Breakeven Date Change • Dec 30
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$7.64m in 2028. Average annual earnings growth of 45% is required to achieve expected profit on schedule. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Company Secretary & Independent Non-Executive Director Sarah Shipway was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 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 Board Change • Aug 18
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 • 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 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 • 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 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. 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). Share price has been highly volatile over the past 3 months (14% average weekly change). 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 (€20.0m 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). Share price has been highly volatile over the past 3 months (15% average weekly change). 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 (€21.7m 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. Board Change • Nov 17
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. 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. 
