Critical minerals explorer St George Mining (ASX: SGQ) signed off on a June quarter during which it focused on advancing rare earths and niobium targets at its Destiny project, near Kambalda in Western Australia’s Goldfields region.
Gravity surveys were completed over the stand-out target, C1, which is a circular feature that spans 2.1km in diameter and confirmed to have a low magnetic/gravity high core. This combination strongly supports the potential for a late-stage intrusion – including a carbonatite that could be prospective for niobium and/or rare earth elements. The geophysical characteristics of C1 are similar to known mineralised carbonatites in WA including the Mt Weld rare earths project of Lynas Rare Earths (ASX: LYC) and the Luni niobium discovery of WA1 Resources (ASX: WA1).
St George also advanced its lithium exploration plans at Mt Alexander, in the northern Goldfields, during the quarter.
Multiple new lithium drill targets were identified at Mt Alexander following a project-wide review of lithium prospectivity by ERM (formerly CSA Global). High-priority lithium targets include an area proximal to the contact of the Copperfield Granite with the Mt Alexander greenstone belt, which is a favourable geological setting for potential lithium deposits and an analogue to the significant lithium discovery by Delta Lithium (ASX: DLI) at its nearby Mt Ida project.
St George ended the quarter with $2.5 million in cash.
