SGQ 3.23% 3.2¢ st george mining limited

Western Areas

  1. 452 Posts.
    lightbulb Created with Sketch. 152
    One thing that has puzzled me about SGQ has been the lack of interest shown by WSA in the exploration results achieved on the EL in which they have a 25% interest. MT Alexander barely rates a mention in any of their presentations/annual reports under the heading "Exploration"
    e.g WSA Annual Report this year
    "MT ALEXANDER JOINT VENTURE (WSA 25% NONCONTRIBUTING INTEREST) With regard to E29/638 at Mt Alexander, Western Areas Limited is in a Joint Venture with St George Mining Limited (SGQ). SGQ is the Manager of the Project and has a 75% interest. WSA retains a 25% noncontributing interest in the Project until there is a decision to mine."
    Full stop
    No more information yet their other exploration projects don't appear to be any where near as advanced as SGQ.
    My question is ;why the lack of interest?
 
watchlist Created with Sketch. Add SGQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.