Page 49 - pd277-Nov19-mag-final-web_Neat

St George beats its own drum

t George Mining Ltd has patiently drilled the Cathedrals belt in
SWestern Australia and is on course to be an important player in
nickel as another boom in the sector is forming.
John Prineas, St George’s executive chairman, noted during his
presentation that nickel price upswings in 1988 and 2006 were com-
parable to the current day situation given the market has been in
deficit since 2015.
St George has been one of the most stoic nickel explorers on the
ASX and despite frequently asked questions about how close it is to
releasing a resource of some sort, Prineas has kept his cards close
to his chest and continued drilling with success at Mt Alexander.
“We’re drilling right up until Christmas with a very big ongoing
programme and have another potential greenfields discovery at
Fishook, which is 100% St George-owned. We don’t want to be un-
dervalued by putting out a resource too early,” Prineas said.
Stricklands, Cathedrals, Investigator and more recently Radar
(6m @ 2.14% nickel, 0.74% copper and 1.62 g/t PGM from 46m)
represent the fresh nickel sulphide discoveries made by St George
at Mt Alexander.
While Mt Alexander, subject to a JV with Western Areas Ltd (25%)
in Western Australia’s Goldfields, is yet to have a resource on it, the
work completed so far has Prineas confident that any potential min-
ing scenario can be triggered swiftly.
Walk a returned 99% recoveries of nickel and copper in bulk concentrates,
Preliminary test work using standard flotation and reagents has
including separate 89% nickel and 86% copper concentrates.
night in value 32% copper concentrate and nickel [18%], plus great credits John prineas
“There is nothing nasty like talc or arsenic contained, with high
in cobalt and PGEs,” Prineas said.
“It is a really good clean concentrate we think we can produce
their shoes from our mineralisation and one that will be attractive to blend and
one that we can produce ourselves in a standalone nickel-copper
concentrate with very high credits for the other metals.
“We do think there is an opportunity for a low-cost high margin
project emerging. The drilling is also low cost and it has low-cost
Sleepless nights are part and parcel of being mining potential because it is shallow.”
St George can leverage infrastructure from a host of operations
the parent of a sick child. Now you can walk nearby on the Agnew-Wiluna belt.
a night in their shoes and support Ronald Prineas said the established nickel producers in close proximity
McDonald House Charities Western Australia... would no doubt be keeping an eye on St George’s progress at Mt
Alexander, which could contain 50,000t nickel.
Join us for Up All Night. “We will keep on drilling and finding mineralisation, but in the
background we can start on scoping studies and when we are ready
This overnight walk, starting after dark and to get out a resource we can really hit the ground running and hope-
fully start production as quickly as possible into a strong nickel price
ending at dawn, places you in the shoes of the [environment],” Prineas said.
parents who stay with us at the House. “We are spoiled for choice in the Cathedrals Belt with 16km of
strike length. We have really only explored 5.5km of that strike length
and we have established mineralisation. We are really trying to ad-
By getting involved, not only will you be vance all of those prospects at the same time drilling out the east
showing that you care, but that you understand west strike, and testing the down-plunge extent. At some point one
of those is going to emerge as the more likely one for production.
a little bit of what they’re going through. “At the moment we are progressing everything as fast as we can
to see what will emerge.”
In the days after the conference, St George announced a $5
overNIGHT WALKING MARATHON million capital raising on the back of thick nickel-copper sulphides

NOVEMBER 30, 2019 struck 100m along strike of known mineralisation at Investigators
and confirmation of significant down plunge extension of high-grade
mineralisation at Stricklands (5m @ 2.97% nickel, 1.04% copper,
1,02 g/t PGEs from 83m, including 3m @ 4.34% nickel, 1.11% cop-
register at UpAllNight.org.au per, 1.05 g/t PGEs from 84m).
Use promo code paydirt for 50% off your registration – Mark Andrews

aUSTRaLIa’S PaYDIRT NOVeMBeR 2019 Page 49
20190912_AOU Nickel Conference.indd 1 12/9/19 3:53 pm

Night Walking Marathon - december 1

Register now at UpAllNight.org.au