismic lines were completed in the first-ever seismic survey at Mt Alexander. Each line has provided a vertical plane of seismic data. The potential for off-plane events in the survey area is minimal because of the planar nature and continuity of the structures hosting mineralisation. Accordingly, 2D seismic surveys are considered effective for this project. The three seismic lines span an east-west strike of 3,000m. This is much less than the full east-west strike of the Cathedrals Belt and other structures, interpreted to be more than 15km. Further seismic surveys will be designed to cover the remaining strike of the structures. In addition, future survey lines will be extended to the south to cover an interpreted Series 1 structure to the south of the Cathedrals Belt. DRILL PROGRAMME Diamond drilling of target S1 is in progress, with drilling at 398m downhole as at 18 January 2022. Drilling in double shifts commenced on January 15, much earlier than expected, which will fast-track the outcomes of these highly anticipated holes. Drill holes to test targets S3, S4 and S5 are being designed and will be added to the current drill programme. St George continues to manage its operations in compliance with COVID-19 regulations issued by State and Commonwealth authorities. Border restrictions in Western Australia and elsewhere have impacted the movement of personnel for drill rig crews, which is constraining the availability of drill rigs. St George is in close contact with its drilling contractors to best manage access and continuity to drilling services. Announcement • Jan 12
St George Mining Limited Announces Resume of Diamond Drilling At Mt Alexander Project in North-Eastern Goldfields St George Mining Limited announced that diamond drilling has resumed at its high-grade Mt Alexander Project, located in the north-eastern Goldfields. Drilling will focus on testing high-priority targets identified from the seismic survey recently completed at Mt Alexander. The first target to be drilled is S1. This large seismic target is modelled with a dip-extent of 450m and located down-dip from and within the same Cathedrals Belt structure that hosts extensive massive nickel-copper sulphides drilled at Investigators. S1 is located within Exploration License E29/548 (100% St George). Drilling will initially be carried out by a single crew with one shift per day. COVID-19 regulations and border restrictions have delayed the arrival of the second crew. It is expected that drilling will be carried out 24/7 with two crews within two weeks. Announcement • Dec 23
St George Mining Limited Announces Diamond Drilling At its High-Grade Mt Alexander Project, Located in the North-Eastern Goldfields St George Mining Limited announced that diamond drilling at its high-grade Mt Alexander Project, located in the north-eastern Goldfields, will resume in early January 2022 much earlier than initially planned. The recently acquired seismic data has been effective in defining the complex intrusive network in the area surveyed around the Cathedrals Belt. The deep structures identified are indicative of a large mineral system with potential to host significant volumes of mineralisation. Modelling and interpretation of the seismic data by independent seismic experts has resulted in the identification of two priority seismic targets for massive nickel-copper sulphides S1 and S2. Interpretation of the data is continuing and further exploration targets may be identified. S1 is located down-dip from, and within the same structure that hosts extensive massive nickel-copper sulphides drilled at Investigators. S1 is modelled with a dip-extent of 450m at 800m below surface. S2 is situated in the underexplored Transits Belt structure to the north of the Cathedrals Belt. S2 is modelled with a dip-extent of 400m and located 350m below surface. 2021 Drilling Programme: Drill hole MAD205 is the final hole to be completed in 2021. The hole was drilled to 622.2m. Intrusive mafic rocks were intersected between 556.9m to 571.77m downhole. The remainder of the hole intersected mainly granite rocks. No sulphide mineralisation was observed in the drill core. Downhole electromagnetic (DHEM) surveys were completed this month at drill holes recently completed at Jailbreak MARC150 and MARC151. Results are pending. There was insufficient time to complete DHEM surveys at diamond holes MAD203, MAD204 and MAD205. These surveys will be completed next month. 2022 Drilling Programme: A diamond drill rig is scheduled to mobilise to Mt Alexander on or about 6 January 2022, at least three weeks earlier than initially expected. The first two targets to be drilled will be S1 and S2, in that order. Additional targets will be added to the programme subject to drill results and ongoing modelling of the seismic data. St George continues to manage its operations in compliance with COVID-19 regulations issued by State and Commonwealth authorities. Announcement • Sep 13
St George Mining Limited Announces Drilling of New Targets At Mt Alexander St George Mining Limited provided an update of exploration activities underway at its flagship high- grade Mt Alexander Project, located in the north-eastern Goldfields. CARNAC PROSPECT - DRILLING CONFIRMS PROSPECTIVE INTRUSIVE UNIT Seven drill holes were completed at the newly identified Carnac Prospect - MARC139, MARC140, MARC141, MARC142, MARC143, MARC144 and MARC145. Carnac is located on E29/1041 (100% St George). The drill holes were designed to test a linear magnetic trend that extends east-northeast across the Carnac Prospect for more than 8km. Drilling has successfully confirmed the presence of mafic-ultramafic intrusive- style rocks that have the same geochemical signature as the rocks seen at the east-northeast trending Cathedrals Belt, giving support for the potential of Carnac to also host high-grade nickel-copper sulphides similar to those on the Cathedrals Belt. The soil survey at Carnac which returned anomalous values for nickel, copper and chromium was only partly completed prior to this RC drilling. The encouraging results from the drilling warrant a broadening of the soil survey over the remainder of the trend towards the east. Soil Assays Confirm New Ni-Cu Target at Mt Alexander. Follow-up activity will be planned once the results of the current drilling and soil survey are reviewed. Four drill holes were completed at the Jailbreak Prospect - MARC149, MARC150, MARC151 and MARC152. Jailbreak is located on E29/962 (100% St George). Jailbreak encompasses part of a north-south oriented ultramafic belt that lies parallel and to the east of the main north-south Mt Alexander ultramafic belt which is known to host komatiitic ultramafics and associated nickel sulphides. St George's first-ever drilling at Jailbreak was designed to follow-up historical geochemical anomalies and confirm the presence of komatiites that are prospective for nickel sulphides. All drill holes completed by St George intersected multiple thick ultramafic units within the targeted sequence. The drill holes did not intersect the basal contact of the ultramafic channel, which is where any potential nickel sulphides are most likely to be located. Minor sulphides were observed in all holes, interpreted in field observations as hydrothermal pyrite. Nickel sulphides were not observed in the drill holes during the geological logging and laboratory assays are pending to conclusively determine the nature of the sulphides in the drill holes. Announcement • Jul 07
St George Mining Limited Provides an Update on Exploration and Development Activities at its Mt Alexander Project St George Mining Limited provided an update on exploration and development activities at its Mt Alexander Project, located in the north-eastern Goldfields. The DHEM survey in MAD200 has identified three off-hole EM conductors, ranging in strike length from 250m, 60m and 40m respectively. MAD200 intersected a 12.7m intrusive unit from 500.7m downhole including approximately 1.4m of disseminated and blebby nickel-copper sulphides from 512m downhole (<5% sulphides with pentlandite (pn), chalcopyrite (cp) and pyrrhotite (py)) with laboratory assays pending. These nickel-copper sulphides are located on the basal contact and are preserved. This is a textbook geological setting supporting the potential for further nickel-copper sulphide deposits proximal to MAD200. The new EM anomalies identified in MAD200 are of weak to moderate conductance (<1,000s). The largest of the EM plates is located 75m to the north-west of MAD200, being the detection limit of the DHEM system, and therefore may represent a vector to stronger, more distant mineralisation. Significantly, a number of low conductivity EM anomalies have been drilled along the Cathedrals Belt and confirmed as nickel-copper sulphides including: MAD201 drilled a target modelled with less than 1,000 Siemens and returned a 2.4m thick nickel- copper sulphide intercept (laboratory assays are pending). MAD38 drilled a target modelled with 1,300 Siemens and confirmed high-grade nickel-copper sulphides with assays of: 2.74m @ 3.77% Ni, 1.48% Cu, 0.10% Co, 3.85g/t total PGEs, 0.17g/t Au and 5.49g/t Ag from 25.4m including; 0.54m @ 8.59% Ni, 3.43% Cu, 0.24% Co, 6.73g/t total PGEs, 0.14g/t Au and 10g/t Ag from 27.6m. The successful intersection of nickel-copper sulphides at these previous targets indicates that weak conductors can be a vector to high-grade sulphide mineralisation. The low conductivity reading for these and the MAD200 EM anomalies may be because the target is on the edge of the range of detectability typically 50m to 75m around a drill hole in a DHEM survey. The DHEM survey in MAD196, which tested 50m up-dip from MAD200, identified three very strong EM conductors that remain untested by drilling. These conductors are modelled with conductivity of 69,926 Siemens, 27,000 Siemens and 32,235 Siemens, respectively, and are interpreted to have a massive sulphide source. The presence of multiple conductors proximal to MAD200 and MAD196 is further support for the potential of significant sulphide mineralisation in this underexplored area of West End. The seismic survey will also cover the area where the recent gravity survey identified numerous gravity highs. MAD202 was the first drill hole to test a gravity anomaly and successfully intersected thick intrusive-style rocks, warranting follow-up exploration. The seismic survey, as well as the completion of a DHEM survey in MAD202, will assist in the search for potential sulphide mineralisation around this hole. Announcement • Jun 23
St George Mining Limited Announces Laboratory Assays Confirms the Latest High-Grade Nickel-Copper Sulphide Discovery At Its High-Grade Mt Alexander Project in the North-Eastern Goldfields St George Mining Limited announced that laboratory assays have confirmed the latest high-grade nickel-copper sulphide discovery at its high-grade Mt Alexander Project in the north-eastern Goldfields. The discovery made by hole MAD199 is below the shallow deposits already discovered at Investigators and is the latest high-grade nickel sulphide find across the Cathedrals Belt at Mt Alexander, where the Company continues to grow the footprint of this critical battery mineral. The first step-out hole for MAD199 was MAD201, which intersected a 16m thick intrusive unit from 421.95m downhole including a 2.4m interval of nickel-copper sulphides from 434.6m. The downhole EM survey in MAD201 identified three very strong conductors located up-dip towards the high-grade intersection in MAD199. The conductors are modelled with conductivity of 120,400 Siemens, 30,000 Siemens and 23,000 Siemens, respectively. This supports the potential for the presence of more massive sulphides along the 125m down-plunge extent between these two drill holes. The geology and mineralisation display a largely preserved section of a mineralised intrusive unit. Classic intrusive features are observed including the presence of leuconorite and gabbronorite which are known to host major intrusive nickel sulphide deposits in Western Australia. The nickel-copper sulphide mineralisation increases in volume towards the basal contact, with massive sulphides on the contact, and represents a textbook profile for preserved nickel sulphide deposits. The DGPR survey measures a combination of rock dielectric and conductivity to map below-ground lithology and metal deposits in high-resolution. Case studies have shown that the DGPR can successfully map base metal mineralisation in the top 100m to 150m from surface, particularly in granite terrain like the Cathedrals Belt. The DGPR data is expected to allow St George to model the high-grade massive sulphides in 3D which would greatly assist in resource definition drilling and targeting extensions to known mineralisation. A new, cutting-edge seismic technique, called eVibe and offered exclusively by Ultramag Geophysics, will be trialled at the Cathedrals Belt. Conventional seismic techniques are considered not feasible for use at the Cathedrals Belt because of their relatively higher cost and lower resolution. The latest eVibe seismic applies a fraction of the force compared to a conventional seismic hydraulic system but delivers high quality data to a similar depth. The cost of eVibe is significantly lower than conventional seismic. Announcement • Jun 09
St George Mining Limited Announces Maiden Drilling Begins at Paterson Project St George Mining Limited announced that drilling has commenced at its Paterson Project, located within the Paterson region of Western Australia. St George's Paterson Project is an early stage opportunity with significant exploration upside for copper and gold deposits. It complements the Company's Mt Alexander nickel-copper sulphide project, where St George is continuing to expand the footprint of high-grade nickel-copper sulphide mineralisation and advance towards a potential mine development. MAJOR DRILL PROGRAMME IS UNDERWAY A major RC drill programme has commenced at E45/5226, one of two Exploration Licences that make up St George's 100%-owned Paterson Project. The maiden drill programme at Paterson Project will comprise approximately 10,000m of RC drilling and will focus on characterising the stratigraphy and testing high-priority targets that have been assessed by technical team as potentially prospective for copper and gold. St George completed a high-resolution gravity and airborne magnetic survey during 2020 at E45/5226 to evaluate the structure and stratigraphic setting at the tenement. The new gravity and magnetic data has identified prominent geophysical features that are interpreted to be similar to those known to host major precious and base metals discoveries in the Paterson region. The cover at E45/5226 is interpreted to be between 100m to 200m, which in relative terms is much less than in other areas of the Paterson and potentially enables St George to expedite exploration drilling and at a lower cost. There is no outcrop at the Paterson Project, with targeting relying on geophysics and geological interpretation to discover blind deposits. The current drill programme is expected to take eight weeks to complete, with approximately 50 holes to be drilled. PATERSON PROVINCE - WORLD-CLASS MINERAL DISTRICT The Paterson Province is one of the most highly endowed mineral provinces in Australia and hosts the giant Nifty (2Mt Cu) and Telfer (27Moz Au) deposits. The region remains underexplored with a number of significant copper and gold discoveries recently
announced including at Rio Tinto's Winu Project (503Mt at 0.45% Cu Eq1) and at the Havieron Project (52Mt @ 2.0g/t Au and 0.31% Cu2), which is being explored in joint venture by Greatland Gold (LON: GGP) and Newcrest Mining. Announcement • May 29
St George Mining Limited Announces Nickel-Copper Sulphides Intersected Down-Plunge St George Mining Limited announced further significant exploration results at its high-grade Mt Alexander Project in the north-eastern Goldfields. MAD201 was completed to a downhole depth of 470.1m and tested an area below the high-grade nickel- copper sulphides intersected in MAD199. MAD201 intersected a 16m thick intrusive unit from 421.95m downhole. From 434.6m downhole, MAD201 intersected 2.4m of nickel-copper sulphides as summarised below. The remainder of MAD201 intersected mainly granitic rocks. The mineralisation intersected by MAD201 correlated to a weak DHEM conductor identified from the DHEM survey in MAD189, approximately 55m to the east of MAD201. The off-hole DHEM conductor was modelled with conductivity of less than 1,000 Siemens. The successful intersection of massive sulphides from this modelled conductor indicates that weak conductors can be a vector to more distant high-grade sulphide mineralisation, and the company is undertaking a review of all DHEM conductors identified to date with the benefit of this new finding. Conductors may be modelled with low conductivity because they are on the edge of the range of detectability - typically 50m to 75m around a drill hole. As a result of this review, St George expects a number of existing DHEM conductors to be upgraded to priority targets for massive sulphides. Announcement • May 03
St George Mining Limited announced that it expects to receive AUD 7 million in funding St George Mining Limited (ASX:SGQ) announced a private placement of 85,365,854 common shares at an issue price of AUD 0.082 per share for gross proceeds of AUD 7,000,000.028 on May 3, 2021. The transaction will include participation from global institutional and sophisticated investors. The transaction is expected to close on May 10, 2021. Announcement • Mar 09
St George Mining Limited Announces Met Test Holes Successful as Focus Turns to High-Impact Drilling At Mt Alexander Nickel-Copper Sulphide Project St George Mining Limited announced more strong exploration results at its high-grade Mt Alexander Project, located in the north-eastern Goldfields. Drilling of MAD195 is continuing on a single-shift basis. Drilling is at 315.4m downhole with the modelled EM plate predicted to be intersected at 340m downhole. MAD195 is targeting the 33,100 Siemens conductor identified from the DHEM survey in MAD185. A second crew for this rig is expected at site later this week, which will allow for drilling 24/7. The second rig at site is already operating with two crews, with drilling of MAD196 continuing 24/7. Drilling is at 118.1m downhole with the modelled EM plate predicted to be intersected at 505m downhole. This hole is targeting the 55,550 Siemens conductor identified from the DHEM survey in MAD192. Seven metallurgical drill holes were completed at Stricklands last month. These holes were drilled into the known
Stricklands mineralised envelope to provide samples for use in metallurgical test work underway in Canada. The drill core from these new metallurgical holes has now been cut and sampled. Approximately 300kg of core is now in transit to XPS (Expert Process Solutions) in Canada. XPS has industry leading credentials in the metallurgical analysis of polymetallic nickel sulphides, a style of mineralisation that is rare in Australia. The new metallurgical samples will be used by XPS to create a new master composite sample that will represent the actual Life of Mine (LOM) feed for a potential mining operation at Stricklands. This will allow for a robust and reliable flowsheet to be developed. The massive sulphide intervals in the cut core have been tested by portable XRF analyser which has identified high grades of nickel and copper. The XRF analysis is preliminary in nature and a conclusive determination of the nickel, copper, cobalt and PGE values of the sulphide mineralisation will be confirmed when laboratory assays are available. Average XRF readings in massive sulphide intervals are based on multiple readings per interval and are not
density weighted. Metal content for intervals of matrix, blebby and disseminated sulphides are not accurately determined by portable XRF analysis. STD015: STD015 was drilled to 83.9m downhole and intersected significant sulphide mineralisation between 67.3m and 73.1m downhole. The massive sulphide intervals within the broader mineralised intersection recorded the following average XRF values: 3.84% Ni and 0.61% Cu from 67.3m to 69m, and 3.00% Ni and 1.6% Cu from 70.4m to 73.1m. STD014: Drilled to 57.7m downhole and intersected significant mineralisation between 36.5m and 50.6m downhole. Massive sulphide intervals within this thick mineralised intersection recorded the following average XRF values: 6.86% Ni and 0.61% Cu from 40.2m to 41.7m, and 4.92% Ni and 5.4% Cu from 48.2m to 48.9m. STD013: Drilled to 59.1m downhole and intersected significant sulphide mineralisation between 30.9m and 50.6m downhole. The massive sulphide intervals within this intersection recorded average XRF values of 2.6% Ni and 0.9% Cu from 47.2m to 50.6m. FURTHER PETROGRAPHIC ANALYSIS CONFIRMS LARGE INTRUSIVE UNIT AS HOST TO MINERALISATION Petrographic analysis was completed on MAD31, to follow-up on the important findings from the petrographic analysis of MAD181. MAD31 was drilled at Investigators to a downhole depth of 160m and intersected more than 5m of nickel-copper sulphide mineralisation including the high-grade interval: 1.57m @ 6.26%Ni, 2.71%Cu, 0.18%Co and 4.91g/t total PGEs from 111.67m. The petrography was completed by Dr Ben Grguric, principal of Mineralium Pty Ltd. and a mineralogist with industry leading credentials particularly in the field of nickel sulphide systems. Similar analysis was completed on each of MAD31 and MAD181 Drilling to Resume at Mt Alexander', with the significant difference being that samples from MAD31 were around 110m downhole whereas samples from MAD181 were from approximately 550m downhole. The intervals examined in MAD31 are comparable to those in MAD181 in that they represent a mafic-ultramafic intrusive body which has invaded granitoid country rock and subsequently been altered. The geology in MAD31 consists of an intrusion with an upper felsic xenolith-rich, medium-grained mafic to leucomafic lithology, underlain by a thinner, medium-grained, dark ultramafic unit with the classic disseminated to matrix downward profile of increasing sulphide abundance, finishing in a body of massive sulphide. The entire package appears to have intruded a red medium to coarse-grained granitoid body which may have been the source of the abundant xenoliths present in the mafic unit. The intrusive geology identified in MAD31 was confirmed as the same as recognised in MAD181. This is consistent with St George's interpretation that the intrusive host unit commences near surface at the Cathedrals Belt and dips to the north-northwest. The unit has been identified by drilling along an east-west strike of more than 5.5km and down-dip to 600m. The unit is open laterally and at depth. There is potential for additional nickel-copper sulphides to be present across this large target horizon, both up-dip and down-dip from known nickel-copper sulphides. As with MAD181, the petrography determined that the nickel-copper sulphide mineralisation was hosted in a suite of intrusive mafic and ultramafic rocks - including mela-olivine gabbronorite - that is highly unusual in the Archean central Yilgarn where Mt Alexander is located. The mineralisation in MAD31 is more typical of a mafic-ultramafic system than a classic Archaean komatiitic system found in the Yilgarn on the basis of: Higher Cu content, given Ni:Cu ratios of 2.5:1 to 3:1 in the Mt Alexander disseminated and massive sulphides, compared to Agnew-Wiluna komatiitic mineralisation that typically has a Ni:Cu ratio of 10:1 to 30:1. High PGE content in the Mt Alexander massive sulphide - Pd + Pt of 4 to 6 g/t. Announcement • Feb 23
St George Mining Limited Announces Drilling Update at Mt Alexander Project, Located in the North-Eastern Goldfields St George Mining Limited announced that drilling of multiple strong EM conductors has commenced at its high-grade Mt Alexander Project, located in the north-eastern Goldfields. DRILLING OF NEW EM CONDUCTORS: Diamond drilling of new, strong EM conductors at the Investigators and West End Prospects has commenced. Drilling is underway to test the strongest of five off-hole EM anomalies identified from the DHEM survey in MAD185. This target is modelled with conductivity of 33,100 Siemens and predicted to be intersected at 340m downhole. The second target to be drilled will be the strongest of the two off-hole anomalies identified from the DHEM survey in MAD192. That conductor is modelled with conductivity of 55,550 Siemens and predicted to be intersected at 505m downhole.These conductors have an electrical signature consistent with massive sulphides. Each of MAD185 and MAD192 intersected thick mafic-ultramafic units with disseminated nickel-copper sulphides indicative of a fertile intrusive with prospectivity for higher grade mineralisation proximal to the hole. COVID-19 travel and movement restrictions introduced in Western Australia on 31 January 2021 have significantly impacted the availability of drill crews. A replacement crew was unable to travel to Mt Alexander for the scheduled shift change on 9 February 2021, and drilling has continued with a single shift since that date. A second drill crew is expected to arrive at Mt Alexander soon to allow drilling to resume 24/7. Seven diamond core (PQ-size) holes have been drilled at the Stricklands Prospect to provide samples of mineralisation for test work currently underway with XPS in Canada. A total of 483.2m was drilled for these metallurgical holes STD009, STD010, STD011, STD012, STYD013, STD014 and STD015. All drill holes were located within the existing resource envelope for Stricklands with abundant nickel-copper sulphides intersected for the required test work. Deeper drilling at Stricklands is also planned to test for potential extensions of the mineralisation down-plunge and below the existing resource envelope. STD015: Drilled to 83.9m downhole and intersected significant mineralisation between 67.3m and 73.1m downhole. STD014: Drilled to 57.7m downhole and intersected significant mineralisation between 36.5m and 50.6m downhole. STD013: Drilled to 59.1m downhole and intersected significant mineralisation between 30.9m and 50.6m downhole; STD012: Drilled to 85m downhole and intersected significant mineralisation between 66.7m and 71.69m downhole; STD011: Drilled to 60.6m downhole and intersected significant mineralisation between 33.5m and 48.7m downhole; STD010: Drilled to 66.8m downhole; STD009: Drilled to 70.1m downhole and intersected significant mineralisation between 42.85m and 50.75m Downhole; The core from the latest metallurgical holes is currently being cut, following which selected samples will be prepared for air freighting to Canada. St George is working closely with XPS to ensure further test work will be completed as soon as practicable. COVID-19 restrictions in Canada, including lockdown of certain areas, may impact on the timing for completion of the test work. Geological observations of metals are preliminary in nature and a conclusive determination of the nickel, copper, cobalt and PGE values of the sulphide mineralisation will be confirmed when laboratory assays are available. MLEM SURVEY FOR E29/548: A moving loop EM (MLEM) survey is scheduled in mid-March for areas of interest on exploration licence E29/548. The survey will search for discrete conductive bodies that may represent mineralisation within the large conductive features identified by the magnetotelluric (MT) survey carried out in this area in 2020. These conductive features trend east-west and are parallel to the highly mineralised Cathedrals Belt. Drilling of similar zones at the Cathedrals Belt confirmed the presence of thick intrusive-style rocks with potential to host significant nickel-copper sulphide mineralisation. Announcement • Jan 29
St George Mining Limited to Resume Drilling At Mt Alexander St George Mining Limited announced that drilling will start this week with the launch of a multi-faceted exploration campaign at its flagship high-grade Mt Alexander Project, located in the north-eastern Goldfields. DHEM surveys on the deeper drill holes completed last year identified 11 off-hole EM anomalies. The highest priority targets were identified from DHEM surveys in MAD185 and MAD192. Each of these holes intersected thick mafic-ultramafic units with disseminated nickel-copper sulphides indicative of a fertile intrusive structure with prospectivity for higher grade mineralisation proximal to the hole. Five off-hole EM anomalies were identified from the DHEM survey in MAD185. Two of these are modelled with EM plates that have very strong conductivity of 33,100 Siemens and 14,225 Siemens, respectively. The DHEM survey in MAD192 identified two off-hole anomalies that have been modelled as EM plates with very strong conductivity of 55,550 Siemens and 26,000 Siemens, respectively. The MT survey completed at Mt Alexander in 2020 identified deep conductive features along the Cathedrals Belt. Deep drilling of these features confirmed the presence of thick intrusive-style rocks with potential to host significant nickel-copper sulphide mineralisation. The MT survey also identified a series of similar deep conductive features about 2km north of the Cathedrals Belt. These features are located on E29/548 (100% St George) and are parallel to the Cathedrals Belt. The shallow nickel-copper sulphides already discovered at Investigators have recorded strong yellow (conductive) responses in the data. Similar conductive responses were recorded on E29/548, which are shown as extending from surface to depths beyond 1km from surface. An aeromagnetic survey completed over E29/548 in 2016 by St George also recognised numerous east-west trending structures to the north of the Cathedrals Belt. A number of these features are coincident with the MT anomalies and may indicate deep seated structures. Drill holes MAD180 and MAD181 were designed to test the deep Investigators MT anomaly, which dips to the north-northwest, and the holes were therefore located to the north of the previous drilling. Both drill holes intersected mineralised ultramafic rocks approximately 500m to the north of Investigators. This supports the potential for other similar MT survey structures to host intrusive mafic- ultramafic units that are prospective for massive nickel-copper sulphide mineralisation. A MLEM survey a ground-based EM survey is planned for First Quarter 2021 over a priority area of E29/548 where deep structures were identified by the MT survey. The MLEM survey will search for conductive bodies at depth that may represent nickel-copper sulphides. This is the first EM survey that has been specially designed to investigate the east-west structures on E29/548. A drill programme for E29/548 will then be prioritised subject to a review of the survey results. MAD181 was drilled at Investigators to a downhole depth of 794.5m to test a broad conductive feature identified by the MT survey. The hole intersected a 49.45m thick mafic-ultramafic unit from 502.3m downhole. Petrographic analysis was completed on 7 samples of drill core across the intrusive interval. Polished thin sections of the core were examined using optical microscopy in transmitted and reflected light using an Olympus BH2 microscope. The petrography was completed by Dr Ben Grguric, principal of Mineralium Pty Ltd. and a mineralogist with industry leading credentials particularly in the field of nickel sulphide systems. The petrology has identified two main intrusive rocks, an upper leuconorite from 502.3m to 541m and a basal mela-olivine gabbronorite unit from 541m to 551.75m downhole. This is a suite of intrusive mafic and ultramafic rocks that is highly unusual in the Archean central Yilgarn where Mt Alexander is located. Announcement • Jan 28
St George Mining Limited (ASX:SGQ) acquired Exploration Licence E29/972 and E29/1041. St George Mining Limited (ASX:SGQ) acquired Exploration Licence E29/972 and E29/1041 recently. Announcement • Dec 23
St George Mining Limited Provides Exploration and Development Update on Mt Alexander Nickel-Copper Sulphide Project St George Mining Limited provided an update on exploration and development activities at its flagship Mt Alexander Project, located in the north-eastern Goldfields. DHEM surveys in drill holes MAD185, MAD192 and MAD193 have identified a total of 11 off-hole EM anomalies for follow-up testing. A diamond drill rig is scheduled to arrive at site in late January 2021 to commence drilling of these exciting targets. Each of MAD185, MAD192 and MAD193 intersected disseminated nickel-copper sulphides on the basal contact of the same mafic-ultramafic intrusive unit, a positive indication for the potential presence of massive nickel-copper sulphides along strike from these holes. The first two targets to be drilled in 2021 will be the strongest of the off-hole conductors identified from the DHEM survey in each of MAD192 and MAD185. These two conductors, modelled with very high conductivity of 55,550 Siemens (MAD192) and 33,100 Siemens (MAD185) respectively, are outstanding targets for the discovery of new massive nickel-copper sulphide mineralisation. The conductors are located down-dip from the two drill holes and known massive sulphides, which is a favourable location for potential larger accumulations of mineralisation at depth. An RC resource definition drilling programme has been designed for the Investigators and Cathedrals Prospects. An RC rig is expected to arrive at site in mid-February 2021 to commence the drill-out with more than 10,000m of drilling planned. At Investigators, drilling will include the testing of at least 20 EM conductors (and potentially more) which have been largely identified from DHEM surveys completed in drill holes at Investigators. These conductors are located between or closely along strike from known nickel-copper sulphides intersected in previous drilling and are interpreted to indicate continuity of the known massive and semi-massive sulphides. The large number of conductors suggests that a significant volume of nickel-copper sulphide mineralisation is likely to be identified by the drilling of the conductors. The proposal for a starter mine operation at Mt Alexander envisages that mining will potentially commence at the Stricklands Prospect to be followed by mining at Investigators and Cathedrals. Each of these areas hosts high-grade nickel-copper-cobalt-PGE mineralisation that commences 30m from surface. In 2020, resource definition drilling was completed at Stricklands to delineate a resource estimate for the shallow high-grade mineralisation discovered there. The drill-out focused only on the shallow mineralisation, between 30m to 100m below surface, and did not include a drill-out of deeper extensions consistent with the concept of a starter mine that can be executed quickly and for a very low capital cost. The resource estimate for Stricklands will be finalised once the metallurgical test work for Stricklands is completed. This will allow an accurate estimate of the amount of mineralisation that can be classified as economic ore and enable completion of pit optimisation work. XPS (Expert Process Solutions), based in Sudbury in Canada, has been mandated to complete detailed test work on the metallurgical performance of the Stricklands mineralisation and to develop a flowsheet for the potential mining and processing of the Stricklands ore. Multiple metals nickel, copper, cobalt and PGEs are comprised in the ore, requiring a very comprehensive range of test work to best optimise the value that can be attained from the processing. Interim results from the test work are very positive and indicate: The combined oxide and fresh composite is amenable to the production of separate nickel and copper concentrates from conventional flotation circuits, Overall copper recoveries of 91% to 93%, Overall nickel recoveries of 73% to 84% and Talc up to 1% to 1.5%, which can be suppressed in the flotation process. The concept for mining at Stricklands envisages an open pit. Material that would be mined in this scenario includes partly oxidised mineralisation (both disseminated and massive) at the top of the deposit followed by fresh sulphide mineralisation (both disseminated and massive) below. This material would represent the Life of Mine (LOM) ore feed. A master composite sample for metallurgical testing was prepared incorporating all mineralisation types. Test work results have shown that recoveries from the oxidised disseminated mineralisation are poor and therefore this small volume of material is unlikely to be classified as ore. In light of this result, and despite the low overall volume of expected oxidised disseminated mineralisation approximately 5% of the overall volume, the master composite sample does not now reflect the true LOM ore. A new master composite sample needs to be prepared for completion of final test work that will represent the actual LOM feed and allow for a robust and reliable flowsheet to be developed. Some additional metallurgical drill holes will be completed in early 2021 to provide further samples to be shipped to XPS. The scoping study for the Stricklands starter mine is progressing well despite a number of delays caused by COVID-19 restrictions in Western Australia and in Canada. The impact included limitations on completing work and have prevented us meeting the initial target of delivering the scoping study in quarter fourth 2020. Environmental studies have been completed. Final metallurgical test work, and subsequently the resource estimate, are required to complete the scoping study. This information is critical to the mine design and development, the mining production schedules and the completion of financial modelling. Announcement • Dec 04
St George Mining Limited Announces Multiple New EM Conductors Identified at High-Grade Mt Alexander Nickel-Copper Sulphide Project St George Mining Limited ("St George" or "the Company") announced that multiple new EM conductors have been identified through ongoing exploration at its Mt Alexander Project, located in the north-eastern Goldfields. DHEM surveys on three recently completed deeper drill holes have identified a number of new EM conductors. Drill holes MAD185, MAD192 and MAD193 each returned thick intersections of the mafic-ultramafic unit that spans more than 5km across the east-west oriented Cathedrals Belt. Importantly, each hole also intersected an interval of disseminated nickel-copper sulphides on the basal contact of the mafic-ultramafic unit. This geology is highly encouraging for the potential presence of massive nickel-copper sulphides nearby. The identification of off-hole EM conductors in each of these holes is an exciting exploration result that further supports the potential to discover nickel-copper sulphide mineralisation proximal to these holes. MAD185 DHEM Results: MAD185 was completed to a downhole depth of 361.2m and intersected a 25.6m thick ultramafic unit from 300.47m downhole which included a 15m thick ultramafic with disseminated and blebby nickel-copper sulphides from 311.3m downhole. For further details of MAD185. The first attempt to conduct a DHEM survey in this hole was unsuccessful because of a blockage at around 300m downhole. That incomplete DHEM survey indicated that the DHEM probe was approaching an anomalous response at depth. A DHEM survey of MAD185 was successfully completed last week with five anomalous responses recorded. Two of the EM plates are modelled with very strong conductivity of 33,100 Siemens and 14,225 Siemens, respectively. These are interpreted to have a massive sulphide source. The other three EM plates are modelled with conductivity of 1,000 Siemens (two plates) and 2,000 Siemens suggesting the source may be network textured sulphides or heavily disseminated sulphides. The presence of multiple EM plates in this area is likely the result of structural complexity, given the presence of faulting in drill core. This has the effect of dislocating the plates in what may have been a larger accumulation of sulphides. Further drilling in this area, including below the plates and down-dip of the plates, will further investigate this concept. MAD192 DHEM Results: MAD192 was completed to a downhole depth of 500m to test an EM plate modelled with conductivity of 49,000 Siemens. The hole pierced the modelled plate but did not identify any conductive material to account for the very strong conductor. Encouragingly, MAD192 intersected a 30m thick mafic-ultramafic unit from 440.5m downhole. The intrusive unit included a 6m interval of disseminated sulphides, which is an indicator that the drill hole is likely on the margin of higher-grade mineralisation. A DHEM survey of MAD192 has identified two very strong conductors located approximately 20m to the east and north-east respectively of the original 49,000 Siemens plate. With the addition of the MAD192 DHEM information, two new EM plates have been modelled with conductivity of 55,550 Siemens and 26,000 Siemens, respectively. The revised location of these EM plates is most likely because of their very high conductance and structural complexity, resulting in difficulty in conclusively modelling the original MAD184 data from which the 49,000 Siemens plate had been modelled. The use of DHEM data from multiple holes (MAD184, MAD192 and MAD193) has resulted in higher confidence in the modelling of the latest plates. MAD193 DHEM Results: MAD193 was completed to a downhole depth of 487.7m to test an EM plate modelled with conductivity of 16,200 Siemens. MAD193 intersected a 16.6m thick mafic-ultramafic unit from 449.3m downhole that included a 3.7m thick ultramafic with disseminated nickel-copper sulphides from 462.2m downhole. As with MAD185 and MAD192, the mineralised mafic-ultramafic unit intersected by MAD193 is preserved which supports the potential for the proximal presence of nickel-copper sulphide deposits that are intact and unaltered. MAD193 did not intersect any conductive material to explain the conductor being targeted. The DHEM survey in MAD193 has identified a cluster of four EM anomalies with four discrete EM plates modelled. The conductivity of the plates is 4,585 Siemens, 2,850 Siemens, 1,560 Siemens and 1,325 Siemens, respectively. Announcement • Nov 17
St George Mining Limited Announces Drilling of Strong EM Conductors at MT Alexander Delivers Further Positive Results St George Mining Limited reported ongoing positive exploration results at its Mt Alexander Project, located in the north-eastern Goldfields. Potential for a new discovery: MAD192 was completed to a downhole depth of 500m to test a plate modelled with conductivity of 49,000 Siemens - being the modelled plate for one of two very strong conductors identified from the DHEM survey in MAD184. The new conductors are within the West End Prospect, which covers the underexplored western extension of the Cathedrals Belt. They are located more than 800m to the west of previously intersected massive sulphides on the Cathedrals Belt and are the deepest conductors ever identified in the Cathedrals Belt. The discovery of massive sulphides at this location would represent a new discovery that could extend the strike of mineralisation across the Cathedrals Belt to more than 6.3km.
MAD192 confirms a fertile target horizon: MAD192 intersected a 30m thick mafic-ultramafic unit from 440.5m downhole. These types of intrusive rocks
are known to host massive sulphide deposits in other parts of the Cathedrals Belt. The intrusive unit included a 6m interval of disseminated sulphides, which is a potential indicator of massive sulphides nearby. MAD192 did not intersect any conductive material that could account for the 49,000 Siemens EM conductor, which is the deepest conductor detected so far along the Cathedrals Belt. A DHEM survey will be completed in MAD192 to provide additional data from which the location and geometry of the powerful conductor can be reviewed, and a further target plate modelled for drill testing. The data from the DHEM survey in MAD184, which was used to model the new conductors, is considered very good. The two strong EM anomalies recorded in the data are high quality conductors that are interpreted to represent bodies of bedrock-hosted massive sulphide mineralisation. Drilling 24/7: A second drill crew arrived at site last week, allowing the escalation of drilling to a 24/7 basis. MAD193 is currently being drilled to a planned depth of 475m. The drill hole is designed to test the strong 16,200 Siemens conductor identified from the DHEM survey in MAD184. A DHEM survey crew is expected at site by this weekend to complete DHEM surveys in MAD192 and MAD193. A DHEM survey will also be completed in MAD185 which will be re-opened to allow survey beyond the blockage in the hole. Announcement • Oct 06
St George Mining Limited announced that it has received AUD 0.05236 million in funding St George Mining Limited (ASX:SGQ) announced private placement of 5,440 common shares a price of AUD 0.25 per share for gross proceeds of AUD 1,360 and 5,000 common shares a price of AUD 0.20 per share for gross proceeds of AUD 1,000 and 277,778 common shares a price of AUD 0.18 per share for gross proceeds of AUD 50,000.04 on March 27, 2018. The transaction included participation from sophisticated investors. Announcement • Sep 14
St George Mining Limited Announces Excellent Results from Metallurgical Test Work on Nickel-Copper Sulphide Mineralisation from its Mt Alexander Project St George Mining Limited announced excellent results from metallurgical test work on nickel-copper sulphide mineralisation from its Mt Alexander Project, located in the north-eastern Goldfields. Preliminary metallurgical test work has been completed by Strategic Metallurgy Pty Ltd. in Perth on samples of massive and disseminated mineralisation from drill hole MAD177 completed at the Investigators Prospect. The objective of this test work was to assess if nickel and copper could be recovered into separate saleable concentrates by flotation process, and to determine the PGE deportment in the concentrates. The results are very favorable and are likely to have a positive impact on project economics for a potential mining operation at Mt Alexander. Excellent Metallurgical Results: Two composites representing both massive and disseminated mineralisation from MAD177 were assessed as part of the test work programme. An analysis of the PGE content confirms significant values for a number of highly sought after PGEs. In particular, Palladium and Rhodium both of which are currently trading at historically elevated prices occur at levels that are expected to attract very valuable smelter credits. Separate clean concentrates were produced for nickel and copper from each of the massive and disseminated sulphide samples. The disseminated sulphides included elevated magnesium indicative of talc, which was successfully depressed in the flotation process resulting in a clean, saleable nickel concentrate being produced from the disseminated sulphides. The important Fe:MgO ratio was more than 100 in the nickel concentrate from the massive sulphides an excellent result. The Fe:MgO ratio for the nickel concentrate from the disseminated sulphides was 6.8 lower but still acceptable for a saleable concentrate. The potential blending of the two concentrates has not been assessed but is likely to provide an opportunity to optimise the overall nickel concentrate produced. This will be further investigated in more detailed metallurgical test work. Although the test work programme targeted split flotation of nickel and copper, the ore samples are just as amenable to bulk flotation techniques with similar recoveries. The individual metal grades for any bulk flotation are yet to be assessed. The availability of bulk flotation is likely to provide alternative strategies for the processing and marketing of ore recovered from any potential mining operation. Assays returned: 10.5m @ 4.82% Ni, 1.67% Cu, 0.15% Co and 2.87 g/t total PGEs from 182.5m, including 4m @ 7.53% Ni, 2.47% Cu, 0.23% Co and 3.92 g/t total PGEs from 186m. Platinum group metals include high levels of Palladium and Rhodium with assays indicating total PGEs of 10.5m @ 2.33g/t Pd and 0.08g/t Rh from 182.5m including 4m @ 3.23g/t Pd and 0.1g/t Rh from 186m. Silver was also elevated in the massive sulphides with 10.5m @ 8 g/t Ag from 182.5m. Both massive sulphides and disseminated sulphides from MAD177 were included in the latest metallurgical test work. The Test Work for Investigators: The composite sample sizes comprised 34.8kg of massive sulphide ore and 16.2kg of disseminated sulphide mineralisation. Samples were prepared to a primary grind size of P80 75µm. Standard reagents were applied to the samples and all sulphide minerals floated readily. Eleven flotation tests were completed six on the massive sulphides and five on the disseminated sulphides. Rougher concentrates were processed through a cleaner and scavenger process to produce a final concentrate. The test work demonstrated the ability to produce separate clean nickel and copper concentrates at saleable grades from both the massive and disseminated sulphide mineralisation. The results of this work provide an initial indication as to the metal recoveries and concentrate grades. Detailed work will be completed in due course and include further optimisation work. A broader selection of drill holes at the Investigators Prospect will be used to provide a more definitive metallurgical assessment for use in a scoping study for the potential mining of ore at the Investigators Prospect. Advancing to a Mine Stricklands Prospect Metallurgical test work is also underway with XPS in Canada on the mineralisation from the shallow, high- grade Stricklands deposit. XPS has been engaged by St George to assess the metallurgical performance of the Stricklands mineralisation and to develop a flowsheet for the potential mining and processing of the Stricklands ore. Eight PQ-size diamond core drill holes were completed during June 2020 at Stricklands with approximately 300kg of samples from these holes delivered to XPS for detailed test work. These are considered representative samples across the orebody at Stricklands which will enable a robust metallurgical assessment that can be incorporated directly into the scoping study for a potential mine at Stricklands. Of the shallow high-grade discoveries along the Cathedrals Belt, Stricklands is considered the most amenable to a potential low-cost, high-margin open-pit mining operation and is the first of the deposits to be assessed under a formal scoping study. The company expects to provide results from the scoping study in fourth quarter of 2020. Announcement • Sep 12
St George Mining Limited (ASX:SGQ) acquired tenement E29/1041 for AUD 0.06 million. St George Mining Limited (ASX:SGQ) acquired tenement E29/1041 for AUD 0.06 million on July 24, 2020. Under the deal, St George Mining issued 0.6 million shares of its common stock in the transaction.
St George Mining Limited (ASX:SGQ) completed the acquisition of tenement E29/1041 on July 24, 2020.