St George Mining completes nickel projects acquisition in Australia

1 November 2015 (Last Updated November 1st, 2015 18:30)

St George Mining has completed the acquisition of the Hawaii Project and Mt Alexander North Project in Western Australia from BHP Billiton Nickel West.

Mining

St George Mining has completed the acquisition of the Hawaii Project and Mt Alexander North Project in Western Australia from BHP Billiton Nickel West.

According to St George Mining, the acquisition of 100% of the projects includes all technical and exploration data from Nickel West.

St George mining executive chairman John Prineas said: "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.

"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."

Located south-west of the Agnew-Wiluna belt, the Hawaii and Mt Alexander North projects host various nickel and gold deposits and are situated on the boundary of the Kalgoorlie and Youanmi Terranes adjacent to the Ida Fault.

"We now have a tremendous opportunity to deliver a discovery through systematic and technically driven exploration.

The Hawaii Project is 55km west of the Sinclair Nickel Project, which is owned by Talisman Mining, and 90km south-west of Western Areas-owned Cosmos.

St George has acquired an exploration licence E36/741 from Nickel West, which covers 211.34km² and has also lodged an application for exploration licence E36/851, covering 86.42km².

This takes the total area for the Hawaii Project to 297.76km².

For the Mt Alexander North Project located 120km south-west of Leinster, St George has acquired exploration licence E29/548 from Nickel West, which covers 45.12km².

The company also lodged an application for exploration licence E29/954 covering 41.72km², which is expected to increase the total area of the project to 86.84km².


Image: The Hawaii and Mt Alexander North projects are located on the boundary of the Kalgoorlie and Youanmi Terranes adjacent to the Ida Fault. Photo: courtesy of St George Mining Limited.