Ann: St George Signs MoU with Global Battery Investor, page-2

OK Guys we can now change this to a "screaming buy"!

30 November 2022
ST GEORGE SIGNS MOU WITH GLOBAL BATTERY MATERIALS INVESTOR
Strategic relationship underpinned by Mt Alexander Lithium Project potential
HIGHLIGHTS
• St George and Shanghai Jayson New Energy Materials Co., Ltd (“Jayson”) enter into a
Memorandum of Understanding (“MoU”) to establish a strategic relationship to pursue
lithium business opportunities
• Jayson is a globally significant supplier to the clean energy sector and the world’s
leading producer of cathode precursor materials for lithium-ion batteries
• Two of the most prominent business leaders in the clean energy sector are linked to
Jayson:
◆ Mr Feng Liang, the major shareholder and Chairman of both Jayson and
PUTALAI – the global leader in the field of lithium-ion battery anode materials
◆ Mr Zeng Yuqun, the major shareholder and Chairman of CATL – the world’s
leading manufacturer of lithium-ion batteries, and a co-investor with Jayson in
mineral projects
• Under the strategic relationship, St George and Jayson will consider partnering on
lithium-related business opportunities in Western Australia including:
◆ investment and offtake opportunities at St George’s Mt Alexander Lithium
Project
◆ funding support for St George to enable business expansion and development
◆ the acquisition and development of new lithium exploration projects
◆ the development of downstream lithium assets in Western Australia
• Meanwhile, St George continues drilling and other exploration activities at the Mt
Alexander Lithium Project, with assays pending


John Prineas, St George Mining’s Executive Chairman, said:
“We are excited about this important strategic relationship with Jayson, a global leader in the new
energy sector.
“St George has consolidated a dominant landholding at the new Mt Ida Lithium Province with control
of more than 15km of a prospective pegmatite corridor parallel to the Copperfield Granite.
“High-grade lithium has already been confirmed by laboratory assays in pegmatite outcrops across an
area 1.7km north-south and more than 3km east-west.
“Drilling as well as further field sampling and mapping at our broader tenure are underway, with
excellent potential to significantly expand the footprint of lithium mineralisation.
“The early stage success of our lithium strategy at Mt Alexander has attracted significant market
interest and we are delighted that Jayson has recognised this fast-growing opportunity.
“Our strategic relationship with Jayson will strengthen our capacity to advance Mt Alexander and
unlock the full potential of our large landholding in this new lithium province in Western Australia, the
world’s best hard-rock lithium address.
“Our MoU also extends to new project generation in Western Australia as well as downstream
processing opportunities, providing our respective companies with a diverse range of options to
continue building strong businesses in the clean energy sector.”