WELCOME TO ST GEORGE MINING LIMITED

At its flagship Mt Alexander Project in Western Australia, St George boasts Australia’s latest nickel-copper sulphide discovery. High-grade nickel-copper-sulphide-PGE mineralisation occurs from just 30m below surface and over a 4.5km strike of the Cathedrals Belt.

The discovery continues to grow with ongoing definition drilling delivering further significant intersections of high grade mineralisation including:

MAD71 (Stricklands Prospect):

17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t total PGEs from 37.45m

                including the massive sulphide zones of:

5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t total PGEs from 39.3m;

2.02m @ 5.05%Ni, 2.01%Cu, 0.21%Co and 3.31g/t total PGEs from 50.6m; and

0.5m @ 3.68%Ni, 3.9%Cu, 0.17%Co and 2.68g/t total PGEs from 54.4m.

MAD56 (Cathedrals Prospect):

7.5m @ 3.90%Ni, 1.74%Cu, 0.12%Co and 3.32g/t total PGEs from 57.8m

                including

3.15m @ 6.36%Ni, 2.92%Cu, 0.20%Co and 5.03g/t total PGEs from 61.81m

MAD60 (Investigators Prospect):

5.3m @ 4.95%Ni, 2.75%Cu, 0.16%Co and 4.55g/t total PGEs from 157.9m

                including

3m @ 6.40%Ni, 3.55%Cu, 0.21%Co and 5.25g/t total PGEs from 159.38m

This major discovery comes at a time when the electric vehicle (EV) revolution and trend to alternative energy storage systems is gaining momentum  Demand for nickel sulphide – a critical battery metal – is forecast to surge with an upswing in the nickel price already underway.

Preliminary metallurgical tests of the massive sulphides at Mt Alexander produced concentrate with 18% nickel and 32% copper with high values for cobalt and PGEs.

The excellent exploration results at Mt Alexander build confidence in the resource potential at the Project and support Mt Alexander emerging as a major new nickel sulphide camp in Western Australia.

Our other projects – the Paterson and Broadview Projects - are located in exploration hotspots in Western Australia and provide additional value for the Company. 

Drill core from MAD177 (photo below) which returned assays of:

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.