Growth-focused nickel company St George Mining Limited (ASX: SGQ) has announced the expansion of its high-impact exploration focus with a major campaign to test several priority targets within four regional-scale projects in Western Australia.
Complementing the company’s most advanced exploration project at Mt Alexander and its emerging Paterson Project, St George is excited about the next phase of work at the Broadview Project in the Wheatbelt and the identification of a major intrusion at its newest project – Ajana in the Mid West.
The addition of Ajana, generated by St George’s experienced in-house team, increases the pipeline of quality exploration assets to four highly prospective battery minerals opportunities – at varying stages of advancement – that will be progressed systematically.
The exploration push is underway across all four projects:
- At the Mt Alexander Project, seismic and EM surveys starting this month will assist in defining potential for massive NiCu sulphides in untested areas of the strongly mineralised Cathedrals Belt and adjacent Mt Alexander Greenstone Belt; diamond and RC drill programme to follow
- At the Paterson Project, an 18-hole diamond drilling programme is scheduled to start in mid-May to follow up positive results from maiden 2021 campaign;
- At the Ajana Project, a recently completed airborne magnetic survey defined a very unusual, 20km long interpreted intrusion within the Northampton mineral field; drilling of the intrusion – considered prospective for Ni-Cu-PGEs – is planned as soon as access is available
- At the Broadview Project, initial auger soil results from two large interpreted mafic intrusions support the potential for Ni-Cu-PGEs within a similar setting to Chalice Mining’s Julimar discovery; an airborne electromagnetic (EM) survey is being planned ahead of initial drilling
“Our advanced Mt Alexander Project has been – and will continue to be – a significant value driver for St George as our systematic exploration of the project area focuses on the discovery of more Ni-Cu-PGE mineralisation near surface and, increasingly, at depth,” executive chairman John Prineas said.
“The exploration success at Mt Alexander has also given us the confidence to find similarly exciting and complementary projects across the Tier 1 jurisdiction of Western Australia so that we can build a pipeline of quality greenfields opportunities aligned with our battery minerals strategy.
“I am delighted with the work performed by St George’s technical team to build this four-project pipeline and to immediately identify multiple new targets that show exceptional potential for new discoveries. We have a clear path to commence high-impact drilling across all four projects.
“With important survey works and diamond drilling about to start as part of this step-up in exploration activities, St George is preparing for a period of busy and exciting newsflow at a time when investors are rewarding discovery success in the battery minerals space.
“The company looks forward to reporting back to our shareholders on the progress made.”