St George Mining Ltd (ASX: SGQ) flash note
After discovering a number of high grade pods close to surface along the Cathedrals Belt, SGQ is aiming to discover larger accumulations of nickel-copper (+cobalt+PGE) mineralisation beyond the 300m depth level. These are still early days but the proof of concept is now confirmed and the targets are there to be drilled.
In parallel, SGQ is progressing the development of the Stricklands mineral resource (the closest one to surface) into a low-capex, low-opex, high margin operation. Development should be limited to simple open pit mining with ore being toll treated at nearby treatment infrastructure.
