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ST GEORGE MINING LIMITED — Capital/Financing Update 2011
May 15, 2011
65782_rns_2011-05-15_c07f4442-bda8-4b43-8f60-4c8ef0642c95.pdf
Capital/Financing Update
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ASX / MEDIA RELEASE
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ST GEORGE MINING LIMITED
16 May 2011
ASX: SGQ
ACN 139 308 973
Level 1, 115 Cambridge Street PO Box 1305, West Leederville WA 6007
PROJECT DRAGON FARM‐IN DEAL GOES UNCONDITIONAL
Phone +618 9322 6600 Facsimile +618 9322 6610 Email [email protected]
John Prineas Executive Chairman
Tim Hronsky Technical Director
Marcus Michael Non‐Executive Director and Company Secretary
East Laverton Property:
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Gold, Nickel and Copper Projects
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Project Dragon (Nickel)
Pine Creek Property:
Australian gold and nickel focused explorer, St George Mining Limited ( ASX: SGQ ) ( ‘St George Mining’ ) is pleased to announce that the remaining condition precedent under the Farm‐in Agreement for Project Dragon has been satisfied and that the Farm‐in Agreement is now fully binding on the parties in it’s entirety.
St George Mining, through its wholly own subsidiary Desert Fox Resources Pty Ltd, entered into a Farm‐in Agreement with BHP Billiton Nickel West Pty Ltd on 4 April 2011 for the nickel rights attaching to certain of the tenements located at St George Mining’s 100% owned East Laverton Property in the North‐Eastern Goldfields region of Western Australia.
For further details of the farm‐in arrangement, see the ASX Release dated 6 April 2011 issued by St George Mining or go to our website at www.stgm.com.au/project‐dragon.html.
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Blue Thunder Gold Project
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White Strike Uranium Project
John Prineas, Executive Chairman of St George Mining said: “The final condition of the Farm‐in Agreement has been satisfied and exploration activities will now be scheduled for the field season of 2011. We are excited that the exploration stage of Project Dragon is about to commence and we look forward to updating the market on exploration developments in due course.”
For further information, please contact:
John Prineas
Executive Chairman St George Mining Limited (+61) 411 421 253 [email protected]
David Brook
Professional Public Relations (+61) 08 9388 0944 mob 0415 096 804 [email protected]