Critical minerals explorer St George Mining has built a multi-commodity portfolio of future facing minerals, all within proven geology and situated in the tier one mining jurisdiction of Western Australia.
Heading session three of Paydirt’s 2024 Battery Minerals Conference today, executive chairman John Prineas said St George had acquired a strategic landholding in an emerging lithium province, which had also attracted the attention of existing producers with widespread pegmatite occurrences.
“Lithium and rare earths are our focus – we have already made discoveries and we are hoping to expand those. We also have copper and nickel projects,” Mr Prineas said.
“Our exploration projects are at different stages, some at discovery, some will have discoveries hopefully after drilling this year – it is a great time to be investing in St George, as it is a time we can create large multiplier returns for shareholders.”
St George Mining executive chairman John Prineas.
St George boasts a significant landholding in WA of 3,337sq km of granted exploration licences (39) and 5,533sq km of tenements in application (27).
In terms of rare earths prospectivities, the company has more than 70km of prospective ground, with a high-grade discovery already confirmed along a 10km clay zone.
“The Destiny Project is a clay-hosted rare earths discovery, which is quite a big landholding along the Ida Fault. We have had some great grades there of up to 5,125ppm TREO … and the scale is looking very good, with mineralised intercepts of up to 100m thick.
“We will be going back to Destiny this year to do resource definition drilling and also completing the metallurgical test work.”
While lithium has fallen out of favour somewhat with investors, quality projects will still get attention, particularly when they are located near existing spodumene producing mines and developments.
“The Mt Alexander lithium project is located right next to Delta’s Mt Ida project. We have quite a few big players around us and contact with the Copperfield Granite, which is the source of lithium bearing pegmatites.”
The conference will be held in Perth next week from 16 – 17 April at the Pan Pacific Perth.
The full programme is available at https://www.batterymineralsconference.com/programme/ – or for registration inquiries contact Georgia Tully at georgia@paydirt.com.au.
