SGQ Worth a quick read see HAW is Mentioned • Initial field...

SGQ

Worth a quick read see HAW is Mentioned

• Initial field mapping and rock chip sampling at Mt Alexander confirms numerous
outcropping pegmatite dykes occurring in swarms which extend over 15km within St
George’s tenements

• The pegmatite dykes strike approximately east-west within a regional corridor
interpreted to host the major lithium discovery announced by Red Dirt Metals (ASX:
RDT) at its Mt Ida Project to the south-east (see ASX Release by Red Dirt dated 28
September 2021 Mt Ida – A New Lithium Province)

• Assays from initial pegmatite rock chip sampling (45 samples) at Mt Alexander have
returned anomalous values for lithium, caesium, tantalum and rubidium supporting the
potential for lithium mineralisation to occur at depth

• Values for rubidium – a key indicator element for potential lithium mineralisation in
weathered environments – are as high as 0.6% rubidium (Rb) with anomalous Rb seen
in initial sampling across the 15km project area

• Mt Ida is emerging as a new lithium province with significant developments in close
proximity to St George’s ground including:

o Ongoing discoveries by Red Dirt – see ASX Release by Red Dirt dated 27 July 2022
Sparrow North Pegmatite Discovery

o Exploration drilling by Zenith Minerals (ASX: ZNC) – see ASX Release by Zenith
dated 23 May 2022 New Lithium Exploration Project Secured

o Hancock entering into a lithium joint venture – see ASX Release by Hawthorn
Resources (ASX: HAW) dated 29 August 2022 Hancock executes agreement for
nickel, lithium and copper at Mt Bevan Project

• Systematic rock chip sampling and field mapping of pegmatites is underway at Mt
Alexander to finalise targets for drilling in Q4 2022