3 St George Mining Limited Annual Report 2024 Gerais is a top mining jurisdiction – with ready access to infrastructure and services that will assist to expedite potential development. We believe the Araxa Project can become a sustainable and competitive niobium mining operation of global significance. The acquisition of the Project is expected to be completed in Q3 2024 and will herald a new era for St George. We will talk more about the Araxa Project once we have completed the acquisition. Back in Western Australia, we are prioritising exploration of lithium-gold opportunities at our Mt Alexander Project, which is situated within the ‘lithium super province’ in the Goldfields, as well as advancing copper-gold prospects at our Paterson Project, in the Paterson Province in the East Kimberley. Renewed M&A activity is sweeping the Paterson Province, led by Greatland Gold striking a deal to buy Newmont out of the Havieron gold-copper project and also acquiring the nearby Telfer gold mine. In addition, the market is anticipating Rio Tinto to field offers for its major Winu copper discovery, which could also lead to a broader consolidation of interests in the Paterson Province. Against this background of M&A activity, our exploration at the Paterson Project takes added significance. One of St George’s core strengths is our highly credentialled and experienced technical team, which has spent the year continuing the systematic exploration of our projects and ensuring we retain a strong pipeline of growth optionality. On behalf of St George’s shareholders, I thank them for their efforts and dedication. We believe our portfolio of critical metals projects offers exposure to a range of commodities that will be in high demand for the long term, providing the Company with an outstanding opportunity to create sustained value for shareholders. On behalf of the Board of Directors, I thank Shareholders for your support and patience during what has been a year of challenges. I look forward to catching up with many of you at our Annual General Meeting in Perth in November. John Prineas Executive Chairman
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