ST GEORGE MINING LIMITED — Capital/Financing Update 2017

May 3, 2017

ASX / MEDIA RELEASE

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4 May 2017

MAJOR GOLD AND NICKEL DRILL PROGRAMME AT EAST LAVERTON PROJECT

HIGHLIGHTS:

Windsor Nickel Sulphide Prospect at East Laverton:

• Electromagnetic (EM) conductor at Windsor with very high conductivity of 210,000 Siemens will be drilled

• The new downhole EM (DHEM) plate to be tested has been modelled from the DHEM survey in WINDD004 that was drilled within 5 metres of the EM conductor

• Nickel sulphides in drill core of WINDD004 support the potential for the EM conductor to represent massive nickel sulphides

Gold Drilling at East Laverton:

• 5,000m of planned drilling to test pipeline of gold targets on three major greenstone belts at East Laverton

• Gold anomalism identified in all three greenstone belts by past exploration

• Underexplored region containing recent world‐class gold discoveries at Tropicana (+8MozAu) and Gruyere (+6MozAu)

ST GEORGE READY TO DRILL AT EAST LAVERTON

St George Mining Limited (ASX: SGQ ) (‘St George Mining’ or ‘the Company’) is pleased to announce a major drill programme at its 100% owned East Laverton Project in Western Australia. The drill rig is mobilising to site today with drilling expected to commence by this Saturday.

This reverse circulation (RC) drill programme will primarily focus on the pipeline of gold targets established across the three underexplored greenstone belts at East Laverton. Targets on all three major greenstone belts will be drilled with over 5,000m of drilling planned.

The drill programme will also include the drill testing of the highly conductive DHEM plate at the Windsor nickel sulphide prospect. At 210,000 Siemens, this is the most conductive nickel sulphide target identified at the East Laverton Project to date.

St George Mining Executive Chairman, John Prineas said:

“Our technical team, in conjunction with our external experts – Dr Walter Witt and Dr Jon Hronsky, have dedicated considerable time in developing the pipeline of gold targets across the East Laverton Project. We are pleased to commence drilling of these targets which have the potential for a significant gold discovery.

“The drilling of the extremely powerful EM conductor at Windsor has been much anticipated, and I’m happy to say that this outstanding nickel sulphide target will be the first to be drilled in this programme.

“With ongoing major drill programmes at our East Laverton and Mt Alexander Projects, it’s a very exciting time for our shareholders.“

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WINDSOR – HIGHLY CONDUCTIVE EM TARGET

Past drilling by St George at the Windsor nickel sulphide prospect has resulted in numerous disseminated nickel sulphide intersections within channel facies komatiites, indicating an attractive exploration area for a massive nickel sulphide deposit.

Drill hole WINDD004 was drilled by St George to test the highly conductive DHEM plate WINRC016_v1 (210,469 Siemens) at Windsor. There was no conductive material in the drill core of WINDD004 capable of providing the extremely high EM response that was modelled for DHEM plate WINRC016_v1 . The DHEM survey data from WINDD004 identified a strong off‐hole EM anomaly about 5 metres to the north of WINDD004, indicating that WINDD004 came close to testing the conductive source but did not intersect it.

Newexco has completed further interpretation of the DHEM data from WINDD004 and WINRC016 resulting in a new DHEM plate – WINDD004_v1. This plate is modelled with a very high conductivity response, has dimensions of 50m x 10m and is situated 95m below surface.

Figure 1 is a cross section of drilling at Windsor which illustrates the location of DHEM plate WINDD004_v1 on the western contact of the Windsor ultramafic, a favourable setting for potential nickel sulphide mineralisation.

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Figure 1 – Interpreted geological cross section of WINDD004, WINRC016 and WINRC015 (+‐50m) showing the WINDD004_v1 plate on the western contact of the Windsor ultramafic.

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Nickel sulphide enrichment was identified in WINDD004 between 85m to 138m downhole with nickel values up to 1.05%Ni. The presence of nickel sulphide mineralisation adjacent to the DHEM plate supports the potential for this highly conductive target to represent massive nickel sulphides.

MAJOR GOLD DRILL PROGRAMME

The East Laverton Project is located near the eastern margin of the North Eastern Goldfields, an area that remains underexplored and where two of the most recent large greenfields gold discoveries in Australia ‐ the +8MozAu Tropicana deposit and the +6MozAu Gruyere deposit – are also located.

Historical drilling, as well as recent nickel‐focused drilling by St George, has identified widespread gold anomalism on all three main greenstone belts at the East Laverton Project. This gold anomalism has the potential to be associated with larger gold systems that could host significant gold deposits.

A pipeline of prospective gold targets has been identified by our technical team, working in conjunction with external experts Dr Walter Witt and Dr Jon Hronsky. Drill holes have been planned for these targets and prioritised for drilling.

The gold drill programme was scheduled to commence at East Laverton in March 2017 with 2,000m of planned drilling. The start of the drill programme was delayed due to unseasonal heavy rains in the North Eastern Goldfields that caused numerous road closures by local shires, and prevented access to our East Laverton Project. The delay in the start of the programme has allowed further drill targets to be finalised and added to the programme, expanding it to over 5,000m of planned drilling.

Figure 2 illustrates the priority gold targets situated across the three main greenstone belts at East Laverton.

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Figure 2 ‐ the East Laverton tenements against FVD Bouguer gravity data with priority gold prospects highlighted.

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Cambridge Gold Prospect:

The first prospect to be drilled will be Cambridge on the Stella Range Belt. Figure 3 illustrates the four target areas at Cambridge that will be drilled in this programme.

Target A – drilling here will test for gold mineralisation in an embayment on the western contact of the large Cambridge ultramafic body. This is a favourable structural area with its gold prospectivity corroborated by the presence of gold soil anomalies.

Target B – this area is a section of the untested eastern contact of the ultramafic body where rheological contrast is at its greatest at a favourable fault bend location.

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Figure 3 – a plan view of the Cambridge gold prospect (against RTP magnetic data) showing priority target areas and planned drilling.

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Target C – this area encompasses the intersection of a fold axis and a reactive Fe‐rich unit, with possibly dolerite mafic units. There is extensive anomalous Cu and Mo in soil samples for this area. Anomalous Au intervals were encountered in historical shallow drilling that includes 6m @ 0.41ppmAu from 15m in SRAB129, reflecting supergene gold.

Target D – this is a bulls‐eye magnetic anomaly that is possibly an intrusion or folded BIF with extensive anomalous Cu and Mo in soil samples. Anomalous Au intervals in historical shallow drilling include 6m @ 0.74ppmAu from 6m in SRAB170, reflecting supergene gold.

Other Gold Prospects to be Drilled:

In addition to Cambridge, drilling is also planned in this programme for the prospects at Cambridge North, Desert Dragon, Bristol and Athena.

Further details of the drilling scheduled for these targets will be announced shortly.

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Figure 4 – the main gold‐bearing greenstone belts of the Yilgarn Craton, a world class gold province with an endowment of over 300 million ounces of gold. The East Laverton Project is in the eastern margin of the Yilgarn Craton, where major new discoveries continue to be made.

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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

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 Timothy Hronsky, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hronsky is employed by Essential Risk Solutions Ltd which has been retained by St George Mining Limited to provide technical advice on mineral projects.

Mr Hronsky 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 ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Hronsky 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 section is 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	JORC Code explanation	JORC Code explanation	JORC Code explanation		Commentary
Sampling	Nature and		quality of sampling		(eg cut	This ASX Release dated 4 May 2017 reports on the 2017 gold and
techniques	channels, random chips, or specific specialised					nickel drill programme at the Company’s East Laverton Project.
	industry standard appropriate to investigation, such			measurement the minerals as down hole	tools under gamma	The current drilling programme is being completed by reverse circulation (RC) drilling.
	sondes, or	handheld XRF instruments, etc).				RC Sampling: All samples from the RC drilling are taken as 1m
	These examples should not be taken as limiting					samples. Samples are sent to Intertek Laboratories for assaying.
	the broad meaning of sampling.					Appropriate QAQC samples (standards, blanks and duplicates) are
						inserted into the sequences as per industry best practice. Samples
						are collected using cone or riffle splitter. Geological logging of RC
						chips is completed at site with representative chips being stored in
						drill chip trays.
						Onsite XRF analysis is conducted on the fines from RC chips using a
						hand‐held Olympus Innov‐X Spectrum Analyser. These results are
						only used for onsite interpretation and preliminary assessment
						subject to final geochemical analysis by laboratory assays.
	Include reference to measures taken to ensure					_RC Sampling:_The RC drilling rig has a cone splitter built into the
	sample representivity and the appropriate					cyclone on the rig. Samples are taken on a one meter basis and
	calibration	of	any	measurement tools or		collected directly from the splitter into uniquely numbered calico
	systems used.					bags. The calico bag contains a representative sample from the drill
						return for that metre. This results in a representative sample being
						taken from drill return, for that metre of drilling. The remaining
						majority of the sample return for that metre is collected and stored
						in a green plastic bag marked with that specific metre interval. The
						cyclone is blown through with compressed air after each plastic and
						calico sample bag is removed. If wet sample or clays are
						encountered then the cyclone is opened and cleaned manually and
						with the aid of a compressed air gun.
						A large auxiliary compressor (“air‐pack”) is mounted on a separate
						truck and the airstream is connected to the rig. This provides an
						addition to the compressed air supplied by the in‐built compressors
						mounted on the drill rig itself. This auxiliary compressor maximises
						the sample return through restricting air pressure loss, especially in
						deeper holes. In addition, the high and consistent levels of air
						pressure minimise the number of drill samples.
						Geological logging of RC chips is completed at site with
						representative chips being stored in drill chip trays. Downhole
						surveys of dip and azimuth are conducted using a single shot camera
						every 30m to detect deviations of the hole from the planned dip and
						azimuth. The drill‐hole collar locations were recorded using a hand
						held GPS, which has an accuracy of +/‐ 5m. At a later date the drill‐
						hole collar will be surveyed to a greater degree of accuracy.

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Criteria	JORC Code explanation	Commentary
	Aspects of the determination of mineralisation	_RC Sampling:_A 1m composite sample is taken from the bulk sample
	that are Material to the Public Report.	of RC chips that may weigh in excess of 40 kg. Assay preparation is
	In cases where ‘industry standard’ work has	for the current drilling program will be completed by Intertek.
	been done this would be relatively simple (eg	Assays are undertaken at Intertek in Kalgoorlie and Perth. Samples
	‘reverse circulation drilling was used to obtain	are sent to Intertek where they are crushed to 6 mm and then
	1 m samples from which 3 kg was pulverised to	pulverised to 75 microns. A 30 g charge of the sample is fire assayed
	produce a 30 g charge for fire assay’). In other	for gold, platinum and palladium. The detection range for gold is 1 –
	cases more explanation may be required, such	2000 ppbAu, and 0.5 – 2000 ppb for platinum and palladium. This is
	as where there is coarse gold that has inherent	believed to be an appropriate detection level for these elements
	sampling problems. Unusual commodities or	within this specific mineral environment. However, should Au, Pt or
	mineralisation types (eg submarine nodules)	Pd levels reported exceed these levels an additional assay method
	may warrant disclosure of detailed	will be used to re‐test samples.
	information.	All other metals will be analysed using an acid digest and an ICP
		finish. The sample is digested with nitric, hydrochloric, hydrofluoric
		and perchloric acids to effect as near to total solubility of the sample
		as possible. The solution containing samples of interest, including
		those that need further review, will then be presented to an ICP‐OES
		for the further quantification of the selected elements.
Drilling	Drill type (eg core, reverse circulation, open‐	_RC Sampling:_The RC drilling uses a 140 mm diameter face hammer
techniques	hole hammer, rotary air blast, auger, Bangka,	tool. High capacity air compressors on the drill rig are used to
	sonic, etc) and details (eg core diameter, triple	ensure a continuously sealed and high pressure system during
	or standard tube, depth of diamond tails, face‐	drilling to maximise the recovery of the drill cuttings, and to ensure
	sampling bit or other type, whether core is	chips remain dry to the maximum extent possible.
	oriented and if so, by what method, etc).
Drill sample	Method of recording and assessing core and	_RC Sampling:_RC samples are visually checked for recovery, moisture
recovery	chip sample recoveries and results assessed.	and contamination. Geological logging is completed at site with
		representative RC chips stored in chip trays.
	Measures taken to maximise sample recovery	_RC Sampling:_Samples are collected using cone or riffle splitter.
	and ensure representative nature of the	Geological logging of RC chips is completed at site with
	samples.	representative chips being stored in drill chip trays.
	Whether a relationship exists between sample	To date, no detailed analysis to determine the relationship between
	recovery and grade and whether sample bias	sample recovery and grade has been undertaken for any drill
	may have occurred due to preferential	program. This analysis will be conducted following any economic
	loss/gain of fine/coarse material.	discovery.
		The nature of magmatic sulphide distribution hosted by the
		competent and consistent rocks hosting any mineralised intervals
		are considered to significantly reduce any possible issue of sample
		bias due to material loss or gain.
Logging	Whether core and chip samples have been	Geological logging is carried out on all drill holes with lithology,
	geologically and geotechnically logged to a	alteration, mineralisation, structure and veining recorded.
	level of detail to support appropriate Mineral
	Resource estimation, mining studies and
	metallurgical studies.
	Whether logging is qualitative or quantitative	Logging of diamond core and RC samples records lithology,
	in nature. Core (or costean, channel, etc)	mineralogy, mineralisation, structures (core only), weathering,
	photography.	colour and other noticeable features. Core was photographed in
		both dry and wet form.
	The total length and percentage of the relevant	All drill holes are geologically logged in full and detailed litho‐
	intersections logged.	geochemical information is collected by the field XRF unit. The data
		relating to the elements analysed is used to determine further
		information regarding the detailed rock composition.

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Criteria	JORC Code explanation	Commentary
Sub‐sampling	If core, whether cut or sawn and whether	Drilling is only by RC drilling at this stage.
techniques and	quarter, half or all core taken.
sample
reparation
	If non‐core, whether riffled, tube sampled,	RC samples are collected in dry form. Samples are collected using
	rotary split, etc and whether sampled wet or	cone or riffle splitter when available. Geological logging of RC chips
	dry.	is completed at site with representative chips being stored in drill
		chip trays.
	For all sample types, the nature, quality and	RC Sampling: Sample preparation for RC chips follows a standard
	appropriateness of the sample preparation	protocol.
	technique.	Assay preparation procedures ensure the entire sample is pulverised
		to 75 microns before the sub‐sample is taken. This removes the
		potential for the significant sub‐sampling bias that can be
		introduced at this stage.
	Quality control procedures adopted for all sub‐	RC Sampling: Field QC procedures maximise representivity of RC
	sampling stages to maximise representivity of	samples and involve the use of certified reference material as assay
	samples.	standards, along with blanks, duplicates and barren washes.
	Measures taken to ensure that the sampling is	_RC Sampling:_Field duplicates were taken on 1m composites for RC
	representative of the in situ material collected,	samples.
	including for instance results for field
	duplicate/second‐half sampling.
	Whether sample sizes are appropriate to the	The sample sizes are considered to be appropriate to correctly
	grain size of the material being sampled.	represent the sulphide mineralisation at the East Laverton Property
		based on: the style of mineralisation (massive and disseminated
		sulphides), the thickness and consistency of the intersections and
		the sampling methodology.
Quality of	The nature, quality and appropriateness of the	For RC sampling, a 30 gram sample will be fire assayed for gold,
assay data and	assaying and laboratory procedures used and	platinum and palladium. The detection range for gold is 1 – 2000
laboratory	whether the technique is considered partial or	ppbAu, and 0.5 – 2000 ppb for platinum and palladium. This is
tests	total.	believed to be an appropriate detection level for the levels of these
		elements within this specific mineral environment. However, should
		Au, Pt or Pd levels reported exceed these levels; an alternative assay
		method will be selected.
		All other metals will be analysed using an acid digest and an ICP
		finish. The sample is digested with nitric, hydrochloric, hydrofluoric
		and perchloric acids to effect as near to total solubility of the sample
		as possible. The solution containing samples of interest, including
		those that need further review, will then be presented to an ICP‐OES
		for the further quantification of the selected elements.
	For geophysical tools, spectrometers, handheld	A handheld XRF instrument (Olympus Innov‐X Spectrum Analyser) is
	XRF instruments, etc, the parameters used in	used to systematically analyse the drill core and RC chips onsite.
	determining the analysis including instrument	Reading time was 60 seconds. The instruments are serviced and
	make and model, reading times, calibrations	calibrated at least once a year. Field calibration of the XRF
	factors applied and their derivation, etc.	instrument using standards is undertaken each day.
	Nature of quality control procedures adopted	Laboratory QAQC involves the use of internal lab standards using
	(eg standards, blanks, duplicates, external	certified reference material, blanks, splits and replicates as part of in
	laboratory checks) and whether acceptable	house procedures. The Company will also submit an independent
	levels of accuracy (ie lack of bias) and precision	suite of CRMs, blanks and field duplicates (see above).
	have been established.
Verification of	The verification of significant intersections by	Significant intersections are verified by the Company’s Technical
sampling and	either independent or alternative company	Director and Consulting Field Geologist.
assaying	personnel.

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Criteria	JORC Code explanation	Commentary
	The use of twinned holes.	No twinned holes have been completed.
	Documentation of primary data, data entry	Geological data was collected using handwritten log sheets and
	procedures, data verification, data storage	imported in the field onto a laptop detailing geology (weathering,
	(physical and electronic) protocols.	structure, alteration, mineralisation), sampling quality and intervals,
		sample numbers, QA/QC and survey data. This data, together with
		the assay data received from the laboratory and subsequent survey
		data was entered into the Company’s database.
	Discuss any adjustment to assay data.	No adjustments or calibrations will be made to any primary assay
		data collected for the purpose of reporting assay grades and
		mineralised intervals. For the geological analysis, standards and
		recognised factors may be used to calculate the oxide form assayed
		elements, or to calculate volatile free mineral levels in rocks.
Location of	Accuracy and quality of surveys used to locate	Drill hole collar locations are determined using a handheld GPS with
data points	drill holes (collar and down‐hole surveys),	an accuracy of +/‐ 5m.
	trenches, mine workings and other locations used in Mineral Resource estimation.	Down hole surveys of dip and azimuth were conducted using a single shot camera every 30m to detect deviations of the hole from
		the planned dip and azimuths.
	Specification of the grid system used.	The grid system used is GDA94, MGA Zone 51.
	Quality and adequacy of topographic control.	Best estimated RLs were assigned during drilling and are to be
		corrected at a later stage.
Data spacing	Data spacing for reporting of Exploration	The spacing and distribution of holes is not relevant to the drilling
and	Results.	programs which are at the exploration stage.
distribution
	Whether the data spacing and distribution is	Drilling at the East Laverton Project is at the exploration stage and
	sufficient to establish the degree of geological	mineralisation has not yet demonstrated to be sufficient in both
	and grade continuity appropriate for the	geological and grade continuity appropriate for the Mineral
	Mineral Resource and Ore Reserve estimation	Resource and Ore Reserve estimation procedure(s) and
	procedure(s) and classifications applied.	classifications to be applied.
	Whether sample compositing has been applied.	Samples are taken at one metre lengths and adjusted where
		necessary to reflect local variations in geology or where visible
		mineralised zones are encountered, in order to preserve the
		samples as representative.
Orientation of	Whether the orientation of sampling achieves	The drill holes are drilled towards 060 at an angle of ‐60 degrees
data in relation	unbiased sampling of possible structures and	(unless otherwise stated) to intersect the modelled mineralised
to geological	the extent to which this is known, considering	zones at a near perpendicular orientation. However, the orientation
structure	the deposit type.	of key structures may be locally variable and any relationship to
		mineralisation has yet to be identified.
	If the relationship between the drilling	No orientation based sampling bias has been identified in the data
	orientation and the orientation of key	to date.
	mineralised structures is considered to have
	introduced a sampling bias, this should be
	assessed and reported if material.
Sample	The measures taken to ensure sample security.	Chain of Custody is managed by the Company until samples pass to
security		a duly certified assay laboratory for subsampling and assaying. The
		RC sample bags are stored on secure sites and delivered to the assay
		laboratory by the Company or a competent agent. When in transit,
		they are kept in locked premises. Transport logs have been set up to
		track the progress of samples. The chain of custody passes upon
		delivery of the samples to the assay laboratory.
Audits or	The results of any audits or reviews of sampling	Sampling techniques and procedures are regularly reviewed
reviews	techniques and data.	internally, as is data. To date, no external audits have been
		completed on the drilling programme.

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Section 2 Reporting of Exploration Results (Criteria listed in section 1 will also apply to this section where relevant)

Criteria	JORC Code explanation	Commentary
Mineral	Type, name/reference number, location and	The East Laverton Project comprises 27 exploration licences, and
Tenement and	ownership including agreements or material	details are available in the Company’s Quarterly Activities Report
Land Status	issues with third parties including joint	which can be found on our website atwww.stgm.com.au.
	ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	Each tenement is 100% owned by Desert Fox Resources Pty Ltd, a wholly owned subsidiary of St George Mining. Certain tenements are subject to a 2% Net Smelter Royalty in favour of a third party.
		An additional two exploration licences are owned directly by St
	The security of the tenure held at the time of	George Mining Limited, and are referred to as the Lake Minigwal
	reporting along with any known impediments	Project that hosts the Atlas gold target.
	to obtaining a licence to operate in the area.	None of the tenements are the subject of a native title claim. No
		environmentally sensitive sites have been identified at any of the
		tenements. The tenements are in good standing; no known
		impediments exist.
Exploration	Acknowledgment and appraisal of exploration	Gold Exploration:
Done by Other	by other parties.	Historical exploration drilling targeting gold was completed mainly
Parties		by WMC Resources in the early 1990s. This drilling was relatively
		shallow, mostly less than 100m.
		The historical drilling along the Minigwal belt defined linear zones of
		anomalous gold and copper in the regolith that extend over 1,300m
		and are open to the south towards the Ascalon target.
		The Bristol gold target is situated along the Central Belt within the
		East Laverton Project. Widespread anomalous gold (>0.5g/t Au) was
		encountered over a 1km strike length from shallow drilling in this
		area completed in the 1990s by previous exploration.
		The average hole‐depth for the past drilling at Bristol was
		approximately 40m and identified anomalous gold in the lower
		regolith. Significantly, gold anomalism in seven of the eight drill
		holes occurs at the end of hole. The continuation of this gold
		mineralisation, or the presence of bedrock gold mineralisation, has
		never been tested.
		The gold anomalism is situated on the contact of the Bristol
		ultramafics/mafics with granites, as defined by a distinct magnetic
		and gravity gradient. This is a favourable setting for gold
		mineralisation.
		Savanna Mineral Resources Pty Ltd completed a number of shallow
		drill programmes across the Stella Range Belt during the 1990’s
		including the series of drill holes designated SRAB001 to 176.
		Anomalous gold was identified in numerous drill holes, interpreted
		to be supergene gold. The presence of bedrock gold mineralisation
		at St George’s gold targets has never been tested.
		Nickel Exploration:
		In 2012, BHP Billiton Nickel West Pty Ltd (Nickel West) completed a
		reconnaissance RC (reverse circulation) drilling programme at the
		East Laverton Property as part of the Project Dragon farm‐in
		arrangement between Nickel West and the Company. That farm‐in
		arrangement has been terminated. The drilling programme
		comprised 35 RC holes for 8,560m drilled.
		The results from the Nickel West drilling programme were reported
		by the Company in its ASX Release dated 25 October 2012 “Drill
		Results at Project Dragon”. Drilling intersected primary nickel
		sulphide mineralisation and established the presence of fertile, high
		MgO ultramafic sequences at the East Laverton Property.

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Criteria	JORC Code explanation	Commentary
		Prior to the Project Dragon drilling programme, there was no
		systematic exploration for nickel sulphides at the East Laverton
		Property. Historical exploration in the region was dominated by
		shallow RAB and aircore drilling, much of which had been
		incompletely sampled, assayed, and logged. This early work was
		focused on gold rather than nickel sulphide exploration.
Geology	Deposit type, geological setting and style of	The Company’s East Laverton Property located in the NE corner of
	mineralisation	the Eastern Goldfields Province of the Archean Yilgarn Craton.
		Reconnaissance drilling has identified extensive greenstones at the
		Property, which is interpreted to be prospective for Orogenic gold
		mineralisation.
Drill hole	A summary of all information material to the
information	understanding of the exploration results	Refer to information in the body of this announcement.
	including tabulation of the following
	information for all Material drill holes:
	• Easting and northing of the drill hole collar
	•Elevation or RL (Reduced Level – elevation
	above sea level in meters) of the drill hole collar
	• Dip and azimuth of the hole
	• Down hole length and interception depth
	• Hole length
Data	In reporting Exploration Results, weighting	No top‐cuts have been applied unless otherwise indicated.
aggregation	averaging techniques, maximum and/or
methods	minimum grade truncations (e.g. cutting of
	high grades) and cut‐off grades are usually
	Material and should be stated.
	Where aggregated intercepts incorporate short	High grade intervals internal to broader zones of mineralisation are
	lengths of high grade results and longer	reported as included intervals.
	lengths of low grade results, the procedure
	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	No metal equivalent values are used for reporting exploration
	metal equivalent values should be clearly	results.
	stated.
Relationship	These relationships are particularly important	The geometry of the mineralisation is not yet known due to
between	in the reporting of exploration results. If the	insufficient deep drilling in the targeted area.
mineralisation	geometry of the mineralisation with respect to
widths and	the drill hole angle is known, its nature should
intercept	be reported. If it is not known and only the
lengths	down hole lengths are reported, there should
	be a clear statement to this effect.
Diagrams	Appropriate maps and sections (with scales)	Maps are included in the body of the ASX Release.
	and tabulations of intercepts should be
	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	Reports on recent exploration can be found in ASX Releases that are
Reporting	Exploration Results is not practical,	available on our website atwww.stgm.com.au:
	representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	The exploration results reported are representative of the mineralisation style with grades and/or widths reported in a consistent manner.

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Criteria	JORC Code explanation	Commentary
Other	Other exploration data, if meaningful and	All meaningful and material information has been included in the
substantive	material, should be reported including (but not	body of the text. No metallurgical or mineralogical assessments
exploration	limited to): geological observation; geophysical	have been completed.
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.
Further Work	The nature and scale of planned further work	A discussion of further exploration work is contained in the body of
	(e.g. tests for lateral extensions or depth	the ASX Release.
	extensions or large – scale step – out
	drilling).Diagrams clearly highlighting the areas
	of possible extensions, including the main
	geological interpretations and future drilling
	areas, provided this information is not
	commercially sensitive.

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