St George Mining Ltd completes heavily oversubscribed raising
The placement included circa 43.2 million shares at $0.15 with one for five free attaching option exercisable at $0.20 on or before 30 June 2017.
Company
St George Mining Ltd
ASX:SGQ
St George Mining Ltd is focused on developing critical minerals projects in Brazil and Western Australia. In Brazil, the company has entered into a binding agreement to acquire the high-grade niobium-REE Araxa Project in Minas Gerais. In Western Australia, St George is progressing a portfolio of quality exploration and development projects that are focused on critical metals for the clean energy future.
467 stories · page 18 of 24
St George Mining Ltd secures funds to accelerate Mt Alexander discovery
The company raised A$6.47 million from sophisticated and institutional investors to accelerate exploration at the Mt Alexander high grade nickel-copper sulphide project.
St George Mining Ltd reveals more nickel-copper sulphide potential
The latest drilling at Mt Alexander has confirmed favourable geology for massive nickel-copper sulphide mineralisation.
St George Mining Ltd discovers massive nickel-copper sulphides at Mt Alexander
The successful drilling at Cathedrals and Stricklands has significantly increased the nickel-copper sulphide system at Mt Alexander. This could be substantially expanded by the imminent drilling at the Investigators Prospect.
St George Mining Ltd prepares the diamond rig for Mt Alexander
Nine of the ten targets to be drilled are located within the Cathedrals Belt, where every EM conductor drilled to date has been demonstrated to be nickel-copper sulphide mineralisation.
St George Mining Ltd discovers nickel-copper sulphides in Western Australia
St George’s discovery of massive nickel-copper sulphides at Stricklands is important in the evolving exploration model at Mt Alexander. It also confirms that the high grade mineral system in the Cathedrals Belt is much more extensive
St George Mining Ltd to drill bedrock conductors at Investigators Prospect
Investigators is located in the Cathedrals fault zone, and directly along strike from the Stricklands and Cathedrals Prospects where high grade nickel-copper sulphide mineralisation has already been discovered.
St George Mining Ltd hits high-grade nickel-copper at Cathedrals
Highlights include: 1.17 metres at 8.75% nickel, 3.37% copper, 0.24% cobalt and 6.16g/t total PGEs from 30.17 metres. More assays are pending, which will be followed by a new drilling program.
St George Mining Ltd identifies gold system potential at East Laverton
Assay results will provide a conclusive determination on the relationship between the favourable alteration encountered and the possible gold content.
St George Mining Ltd advances dual nickel and gold exploration programs
Drilling at Mt Alexander is scheduled to re-commence in the last week of June 2016, while drilling of gold targets at East Laverton has been brought forward and will commence next week.
St George Mining Ltd hits massive nickel-copper sulphides at Stricklands
The discovery of massive nickel-copper sulphides in the first ever drill program at Stricklands illustrates the strong potential that exists for additional new discoveries at Mt Alexander.