St George Mining is developing a high-grade nickel sulphide project in the heart of Western Australia’s Goldfields region. The Company’s flagship Mt Alexander project, with four high-grade nickel-copper sulphide discoveries, is shaping as Australia’s next likely nickel mine.
The Perth-based ASX-listed company has kicked off the latest drill campaign which Executive Chairman John Prineas says is designed to transform St George Mining into a near-term producer with an increasing resource size.
The drill campaign underway is a key value driver for St George and comprises 13,000m of planned diamond and reverse circulation (RC) drilling.
John Prineas, St George Mining’s Executive Chairman, said:
“We are excited to be commencing this highly anticipated drill programme at Mt Alexander.
“The shallow deposits discovered to date confirm that the mineral system at the Cathedrals Belt hosts outstanding mineralisation with high grades of nickel, copper, cobalt and platinum group metals.
“Geophysical surveys completed earlier this year have confirmed the presence of conductive features beyond the current extent of drilling. This new data has generated compelling targets for the potential discovery of additional high-grade mineralisation which we will be drill testing in this campaign.
“Drilling will also be completed for the resource definition at the shallow Stricklands deposit. With high-grade mineralisation starting 30m from surface, we believe Stricklands can support a low capital cost, high-margin mining operation that we can fast-rack to development.”
Mt Alexander’s location, west of Leonora and close to existing infrastructure including BHP’s Leinster Complex, adds to this nickel sulphide project’s appeal.
Click here, to view the 2020 Drill Programme
About St George Mining Limited (ASX:SGQ)
The electric vehicle (EV) and energy storage revolution is advancing rapidly and will create unprecedented demand for key battery metals including nickel, which is the largest component in lithium-ion batteries – the critical power source for leading EV manufacturers like Tesla.
St George has made Australia’s latest nickel sulphide discovery at its flagship Mt Alexander Project in Western Australia. These shallow, high-grade deposits are located in an established mining region, ensuring a clear pathway to commercialization of the discoveries.
Drilling programmes continue to grow the resource inventory at this project, positioning St George to be a big winner as the nickel price rises with a clear upswing in the price cycle underway.