@Xenius very unique - polymetallic with a 30%premium for the...

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Nickel69

122 Posts.

174

05/08/19

22:26

Post #: 39872294

@Xenius very unique - polymetallic with a 30%premium for the credits is being touted to assist the economics ... palladium

email 25/07/2019 exerpts ... cut and pastie ; for those not on the company email list Good fortune to All Nickel69

Dear Investor, St George Mining Limited (ASX: SGQ) (‘St George’ or ‘the Company’) is pleased to attach a feature article ( paid ? ) on the Company’s flagship Mt Alexander Project

The location is also likely to create M&A opportunities for St George as other nickel producers in the region – notably BHP and Western Areas – eye off Mt Alexander’s pristine high-grade mineralisation as feed for their nearby processing plants.

Preliminary metallurgical testing of the nickel-copper sulphides from Mt Alexander produced separate nickel and copper concentrates from a simple flotation process with grades of 18% Ni and 32% Cu, respectively. The nickel concentrate included cobalt at 0.55% Co as well as 13.5g/t PGEs – both of which will attract high smelter credits.

The concentrate had low levels of MgO and no deleterious elements like talc or arsenic, making it likely to attract a premium and attractive for blending with lower quality ore.
On left: Map showing the regional location of the Mt Alexander Project, highlighting its proximity to infrastructure and existing nickel processing plants.

Access to existing infrastructure plus the shallow occurrence of the Mt Alexander mineralisation – with high-grade nickel-copper sulphides starting 30m from surface – are likely to support a relatively low capex for project development.
Key project features – shallow mineralisation, existing infrastructure and high value concentrate – support favourable economics which will be assessed by St George’s scoping and feasibility studies.
“St George is ideally positioned to develop a high-margin, low-cost mining operation in WA as the nickel market surges,” Prineas said.

Mt Alexander shot to prominence as Australia’s latest nickel-copper sulphide discovery with numerous intersections of high-grade nickel-copper sulphides commencing from a very shallow 25m from surface including: