Ann: St George Steps Up Drilling at Mt Alexander, page-2

RE Fish Hook - as we thought - too shallow!

Large nickel-copper sulphide target identified at Fish Hook Prospect:
 Large conductive feature has been identified at Fish Hook by the just-completed
magnetotelluric (MT) and audio-magnetotelluric (AMT) surveys
 The new conductive feature is located below the high-order nickel-copper soil anomaly at
Fish Hook and is modelled to dip to the north-west, consistent with the known ultramafic
stratigraphy elsewhere in the Cathedrals Belt
 Seven reverse circulation (RC) reconnaissance drill holes have been completed at Fish Hook
but were too shallow to intersect the new conductive feature, which commences 250m
below surface
 Additional drilling is planned at Fish Hook to test this compelling target for nickel-copper
sulphides

Diamond drilling scheduled to commence this weekend:
 The first of two diamond drill rigs is due to arrive at site over the weekend, with the second
diamond drill rig expected shortly
 Diamond drilling will focus on testing the new, deeper conductive features identified by
the MT/AMT surveys with targets at the Investigators Prospect the first of the deeper
nickel-copper sulphide targets to be drilled
 Metallurgical drill holes will also be completed by diamond drilling at the Stricklands
Prospect as part of the scoping study into a potential mining operation

Resource definition drilling is underway:
 RC drilling has commenced at the shallow, high-grade Stricklands deposit to support a
JORC-compliant resource estimate expected to be announced in Q4 2020