St George Mining
St George Mining
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West Australian explorer St George has linked with global clean energy sector investor and supplier Shanghai Jayson New Energy Materials to explore a strategic relationship underpinned by its Mt Alexander lithium project in WA’s NE Goldfields.
Exec chairman John Prineas says their non-binding MoU will strengthen St George’s capacity to advance Mt Alexander and its large landholding in the new hard-rock lithium province plus new project generation.
The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.
Exec chairman John Prineas says St George’s visual interpretation of lithium-bearing pegmatites has been confirmed as accurate by the first batch of laboratory assays.
The grades and scale appear to confirm a highly prospective pegmatite-hosted lithium mineral system in its early stage of evaluation.
The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.
Nickel explorer St George Mining has received commitments for an over-subscribed $A7M, $0.082cps raising to fund ongoing exploration at its flagship, high-grade Mt Alexander nickel-led sulphide project in Western Australia’s NE Goldfields.
Work to date has identified a high-grade nickel-copper-cobalt-PGEs project starting 30m from surface, a large underexplored mineral system and a location in an established mining region of WA where recent results have highlighted good targets for further discoveries.
Mining entrepreneur Terry Streeter has emerged as a major shareholder in West Australian nickel explorer St George as part of a heavily oversubscribed $A2.125M issue of 25M shares at 8.5cps. It will fund drilling on the Mt Alexander nickel project plus gold and nickel targets at East Laverton.
Exec chairman John Prineas welcomed the support of Streeter, whose past successes include founding Western Areas in 2000 and a major shareholding in Jubilee Mines prior to its sale to Xstrata in 2007.
West Australian explorer St George is planning a multi‐phase exploration program this year after completing the acquisition of the Mt Alexander high-grade nickel-copper sulphide project in the Agnew-Wiluna belt from BHP's Nickel West.
The $A300,000 deal went ahead after JV partner Western Areas chose not to exercise its pre-emption right over the deal in return for the issue of 3.5M shares. The deal includes off-take rights and a 1% base royalty for Nickel West on St George's 75% of the project.
St George Mining aims to strike a blow for junior explorers by going it alone with exploration of nickel targets at East Laverton in the NE Goldfields of Western Australia.
The Perth-based company says it will retain all nickel rights following the decision by BHP Billiton Nickel West to withdraw from its Project Dragon farm-in agreement at East Laverton, just four months after committing to $A3M expenditure.
St George Mining has lost BHP Billiton as a partner at its Project Dragon nickel tenements at East Laverton in Western Australia, just four months after the major exercised its option to begin earning a 51% interest.
BHP’s Nickel West unit had been a farm-in partner at Project Dragon, 200km NE of Kalgoorlie, since early 2011.
After spending $A600,000 on exploration during the initial two years, Nickel West committed to spend $3M over a further three years for 51% and had the potential to increase to 70%.
St George Mining’s determined pursuit of nickel opportunities is delivering a growing pipeline of 100%-owned prospects in Western Australia’s NE Goldfields.
The Perth-based explorer has outlined a significant new exploration target at its East Laverton property, where it hosts three extensive ultramafic belts prospective for nickel sulphide mineralisation.
Australian explorer St George Mining’s East Laverton project has caught the eye of BHP Billiton Nickel West, with the major opting to proceed with the Project Dragon farm in.
St George considers East Laverton, in Western Australia’s northeastern goldfields region, prospective for gold, nickel and copper.