Pictured: St George Executive Chairman John Prineas
St George Mining Ltd hopes to raise $3.6 million through issuing new shares at 8c/each in a private placement.
The funds will be used for ongoing exploration at Mt Alexander in Western Australia’s Goldfields where the company has been successfully chasing nickel-copper sulphides.
While a mutli-rig campaign targeting new nickel-copper sulphides at Mt Alexander is expected to start in late May, mine development studies are also progressing.
Get a full update on St George’s progress at this year’s Australian Nickel Conference in October