Commencing a Scoping Study: SGQ has commenced preliminary work...

Commencing a Scoping Study: SGQ has commenced preliminary work on a Scoping Study on the Mt Alexander Project. The Company has appointed environmental consultants to commence base-line flora and fauna surveys. Studies into potential mine development will commence shortly. Argonaut estimates the current mineral inventory could be initially up to 50kt contained Ni Eq. Given that all four mineralised prospects commence within 50m of surface, there is a potential for numerous small open pits. The competent nature of the granite country rock, means that pit walls could be designed at steep angles, reducing strip ratios. We believe mineralisation could either support a small on-site wash plant or tolling to a number of processing facilities within trucking distance, including Sinclair (SAR), Cosmos (WSA) or Leinster (BHP).