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2.5¢ st george mining limited

Ann: Multiple New EM Conductors at Mt Alexander, page-50

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stag11

3,492 Posts.

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07/12/20

09:32

Post #: 49383682
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Originally posted by SandyC: ↑

Hi @stagg11

I seriously doubt that St George will release a JORC on its own as the shallow resource at Stricklands will be too small. They need to show how much money it makes as that will be the key driver.

All I know is that their Canadian research partner is still doing the metallurgical work and that once those results are known St George will then need to analyse and do the mining feasibility on it all to validate the expected profitability of the initial shallow Stricklands mining operation. This analysis would most likely take another 4 to 6 weeks with the holiday period upon us.

As such with just over 2 weeks until the Christmas shutdown I think the probability of a full feasibility announcement is very low and if there is an announcement it will probably be an update on progress.

Cheers SandyC

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I would direct your attention to this Sandy....definitely says Jorc for the shallow deposit at Stricklands at the Perth Nickel conference. It was also mentioned again in another report.

SGQ Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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