ST GEORGE MINING LIMITED — Capital/Financing Update 2016

Feb 16, 2016

ASX / MEDIA RELEASE

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17 February 2016

ST GEORGE IDENTIFIES EXCEPTIONAL MASSIVE NICKEL‐COPPER SULPHIDE TARGETS AT MT ALEXANDER PROJECT

HIGHLIGHTS:

• Review by St George of newly acquired project data confirms significant exploration upside at Mt Alexander Project

• Several untested and drill‐ready electromagnetic (EM) conductors identified at both the Cathedrals and Stricklands Prospects are exceptional targets for further massive nickel‐copper sulphide mineralisation

• The fertile ultramafic at Cathedrals and Stricklands is interpreted to extend for a total strike length of 1.5km with potential for multiple nickel sulphide deposits

• Strong exploration potential emerging across the broader project area

• 2016 drill programme being finalised

DATA REVIEW HIGHLIGHTS EXCEPTIONAL EXPLORATION TARGETS

St George Mining Limited (ASX: SGQ ) (‘St George’ or ‘the Company’) is pleased to announce that its ongoing review of project data acquired from BHP Billiton for the Mt Alexander Project has confirmed drill‐ready targets with outstanding potential for further discoveries of massive nickel‐copper sulphide mineralisation.

St George’s technical team, in conjunction with geophysical consultants Newexco, commenced a comprehensive review of the substantial project data following completion of the acquisition of a 75% interest in the core Mt Alexander tenement from BHP Billiton.

High grade nickel‐copper sulphides were discovered at the Cathedrals Prospect in 2008. Three EM conductors have been drilled at Cathedrals to date with all three resulting in intersections of massive nickel‐copper sulphides. Our data review has identified five untested downhole EM (DHEM) plates at Cathedrals, which offer an opportunity to define further mineralisation at this Prospect.

The Stricklands Prospect, located to the west of Cathedrals and never drilled, has several untested EM conductors that have similar geophysical responses to the massive nickel‐copper sulphides at Cathedrals. The Stricklands EM conductors, like those at Cathedrals, are associated with magnetic anomalies within the Cathedrals shear zone. These conductors have strong potential for a new discovery and are priority drill targets for the 2016 drill programme at Mt Alexander.

St George Mining Executive Chairman, John Prineas said:

“Our review of the project data has re‐enforced our assessment that Mt Alexander has significant exploration upside. In addition to the walk‐up drill targets at Cathedrals and Stricklands, there is also a tremendous pipeline of targets emerging across the broader project area.

“We are increasingly confident that our upcoming drill programme will result in further discoveries of massive nickel‐copper sulphides.“

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ASX / MEDIA RELEASE

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STRICKLANDS AND CATHEDRALS PROSPECTS – DRILL‐READY TARGETS

A fixed loop electromagnetic (FLEM) survey was completed by BHP Billiton at Stricklands utilising a high temperature SQUID (superconducting quantum interference device) sensor, which provides very high resolution data and minimises noise levels from conductive cover.

Our technical team, in conjunction with Newexco, has reviewed the FLEM survey data and confirmed seven EM conductors at Stricklands that warrant immediate further exploration. These EM conductors have similar geophysical responses to the massive nickel‐copper sulphide EM conductors drilled in 2008 at the nearby Cathedrals Prospect. None of the seven EM conductors at Stricklands have been drill tested.

Five of these seven untested EM conductors are also associated with strong magnetic anomalies within the prospective Cathedrals shear zone. The 100% success rate of previous drilling of EM conductors in the Cathedrals shear zone provides strong encouragement for the drill testing of the Stricklands EM conductors.

At the Cathedrals Prospect, twenty five holes were drilled by BHP Billiton to test the komatiite ultramafics. Six of the drill holes intersected nickel sulphides including three holes that intersected high grade nickel‐ copper‐PGE mineralisation. These three drill holes tested EM conductors identified by FLEM and DHEM surveys carried out by BHP Billiton. DHEM surveys completed in the Cathedrals drill holes have also identified a further five EM conductors that remain untested and have potential to represent further nickel‐ copper sulphide mineralisation.

Figure 1 shows the location of the untested EM conductors at Stricklands and Cathedrals. The fertile ultramafic that hosts these EM conductors is defined by strong magnetic anomalies, and extends for a combined strike length of 1.5km. The drilling of the EM conductors within this area has the potential to discover further massive nickel‐copper sulphide mineralisation.

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Figure 1 – a plan view of the Cathedrals and Stricklands Prospects showing the untested EM conductors as well as the location of the nickel‐copper sulphide intersections at Cathedrals

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ASX / MEDIA RELEASE

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Table 1 contains details of these EM conductors. All the EM plates are highly conductive, ranging from 6,000 up to 16,000 Siemens, which is consistent with the EM response of previously drilled massive nickel sulphides at Cathedrals.

These EM conductors will be prioritised for testing in our upcoming drill programme at Mt Alexander.

EMERGING EXPLORATION POTENTIAL AT MT ALEXANDER

The Cathedrals nickel‐copper‐PGE discovery was made at the Mt Alexander Project in 2008 with significant intersections including:

• 4m @ 4.9%Ni, 1.7%Cu and 3.9g/t total PGEs from 91.4m in drill hole MAD12

• 3m @ 3.8%Ni, 1.6%Cu and 2.7g/t total PGEs from 56.3m in drill hole MAD13

• 6m @ 3.3%Ni, 1.5%Cu and 2.7g/t total PGEs from 60m in drill hole MARC49

These high grade intersections are within komatiite ultramafics that are hosted in the Cathedrals shear zone. This shear zone remains largely untested along strike from the Cathedrals Ni‐Cu‐PGE discovery. In particular, the area to the west of the Stricklands Prospect within the Cathedrals shear zone has no EM coverage or drill testing; see Figure 2.

This untested area hosts several prominent magnetic anomalies which may represent further prospective ultramafic rocks, and are priority exploration targets. Newexco is designing a surface EM survey for this area to identify any bedrock conductors for drill testing.

Our comprehensive review of the camp‐scale potential at Mt Alexander is continuing and we anticipate further exploration targets to emerge from this review.

One area of particular interest is the Mt Alexander greenstone belt where previous drilling has identified sporadic komatiite hosted nickel sulphide mineralisation, including some intersections of massive nickel sulphides, over a seven kilometre strike within the Western Ultramafic unit.

The previous drilling was often completed as wide‐spaced drill holes or single drill holes, rather than a fence of holes, and as such a significant portion of the ultramafic sequences have not been tested.

This belt remains under‐explored and is being closely assessed by our technical team in conjunction with nickel sulphide expert Dr Martin Gole. The presence of extensive fertile komatiite ultramafics with some massive nickel sulphides warrants further exploration.

In addition to reviewing the camp‐scale potential at Mt Alexander, a detailed review has commenced on the geology and mineralisation at the Cathedrals nickel‐copper‐PGE discovery. This review will assess the controls on the high‐grade mineralisation and evaluate the potential for any extensions to known mineralisation (laterally and at depth).

We expect to take delivery of the historical drill core and RC chips from previous drilling next week. Detailed analysis of the drill samples will enable a more comprehensive review of this important greenfields discovery.

Further details of our project review and the upcoming drill programme at Mt Alexander will be announced shortly.

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ASX / MEDIA RELEASE

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Figure 2 – a plan view of the Mt Alexander Project area over RTP magnetics showing the Cathedrals discovery, the untested area to the west of Stricklands and the under‐explored Western Ultramafics in the Mt Alexander greenstone belt

EM Plate ID	Prospect	Dip (°)	Dip Direction (°)	Depth to top of plate (m)	Strike Length (m)	Depth Extent(m)	Conductance (Siemens)
Loop1_east_p1	Stricklands	‐17	171	50	61.4	13.9	16000
Loop1_east_p2	Stricklands	‐20	343	50	50	12	12000
Loop1_east_p3	Stricklands	‐67.5	170	50	30	8	14000
Loop1_east_p4	Stricklands	‐72.5	0	55	25.3	8	14000
Loop2_p1	Stricklands	‐12	0	45	55	12	15000
Loop1_West_p1	Stricklands	‐17.5	175	60	50	11	15000
Loop1_West_p2	Stricklands	‐35	185	60	25	8	15000
MARC48_p1	Cathedrals	‐19.8	321	25	9.4	11	9310
MARC51_p1	Cathedrals	‐20	10	55	10	8	9000
MARC49_p2	Cathedrals	‐18	0	37	30	8	9000
MARC53_p1	Cathedrals	‐40	0	135	40	10	6000
MARC55_p1	Cathedrals	‐33	0	147	40	10	6000

Table 1 – Details of untested EM conductors at Stricklands and Cathedrals

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ASX / MEDIA RELEASE

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ABOUT THE MT ALEXANDER PROJECT:

The Mt Alexander Project is located 120km south‐southwest of the Agnew‐Wiluna belt which hosts numerous world class nickel deposits. The Project comprises two granted exploration licences – E29/638 and E29/548.

The Cathedrals Ni‐Cu discovery and the Stricklands Prospect are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%). St George is the Manager of the Project with Western Areas retaining a 25% non‐contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine.

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Figure 3 – a map showing the location of Mt Alexander Project near major deposits in the Agnew‐Wiluna belt (over TMI magnetics). The Hawaii Project was also recently acquired by St George from BHP Billiton Nickel West

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ASX / MEDIA RELEASE

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For further information, please contact:

John Prineas Executive Chairman St George Mining Limited (+61) 411 421 253 John.prineas@stgm.com.au

Colin Hay Professional Public Relations (+61) 08 9388 0944 mob 0404 683 355 colin.hay@ppr.com.au

Competent Person Statement:

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Matthew McCarthy, a Competent Person who is a Member of The Australasian Institute of Geoscientists. Mr McCarthy is employed by St George Mining Limited.

Mr McCarthy has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr McCarthy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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The following sections are provided for compliance with requirements for the reporting of exploration results under the JORC Code, 2012 Edition.

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

Criteria	JORC Code explanation	Commentary
Sampling	Nature and quality of sampling (eg cut	This ASX Release dated 17 February 2016 reports on a review by St
techniques	channels, random chips, or specific specialised	George Mining Limited (“St George”) of historical exploration
	industry standard measurement tools	completed at the Mt Alexander Project which is encompassed in
	appropriate to the minerals under	E29/638.
	investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.	This ASX Release refers only to historic exploration drilling and does not report any new drilling results, assay or other sampling exploration work.
	Include reference to measures taken to ensure	This ASX Release refers only to historic exploration drilling and does
	sample representivity and the appropriate	not report any new drilling results, assay or other sampling
	calibration of any measurement tools or	exploration work.
	systems used.
	Aspects of the determination of mineralisation	This ASX Release refers only to historic exploration drilling and does
	that are Material to the Public Report.	not report any new drilling results, assay or other sampling
	In cases where ‘industry standard’ work has	exploration work.
	been done this would be relatively simple (eg
	‘reverse circulation drilling was used to obtain
	1 m samples from which 3 kg was pulverised to
	produce a 30 g charge for fire assay’). In other
	cases more explanation may be required, such
	as where there is coarse gold that has inherent
	sampling problems. Unusual commodities or
	mineralisation types (eg submarine nodules)
	may warrant disclosure of detailed
	information.
Drilling	Drill type (eg core, reverse circulation, open‐	This ASX Release refers only to historic exploration drilling and does
techniques	hole hammer, rotary air blast, auger, Bangka,	not report any new drilling results, assay or other sampling
	sonic, etc) and details (eg core diameter, triple	exploration work.
	or standard tube, depth of diamond tails, face‐ sampling bit or other type, whether core is oriented and if so, by what method, etc).	References to reverse circulation and diamond drilling on E29/638 are to drilling conducted by BHP Billiton Nickel West Pty Ltd (“Nickel West”), the party from which St George has acquired its 75%
		majority interest in the tenement (see Section:Exploration Done by
		Other Parties)
Drill sample	Method of recording and assessing core and	This ASX Release refers only to historic exploration drilling and does
recovery	chip sample recoveries and results assessed.	not report any new drilling results, assay or other sampling
		exploration work.
	Measures taken to maximise sample recovery	This ASX Release refers only to historic exploration drilling and does
	and ensure representative nature of the	not report any new drilling results, assay or other sampling
	samples.	exploration work.

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Criteria	JORC Code explanation	Commentary
	Whether a relationship exists between sample	This ASX Release refers only to historic exploration drilling and does
	recovery and grade and whether sample bias	not report any new drilling results, assay or other sampling
	may have occurred due to preferential	exploration work.
	loss/gain of fine/coarse material.
Logging	Whether core and chip samples have been	This ASX Release refers only to historic exploration drilling and does
	geologically and geotechnically logged to a	not report any new drilling results, assay or other sampling
	level of detail to support appropriate Mineral	exploration work.
	Resource estimation, mining studies and
	metallurgical studies.
	Whether logging is qualitative or quantitative	This ASX Release refers only to historic exploration drilling and does
	in nature. Core (or costean, channel, etc)	not report any new drilling results, assay or other sampling
	photography.	exploration work.
	The total length and percentage of the relevant	This ASX Release refers only to historic exploration drilling and does
	intersections logged.	not report any new drilling results, assay or other sampling
		exploration work.
Sub‐sampling	If core, whether cut or sawn and whether	This ASX Release refers only to historic exploration drilling and does
techniques and	quarter, half or all core taken.	not report any new drilling results, assay or other sampling
sample		exploration work.
preparation
	If non‐core, whether riffled, tube sampled,	This ASX Release refers only to historic exploration drilling and does
	rotary split, etc and whether sampled wet or	not report any new drilling results, assay or other sampling
	dry.	exploration work.
	For all sample types, the nature, quality and	This ASX Release refers only to historic exploration drilling and does
	appropriateness of the sample preparation	not report any new drilling results, assay or other sampling
	technique.	exploration work.
	Quality control procedures adopted for all sub‐	This ASX Release refers only to historic exploration drilling and does
	sampling stages to maximise representivity of	not report any new drilling results, assay or other sampling
	samples.	exploration work.
	Measures taken to ensure that the sampling is	This ASX Release refers only to historic exploration drilling and does
	representative of the in situ material collected,	not report any new drilling results, assay or other sampling
	including for instance results for field	exploration work.
	duplicate/second‐half sampling.
	Whether sample sizes are appropriate to the	This ASX Release refers only to historic exploration drilling and does
	grain size of the material being sampled.	not report any new drilling results, assay or other sampling
		exploration work.
Quality of	The nature, quality and appropriateness of the	This ASX Release refers only to historic exploration drilling and does
assay data and	assaying and laboratory procedures used and	not report any new drilling results, assay or other sampling
laboratory	whether the technique is considered partial or	exploration work.
tests	total.

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Criteria	JORC Code explanation	Commentary
	For geophysical tools, spectrometers, handheld	This ASX Release refers only to historic exploration drilling and does
	XRF instruments, etc, the parameters used in	not report any new drilling results, assay or other sampling
	determining the analysis including instrument	exploration work.
	make and model, reading times, calibrations
	factors applied and their derivation, etc.
	Nature of quality control procedures adopted	This ASX Release refers only to historic exploration drilling and does
	(eg standards, blanks, duplicates, external	not report any new drilling results, assay or other sampling
	laboratory checks) and whether acceptable	exploration work.
	levels of accuracy (i.e. lack of bias) and
	precision have been established.
Verification of	The verification of significant intersections by	This ASX Release refers only to historic exploration drilling and does
sampling and	either independent or alternative company	not report any new drilling results, assay or other sampling
assaying	personnel.	exploration work.
		Significant intersections discussed in this ASX release were checked
		by St George personnel using assay data supplied by Nickel West.
	The use of twinned holes.	This ASX Release refers only to historic exploration drilling and does
		not report any new drilling results, assay or other sampling
		exploration work.
	Documentation of primary data, data entry	This ASX Release refers only to historic exploration drilling and does
	procedures, data verification, data storage	not report any new drilling results, assay or other sampling
	(physical and electronic) protocols.	exploration work.
	Discuss any adjustment to assay data.	This ASX Release refers only to historic exploration drilling and does
		not report any new drilling results, assay or other sampling
		exploration work.
Location of	Accuracy and quality of surveys used to locate	This ASX Release refers only to historic exploration drilling and does
data points	drill holes (collar and down‐hole surveys),	not report any new drilling results, assay or other sampling
	trenches, mine workings and other locations	exploration work.
	used in Mineral Resource estimation.
	Specification of the grid system used.	The grid system used at the Mt Alexander project is GDA94 (MGA),
		zone 51.
	Quality and adequacy of topographic control.	This ASX Release refers only to historic exploration drilling and does
		not report any new drilling results, assay or other sampling
		exploration work.
Data spacing	Data spacing for reporting of Exploration	This ASX Release refers only to historic exploration drilling and does
and	Results.	not report any new drilling results, assay or other sampling
distribution		exploration work.
	Whether the data spacing and distribution is	This ASX Release refers only to historic exploration drilling and does
	sufficient to establish the degree of geological	not report any new drilling results, assay or other sampling
	and grade continuity appropriate for the	exploration work.
	Mineral Resource and Ore Reserve estimation
	procedure(s) and classifications applied.
	Whether sample compositing has been applied.	This ASX Release refers only to historic exploration drilling and does
		not report any new drilling results, assay or other sampling
		exploration work.

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Criteria	JORC Code explanation	Commentary
Orientation of	Whether the orientation of sampling achieves	This ASX Release refers only to historic exploration drilling and does
data in relation	unbiased sampling of possible structures and	not report any new drilling results, assay or other sampling
to geological	the extent to which this is known, considering	exploration work.
structure	the deposit type.
	If the relationship between the drilling	This ASX Release refers only to historic exploration drilling and does
	orientation and the orientation of key	not report any new drilling results, assay or other sampling
	mineralised structures is considered to have	exploration work.
	introduced a sampling bias, this should be
	assessed and reported if material.
Sample	The measures taken to ensure sample security.	This ASX Release refers only to historic exploration drilling and does
security		not report any new drilling results, assay or other sampling
		exploration work.
Audits or	The results of any audits or reviews of sampling	This ASX Release refers only to historic exploration drilling and does
reviews	techniques and data.	not report any new drilling results, assay or other sampling
		exploration work.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	Type, name/reference number, location and	The Mt Alexander Project is comprised of two granted Exploration
Tenement and	ownership including agreements or material	Licences (E29/638 and E29/548). Tenement E29/638 is held in Joint
Land Status	issues with third parties including joint	Venture between St George (75% interest) and Western Areas (25%
	ventures, partnerships, overriding royalties,	interest). Both tenements are subject to a royalty in favour of a third
	native title interests, historical sites, wilderness	party that is outlined in the ASX Release dated 17 December 2015
	or national park and environmental settings.	(as regards E29/638) and the ASX release dated 18 September 2015
		(as regards E29/548).
	The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	No environmentally sensitive sites have been identified on the tenements. A registered Heritage site known as Willsmore 1 (DAA identification 3087) straddles tenements E29/548 and E29/638.
		The newly acquired tenement E29/638, as well as E29/548, are in
		good standing and no known impediments exist.
Exploration	Acknowledgment and appraisal of exploration	Exploration on tenement E29/638 has been largely for komatiite‐
Done by Other	by other parties.	hosted nickel sulphides both in the Mt Alexander Greenstone Belt,
Parties		and at the Cathedrals Prospect in the northern section of the
		tenement.
		The target lithological unit in the Mt Alexander Greenstone belt has
		been the Central Ultramafic Unit, which has been explored by a
		number of parties, most recently by Nickel West.
		High grade nickel‐copper sulphides were discovered at the Mt
		Alexander Project in 2008. Drilling was completed to test co‐incident
		electromagnetic (EM) and magnetic anomalies associated with
		nickel‐PGE enriched gossans. The drilling identified high grade Ni‐Cu
		mineralisation and the discovery was named the Cathedrals
		Prospect. The tenement remains underexplored.
Geology	Deposit type, geological setting and style of	The Mt Alexander Project is at the northern end of a western
	mineralisation	bifurcation of the Mt Ida Greenstones. The greenstones are bound
		to the west by the Ida Fault, a significant Craton‐scale structure that
		marks the boundary between the Kalgoorlie Terrane (and Eastern
		Goldfields Superterrane) to the east and the Youanmi Terrane to the
		west.
		The Mt Alexander Project is prospective for further high‐grade
		komatiite‐hosted nickel‐copper‐PGE mineralisation and also
		precious metal mineralisation (i.e. orogenic gold) that is typified
		elsewhere in the Yilgarn Craton.

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Criteria	JORC Code explanation	Commentary
Drill hole	A summary of all information material to the	This ASX Release refers only to historic exploration drilling and does
information	understanding of the exploration results	not report any new drilling results, assay or other sampling
	including tabulation of the following	exploration work.
	information for all Material drill holes:	Table 1 to this JORC Section contains drill hole information on the
	• Easting and northing of the drill hole collar	historic drilling that is discussed in this ASX Release. This historic
	•Elevation or RL (Reduced Level – elevation	drilling was reported by Western Areas Limited in its ASX Release
	above sea level in meters) of the drill hole collar • Dip and azimuth of the hole	dated 2 April 2008_‘Assays Confirm High Grade Nickel/Copper/PGE_ Discovery at Mt Alexander Joint Venture’.
	• Down hole length and interception depth
	• Hole length
Data	In reporting Exploration Results, weighting	This ASX Release refers only to historic exploration drilling and does
aggregation	averaging techniques, maximum and/or	not report any new drilling results, assay or other sampling
methods	minimum grade truncations (e.g. cutting of	exploration work.
	high grades) and cut‐off grades are usually
	Material and should be stated.
	Where aggregated intercepts incorporate short	This ASX Release refers only to historic exploration drilling and does
	lengths of high grade results and longer	not report any new drilling results, assay or other sampling
	lengths of low grade results, the procedure	exploration work.
	used for such aggregation should be stated and
	some typical examples of such aggregations
	should be shown in detail.
	The assumptions used for any reporting of	This ASX Release refers only to historic exploration drilling and does
	metal equivalent values should be clearly	not report any new drilling results, assay or other sampling
	stated.	exploration work.
Relationship	These relationships are particularly important	This ASX Release refers only to historic exploration drilling and does
between	in the reporting of exploration results.	not report any new drilling results, assay or other sampling
mineralisation widths and intercept lengths	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported,	exploration work. Historical assay intersections are reported as down hole lengths. The relationship of down hole width to true width will be reviewed by St George upon assessment of the newly acquired technical data.
	there should be a clear statement to this effect
	(e.g. down hole length, true width not known).
Diagrams	Appropriate maps and sections (with scales)	Relevant scaled and oriented maps are included in the body of the
	and tabulations of intercepts should be	ASX Release.
	included for any significant discovery being
	reported. These should include, but not be
	limited to a plane view of drill hole collar
	locations and appropriate sectional views.
Balanced	Where comprehensive reporting of all	This ASX Release refers only to historic exploration drilling and does
Reporting	Exploration Results is not practical,	not report any new drilling results, assay or other sampling
	representative reporting of both low and high	exploration work. Comprehensive reporting of all exploration results
	grades and/or widths should be practiced to	is not required for the scope of this ASX release and will be
	avoid misleading reporting Exploration Results.	tabulated upon detailed evaluation of the newly acquired project
		database.
Other	Other exploration data, if meaningful and	This ASX Release refers only to historic exploration drilling and does
substantive	material, should be reported including (but not	not report any new drilling results, assay or other sampling
exploration	limited to): geological observation; geophysical	exploration work.
data	survey results; geochemical survey results; bulk
	samples – size and method of treatment;
	metallurgical test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious or
	contaminating substances.

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Criteria	JORC Code explanation	Commentary
Further Work	The nature and scale of planned further work	Further exploration on E29/638 will be planned once all newly
	(e.g. tests for lateral extensions or depth	acquired technical data has been reviewed. Details of further work
	extensions or large – scale step – out drilling).	at the tenement will be announced shortly.
	Diagrams clearly highlighting the areas of
	possible extensions, including the main
	geological interpretations and future drilling
	areas, provided this information is not
	commercially sensitive.

HOLE ID	EASTING	NORTHING	DIP	AZM	DEPTH	FROM	TO	WIDTH	Ni	Cu	Total PGEs
	(m)	(m)	(deg)	(deg)	(m)	(m)	(m)	(m)	(%)	(%)	(g/t)
MAD012	233885	6806995	‐70	170	111.5	81.5	95.5	14	1.9	0.8	1.8
incl.						91.4	95.4	4	4.9	1.7	3.9
MAD013	233805	6806955	‐70	170	93.3	56.3	59.3	3	3.8	1.6	2.7
incl.						57.6	59	1.4	7.1	3.0	2.9
MARC49	233759	6806979	‐55	180	142	60	66	6	3.3	1.5	2.7

Table 1 to 2012 JORC Section – Significant intersections at the Cathedrals Prospect within E29/638

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