Nickel

St George Mining Ltd. (ASX:SGQ) announced that it’s completed its acquisition of the Hawaii and Mt Alexander North projects from BHP Billiton Nickel West Pty Ltd., a division of BHP Biliton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT).

St George Mining Ltd. (ASX:SGQ) announced that it’s completed its acquisition of the Hawaii and Mt Alexander North projects from BHP Billiton Nickel West Pty Ltd., a division of BHP Biliton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT).
Transaction highlights are as follows:

  • Acquisition includes all technical and exploration data
  • Two underexplored projects in a world class nickel address with significant opportunity for a discovery
  • Drill ready targets with high impact exploration programme by St George underway

John Prineas, executive chairman of St George, commented:

The exploration at these projects to date has confirmed their potential, and we now have a tremendous opportunity to deliver a discovery through systematic and technically driven exploration.
In addition to acquiring the existing database from Nickel West, our Exploration Manager – Matthew McCarthy – worked on these projects when he was at that company. This allows us to hit the ground running and to fast‐track exploration.
At Hawaii, we have already commenced on‐ground exploration with a moving loop electromagnetic survey, to be followed by a maiden RC drilling programme later this month.
With drilling this month at both East Laverton and Hawaii and assay results to follow soon, we are looking at a very exciting finish to the year.

Click here to read the full St George Mining Ltd. (ASX:SGQ) press release. 

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