SGQ 7.14% 2.6¢ st george mining limited

Ann: Quarterly Activities and Cashflow Report, page-4

  1. 13,065 Posts.
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    Plenty still going on, but it has been capital intensive, with more than $2M spent during the quarter with little good news to show from it, hence the 4c share price.

    Plenty of options of success still ahead of us with a busy third quarter of 2023:

    • Lithium Star: The acquisition of 14 exploration licences covering a total of 653 km2, with
    several licences located along strike from high-grade lithium deposits and established
    spodumene-producing lithium mines, is scheduled to complete early in Q3 2023

    • Ajana Project: Maiden drilling of co-incident large-scale gravity and magnetic anomalies
    commenced in early Q3 2023

    • Woolgangie Project: Maiden drill programme to test REE and lithium targets planned for
    Q3 2023
    at prospects west of Coolgardie and west of Kambalda

    • Paterson Project: Induced polarisation (IP) survey planned for Q3 2023 to assist in
    identifying further prospective targets for copper-gold mineralisation

    Plus additional geophysics and drilling planned to test the wider potential for lithium bearing pegmatites around Manta - Mt Alexander

    Last edited by coto: 31/07/23
 
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