St George Mining Limited (ASX: SGQ) has expanded its lithium and nickel project pipeline into the world-class Mt Holland region of Western Australia.
Highlights:
- St George has entered into a binding agreement pursuant to which it can acquire an interest in lithium and nickel rights of certain tenements within an area “Area of Influence” covering part of the Mt Holland lithium and nickel province.
- Significant lithium occurrences and deposits are located within the Area of Influence including the Earl Grey lithium project owned by Covalent Lithium, a joint venture between Wesfarmers Limited and Chilean lithium giant SQM
- A potential 40km strike of the Forrestania nickel belt is interpreted to occur within the Area of Influence, supporting the potential to host nickel sulphide mineralisation
“We are very pleased to have concluded the binding agreement for this opportunity which relates to part of the world-class Mt Holland-Forrestania lithium and nickel province,” executive chairman John Prineas said.
“As we prepare to resume drilling at our Mt Alexander lithium project in a matter of days, we are also excited to have expanded our project pipeline into one of the most significant addresses in WA for hard-rock lithium and nickel sulphide mineralisation.”
