Ann: Successful Placement to Fund Mt Alexander Exploration, page-36

NICKEL
St George Mining gets $4m for drilling at Mt Alexander project

Ben Harvey | The West Australian
Monday, 12 March 2018 8:37AM

St George Mining executive chairman John Prineas.
WA nickel hopeful St George Mining has banked $4 million after tapping institutional and sophisticated investors for funding of its promising but rain-disrupted nickel-copper sulphide project near Leonora.
The Argonaut-led, 18¢-a-share placement was oversubscribed as investors jostled for exposure to the Mt Alexander project, which is based on a 4000m strike zone.
St George’s executive chairman, John Prineas, said he was “delighted” by the show of support from new and existing shareholders and expected drilling to start this week.
“This capital raising strengthens St George’s ability to deliver further shareholder value through continued exploration success, with the strong investor demand for the placement testament to the potential of our exciting Mt Alexander project,” he said.
“Drill hole MAD71 at the Stricklands prospect — with 17.45m of nickel-copper sulphides from 37m downhole — is the kind of thick and high-grade mineralisation which highlights the resource potential at Mt Alexander, something this drilling campaign will continue to test.”
Shares in St George rallied to 48¢ on the back of those results, released in December. The stock last changed hands for 20.5¢.