St George Mining
Primary ticker: ASX:SGQ
Stage of development: Exploration
Primary minerals: Lithium, nickel, PGMs, copper
Project to promote: Mt Alexander Project
Project location: Australia
Website: www.stgeorgemining.com.au
St George Mining’s flagship project is the Mt Alexander Project in Western Australia where high-grade lithium (hard-rock) and nickel-copper-PGM discoveries have been made. The Company has recently signed MoU’s with global battery players – SVOLT, Shanghai Jayson and Sunwoda Electronic – to support St George’s growth as a a supplier to the clean energy sector.
Cash: AUD$7M
Debt: NIL
Major shareholders:
Directors – 5%
Shanghai Jayson New Energy Materials – 3.2%
Sunwoda Electronic – 3%
Financials
Management Profile
John Prineas- Executive Chairman
John Prineas is the Executive Chairman of St George Mining. He is a founding shareholder of St George with over 25 years experience in the resources, banking and legal sectors. Prior to establishing St George, John was Country Head for Commerzbank in Sydney overseeing numerous loans and treasury products to resources companies.
At St George, he has positioned the company for significant growth in the era of the electric battery revolution with significant discoveries of lithium and nickel-copper sulphides in Western Australia..
What is your rationale for taking part in 121 Mining Investment?
St George recently announced MoU’s with global battery players – SVOLT, Shanghai Jayson and Sunwoda Electronic – to support its growth plans. We are looking for institutional investors to further support St George’s growth as a materials supplier to the clean energy sector.
What recent news would you like to highlight to investors attending?
8 December 2022 St George Signs MoU with Global Battery Giant – SVOLT
30 November 2022 St George Signs MoU with Global Battery Investor
12 October 2022 High-Grade Lithium Confirmed at Mt Alexander
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Drilling to establish the extent of high-grade lithium at Mt Alexander.
6 Months:
Drilling to establish the extent of high-grade lithium at Mt Alexander; maiden drilling at the Ajana greenfields project in Western Australia to test for nickel-copper sulphides.
12 Months:
Resource definition of the lithium deposit at Mt Alexander.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Funding risk for 2023 has been addressed with a successful equity raise in November 2023.
What do you think makes your company such a compelling investment?
The Mt Alexander Lithium Project is located in a new lithium province where Red Dirt Metals (ASX.RDT) has already defined a resource and is progressing to development. With high-grade lithium already confirmed at Mt Alexander, the potential for St George to establish an economic resource is compelling. St George has secured additional lithium projects in Tier 1 lithium locations of Western Australia, further supporting its growth plans.
What are the top 3 key investor takeaways?
Confirmed high-grade lithium and nickel-copper sulphides in a Tier 1 jurisdiction.
Large, underexplored landholding in a new hard-rock lithium province where Red Dirt Metals has already announced a significant lithium de[posit. additional lithium projects secured providing a strong project pipeline.
Support from global battery players – SVOLT, Shanghai Jayson New Energy and Sunwoda Electronic.