Some key words imho from the announcements after the last trading halt … its in the detail
20/6
Proceeds to fund Phase 2 of the 2019 exploration programme
The Placement will enable St George to further advance the 2019 exploration programme
The new funds raised under the Placement have strengthened our balance sheet ahead of commencing the exciting Phase 2 of our 2019 drill programme at Mt Alexander.established a strong foundation from which to further grow the scale of the high‐grade nickel‐ copper sulphide discoveries at Mt Alexander
27/6
New funds will support the upcoming drill programme
Funds from the placement will fund upcoming exploration at St George’s Mt Alexander Project and other projects as well as working capital and general corporate expenses.
9/7
A drill programme is scheduled to commence at Mt Alexander on or about 22 July 2019. Approximately 6,000m of drilling is planned, with additional metres likely to be added as further targets are prioritised for drilling
Drilling is scheduled to commence on or about 22 July 2019
Our technical team is at Mt Alexander this week to finalise sitepreparations. Further details of the planned drill holes will be provided priorto commencement of drilling
11/7
“We are also excited to have commenced a new and optimised EM programme on the western section of the Cathedrals Belt, which we believe is likely to generate more EM targets for drilling.”
The nature and depth of the cover, particularly at West End, has the ability to conceal ore-bodies. A new EM programme has been designed to see below the conductive cover. This will use high powered MLEM and fixed-loop EM (FLEM) surveys. The MLEM survey will utilise both traditional and Slingram configurations – the latter uses a sensor inside and outside of the survey loop, which results in the effects of palaeo-drainage and conductive cover being minimised
Figure 4 shows the areas to be surveyed in the current EM programme. The programmeis expected to be completed within approximately two weeks
Any targets generated by the EM programme will included in the upcomingdrill programme for Mt Alexander.
A largesoil survey is being planned for the broader area of the Fish Hook Prospect. The survey is scheduled to commencelater this month, following which an EM survey will be designed for Fish Hook to search for bedrock conductors at depth below the cover.
Eagerly awaiting the release of hole sequences and the review of the new EM programme which will hopefully highlight more targets to be included and the overlap of investigators will calibrate and increase the accuracy and precision … going to be threading the needle ,staving off the predators and independent all the way
Thanks JP for getting the funds now ! whether it translates to another more rig I would be surprised but welcome if so. Think this is the first time with more than one rig at the same time . best time to raise into a monster program . may get a blowoff low into some results by the end of next week if they start on time . these funds add to all the comments above …. And guess what there will be more but hopefully at a much higher price . Not much if any mention of being FULLY funded since the last TH and funding arrangements
How freakin exciting …huge program and I reckon may even see one at fishhook before this programme is done. gamechanger if the new Em comes off . liking he new eyes and expertise both internal and consulting along with newexco expertise . the finances are unusually muddled but will leave it to JP and the team . he knows whose been a knocking and sniffin round and what he’s got his hands on . Unique and being unlocked
Cashed up and good to go . get that xrf gun busy.
Nickel price rising and turned plus add the 30% premium $$$ for the clean product ( no As or MgO ) with all the credits Co PGE . hang tight don’t get
shaken out
This is my research… all imho …dyor bring on the drillbits
Good Fortune to All
Nickel69
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