Short Term Trading Weekend Lounge: 18-20 Oct, page-10

STTCOMP SGQ FA LONG

St George Mining Ltd. - high-grade nickel-copper-cobalt-PGEs WA

SOI = 368 Million + 24.5 Million options
Share price = .17c
MC = $62.5 Million
Cash = $2.3 Million (30/9/19)
Top 20 hold 27%.

Mt Alexander – St George’s Flagship Nickel-Copper Sulphide Project• Highly prospective and strategic tenement holding next to Tier 1 assets• Located S-SW of world class nickel and gold mines of the Agnew-Wiluna Belt• Close to infrastructure, processing plants, mining workforce & service industry.
Shallow Mineralisation:• Low cost drilling/low cost potential miningExisting Infrastructure:• Established mining centre• Close to roads, power and workforce• Potential lower capex and/or toll treat High Value Concentrate:• High grade Ni, Cu + credits for Co, PGEs• Amenable to blending• Clean and high grade concentratewill attract a premium price.

Looks like we are expecting a lot of news flow in coming days/weeks:-

Radar Prospect:
Earthworks have been completed for the drill pads required for the follow-up drilling of the MAD152 discovery hole at Radar – see ASX Release 2 September 2019 ‘New Discovery of Nickel-Copper Sulphides’.Drilling at Radar due to commence.

Bullets Prospect:Earthworks have also been completed at Bullets for the inaugral drilling of EM conductors at this target area. Drilling at Bullets will be prioritised after drilling is completed at Radar.

Fish Hook Prospect:
The Programme of Works required to commence drilling at Fish Hook has been approved by the Department of Mines, Industry Regulation and Safety. Assays for the recently completed soil survey are expected within the next week, following which an EM survey and/or drilling will be progressed at Fish Hook.

West End Prospect:
The crew for the moving loop EM (MLEM) survey planned for West End is due to return to site shortly. They will complete the MLEM survey towards the Ida Fault in the western section of the Cathedrals Belt.Drill targets at West End will be finalised once the results of the MLEM survey are reviewed.

MAD161 was completed to a downhole depth of 300.9m at Investigators. The hole intersected the targeted mafic-ultramafic unit with a 15m thick intercept from 237.25m downhole including a 7m interval with sulphide mineralisation.
Drilling of MAD162 is currently underway. This hole is testing the area down-dip of the significant intersection in MARC128 at Stricklands (14m of nickel-copper sulphides with assays pending).