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2.5¢ st george mining limited

Ann: Quarterly Activities and Cashflow Report, page-30

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mulac1

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22/10/21

17:15

Post #: 57008209
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Originally posted by mulac1: ↑

Some interesting points that I have taken out from the QR.

1. Starter mine met tests: Sequential flow sheet (seperate ni/cu flotation) deemed to result in better recoveries than bulk flow sheet. Final test work proceeding on that basis with further test work results later Q4 2021.

2. Drilling hasn't started at Patersons: Rig not available as expected, Alternative rig being sought.

3.Seismic survey completed for 3 of 5 lines: Three lines completed at West End/Investigators...results pending.

4. Infil drilling at Cathedrals: 33 RC holes completed...assays pending (no XRF provided?)

5. New Tech Team: Dave O'Niell has gone and Dave Mahon steps up to lead the technical team with two new full time exploration geologists.

6. Cash: enough for 2.7 quarters...more will need to be raised

Cheers
Mulac1

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I also noticed in the Quarterly that three new regional tenements were granted during the quarter....

E70/5521 and E70/5522 at Ajana, Northampton (granted during the quarter)
E37/1382 at Stuart Meadows (granted during the quarter)

Anyone got access to a visual for these tenements?

Cheers
Mulac1

SGQ Price at posting: 7.2¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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