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SGQ - St George Mining

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St George Mining Limited (SGQ) has secured exploration projects in two richly mineralised areas of Australia – the North East Goldfields of Western Australia and the Pine Creek Orogen in the Northern Territory.

St George Mining has 100% ownership of a tenement package covering a contiguous area of 1,421.50 sq km in the eastern fringe of the North East Goldfields of Western Australia. The Company's tenements in this region host the Crusader Gold Project, the Zeus Nickel Project and the Empire Copper Project. Previous exploration has generated a number of attractive targets. Several of these are ready for immediate definition drilling whilst others will provide a pipeline of strong exploration targets for further assessment.

In the Northern Territory, the Company has entered into an option to acquire an 80% interest in a tenement area that is prospective for gold and uranium. The ground hosts the Blue Thunder Gold Project and the White Strike Uranium
Project. The Company has applied for two additional exploration licences in the Pine Creek region which, if granted, would increase the total project area to 1,086 sq km.

http://www.stgeorgemining.com.au
 
SGQ came onto my radar around 10 days ago after the announcement that BHP had handed back the licence for its East Laverton Project and an oversubscribed capital raising.
Placed a bid @ 13.5c and missed out by 0.5c, had I placed the bid @ 14c it would have realised an immediate potential profit of 50%.
Timing is everything!

Patersons have just started coverage of SGQ.
http://stgeorgemining.com.au/analysts-reports.html

My understanding is that there is a fair amount of positive industry chatter relating to the Nickel Sulphide drilling campaign, which may not amount to anything other than chatter of course.
http://www.asx.com.au/asxpdf/20140527/pdf/42pvlkrmpyz2pt.pdf

IMO definitely one to keep an eye on and I will be looking for any early weakness around the 14-15c mark.
 

Not to sure about the 14 - 15c range anymore....
 
Paavfc said:
Not to sure about the 14 - 15c range anymore....
Click to expand...

It seems that ship may have sailed, on the positive side the SP increase seems based upon speculation so any sucessful drilling campaign should see a price north of this level.....
 
SGQ up today on news of an outstanding intersection of nickel-copper sulphide mineralisation at the Mt Alexander Project.

Up 46.15% today to 19c on volume of more than 27 million shares.
 
St George Mining continues its impressive run. Up another lazy 49% today to 33.5c.

 
Fairly flat market today but SGQ is a standout. Up 40.48% on good news regarding drilling results at the company's Mt Alexander Project.

 
St George Mining recovering nicely since its announcement last Thursday that it has intersected high-grade massive nickel-copper sulphides at the Investigators Prospect within the Mt Alexander Project.



SGQ is looking like a potential breakout with 18c serving as resistance. Watching for a catalyst to push it above 20c.

 
Last edited:
Infill and extension drilling at Investigators planned. Also first drilling at the Fairbridge prospect and Mt Alexander belt also planned so has the potential to improve their resource.
 
Looks like they have funding...............
St George secures loan facilities of USD4million and AUD1million• St George fully funded for drilling in 2019
 
Coming out of a trading halt Mon or Tues. Have had a solid drilling campaign for the last month, and potential for discovering more massive sulphides, which may explain the TH. Nickel price also looking very healthy.
 
Buckfont said:
Coming out of a trading halt Mon or Tues. Have had a solid drilling campaign for the last month, and potential for discovering more massive sulphides, which may explain the TH. Nickel price also looking very healthy.
Click to expand...

If there is something exciting to report from the drilling, the timing with Nickel going off couldn't be better. Let's hope it goes boom. I hold.
 
SGQ on the move. Up from 16c to a high of 25.5c in the last week. Today's move was exceptionally strong on high volume.

The company responded to an ASX Price and Volume Query earlier today with the following explanation for the recent share price increase:


I expect we'll see some further news coming through soon.

 
I bought SGQ a few months ago when I went long nickel miners and explorers. Unlike MCR which I traded through the volatility, I've watched SGQ go all the way up to $0.25 and come all the way down again.

One of the things that has kept my position in SGQ quite small is the fact that John Prineas, the Executive Director & Chairman running the show is a banker not a geologist or miner.

I came across this interview with Prineas on the weekend. My interest was peaked by his comments and associated body language starting at 2:36


Then I had a look at the chart and noticed that a head and shoulders had formed on the daily. So when I woke up this morning I thought, Santa is coming, I ought to buy something and topped up on SGQ. Happy to hold for the medium term.
 
DHEM surveys have revealed 2 prime targets. Drill rig was due last week to start testing the new conductors in the Cathedrals Belt. With a very high success rate in testing these types of conductors, discovery of massive sulphides is looking good in the near term.
 
Unfortunately for the holders the drill results showed that they missed the strong conductor target as "did not intersect any conductive material that could explain the very strong conductor". They're having another go at it as well as drilling another smaller target (16200 Siemens EM conductor).

Price dropped from 0.17 to 0.13 on the miss. I'm bidding low for a spec position in the hope they hit it next time.

A long term shareholder (not me) and company optimist (definitely not me) thinks mgt explains their drilling programme and potential poorly.
 
Captain_Chaza said:
I have entered the little SGQ in the October 2022 Classic Regatta I cannot resist a Good Looking Cha
Click to expand...

I agree Mr Captain.

I see you are entering the classic monthly regatta based on the current chart.

I am now a little interested in the potential of the longer term chart, after inspecting your observations. Cheers.

Definitely on the watchlist!
 

St George Mining (ASX:SGQ) discovers new nickel targets at Mt Alexander, WA

St George Mining (ASX:SGQ) identifies five new nickel targets at its Mt Alexander project in Western Australia.
themarketherald.com.au
St George Mining (SGQ) has identified new nickel targets at its Mt Alexander project in Western Australia.

The company completed a fixed loop electromagnetic (FLEM) survey to further constrain the anomalous response detected in the moving loop electromagnetic survey completed a couple of months ago.
 
Captain_Chaza said:
I cannot resist a Good Looking Chart
Click to expand...

..... enough to jump as high as $0.055 on News

High-grade lithium confirmed in rock chip samples as ongoing field mapping identifies a significant extension of the outcropping pegmatites containing visible lithium minerals
 
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