Ann: Mt Alexander - Drilling and Development Update, page-87

Hey @mulac1

I'm guessing they are very close to the S2 target and hopefully we have some news by Monday. Agree that S3 will be very interesting given it lines up with the MT/AMT target.

Yes MAD211 & 212 will hopefully add more nickel to the Stricklands shallow mining initiative which I think needs to happen very quickly for St George to become cash self-sufficient and put an end to all the CR fear, provided the flow sheets stack up to show it to be very profitable, which I'm expecting them to do.

Regarding, where the XPS Mini Pilot Plant will be located, it's anyones guess but given XPS Canada's very slow performance over the last 2 years, albeit due to the Covid challenges globally and given we don't know what the next Covid challenges will be, if they proceed with the Mini Pilot Plant I would prefer to see St George setting it up in WA using their readily available WA consultants to perform the work. Will be much quicker and more effective in my view.

I'm hoping that rather than use a sequential flow sheet optimisation approach where St George refines the flow sheet first then moves onto the next step in the process, if the profitability numbers stack up with the initial flow sheets and resource they have estimated so far they fast track the process to negotiate an off take agreement based subject to the final flow sheet results, resource growth potential, the mining permit and establishing a full scale portable processing plant in parallel to the mini plant. This will get the shallow mining started as quickly as possible. They can then feed the optimisation flow sheet into the larger portable plant setup and start digging up the ground much sooner to see exactly were the juicing sulphide veins lead, and will be much faster and more cost effective than the follow the bread crumbs dhem drilling to-date.

Hope this helps.

Cheers
SandyC