ST GEORGE MINING LIMITED — Capital/Financing Update 2020

Sep 8, 2020

9 September 2020

DRILLING AT MT ALEXANDER DELIVERS MORE THICK INTERCEPTS OF MINERALISED MAFIC-ULTRAMAFIC UNITS

• Multiple intersections of mineralised mafic-ultramafic units across a 4km-long east-west strike of the Cathedrals Belt with a target horizon open to the east and west
• MAD185 at Investigators:
  • 25.4m thick mafic-ultramafic intersected from 300.6m downhole
  • Includes a 15m thick ultramafic with disseminated and blebby nickel-copper sulphides (<5% sulphides with pentlandite (pn), chalcopyrite (cp) and pyrrhotite (py)) from 311.3m downhole
• MAD184 at Investigators:
  • 23.2m thick mafic-ultramafic intersected from 444.5m downhole
  • Includes a 5m thick ultramafic with disseminated and blebby nickel-copper sulphides (<5% sulphides with pn, cp and py) from 462.7m downhole
• MAD186 at Cathedrals:
  • 57.9m thick mafic-ultramafic from 282.1m downhole
  • Includes a 2.1m thick ultramafic with disseminated and blebby nickel-copper sulphides (<5% sulphides with pn, cp and py) from 337.9m
• Outstanding potential for the discovery of further nickel-copper sulphide deposits along strike to the east and west of these drill holes as well as up-dip and down-dip of the mineralised intercepts

Growth-focused Western Australian nickel company St George Mining Limited (ASX: SGQ) ("St George" or "the Company") is pleased to announce further strong drill results at its flagship Mt Alexander Project, located in the north-eastern Goldfields.

MORE INTERCEPTS OF MINERALISED MAFIC-ULTRAMAFIC INTRUSIVES

The latest drill holes completed at Mt Alexander continue to intersect mineralised mafic-ultramafic units across an east-west strike of the Cathedrals Belt that extends for more than 4km.

The mafic-ultramafic units are intrusive-style rocks that are known to host high-grade massive nickel-copper sulphides at shallow depths along the Cathedrals Belt.

The identification of further thick intrusive-style rocks with nickel-copper sulphide mineralisation at depth is strongly supportive of the potential for additional massive sulphide deposits to be present within the extensive Cathedrals Belt intrusive mineral system.

Drilling and down-hole electromagnetic (DHEM) surveys are continuing to test for further high-grade nickelcopper sulphide mineralisation along the Cathedrals Belt – both up-dip and down-dip from the mineralisation intersected in the latest drill holes and also along strike to the east and west of those holes.

John Prineas, St George Mining's Executive Chairman, said:

"These results demonstrate continuity of the mineralised mafic-ultramafic units across the Cathedrals Belt over a very extensive strike length.

"This is further evidence of the large intrusive complex at the Cathedrals Belt and increases the prospectivity for significant nickel-copper sulphide deposits down-plunge of the known shallow massive sulphide deposits.

"We are encouraged and excited by the geological potential at the Cathedrals Belt that continues to grow as results from our methodical exploration come in."

The strong results in MAD184, MAD185 and MAD186 follow on from the successful results in MAD181 and MAD183 which also intersected thick mineralised mafic-ultramafic units – see our ASX Release dated 27 August 2020 Thick Mineralised Unit Intersected at Investigators.

The mineralised intrusive structure at the Cathedrals Belt has been confirmed by the latest drilling to extend for more than 4km in an east-west strike and remains open to the east and west.

The structure dips to the north-northwest at an angle of about 40 degrees with mineralisation intersected along this structure from near surface to about 600m down-dip – establishing a large target horizon for the presence of further nickel-copper sulphide mineralisation.

Figure 1 show the latest drilling along this large target horizon. There is strong potential for the discovery of further mineralisation along strike and also down-dip and up-dip from the latest mineralised intercepts.

Figure 1 – Schematic orthographic view of the Cathedrals Belt showing the large interpreted target horizon, the new discoveries in MAD184, MAD185, MAD186 and MAD187 as well as existing drilling and known massive nickel-copper sulphides.

MAD185:

MAD185 was drilled to a downhole depth of 361.2m to test an off-hole conductor identified from the DHEM survey in MAD179.

Geological logging of the drill hole is set out below.

MAD185	Geological log of rock types
0 to 49m	Cover and granite saprolite
40.5m to271.3m	Granites including with cross-cutting pegmatites. Strong potassic alteration.
271.3 to303.9m	Granites with increasing structural complexity. Increasing epidote alterationfrom intruding mafic-ultramafic dykesat base.
303.9m to311.3m	Mafic intrusive with large granitic xenoliths. <40mm granite xenoliths withinupper mafic unit. Gradational contact with below ultramafic.
311.3m to319m	SerpentinisedUltramafic.<2%sulphidescomprisingpentlandite(pn),chalcopyrite (cp) and pyrrhotite (po).
319m to326m	Ultramafic with increasing sulphides. <5%blebby and disseminated sulphidescomprising pentlandite (pn), chalcopyrite (cp) and pyrrhotite (po).
326m to361.2m	Pegmatites. predominantly thought to be intruding Grano-dioritehost rock.

Disseminated and blebby sulphides of the kind intersected in MAD185 can represent the halo around proximal massive sulphide mineralisation. Accordingly, the thick mineralised ultramafic unit intersected in MAD185 is supportive of the potential for the presence of higher-grade mineralisation nearby.

Figure 2 - Photo of drill core from MAD185 showing disseminated and blebby sulphides at about 310m downhole.

MAD184:

MAD184 was completed to a downhole depth of 497.8m at Investigators to test a broad EM anomaly identified by the SQUID MLEM survey completed earlier this year. Geological logging is set out below.

MAD184	Geological log of rock types
0 to 93.6m	Cover and granite saprolite
93.6m to154m	Granites. Strong potassic alteration
154m to280m	Grano-diorite, minor cross-cutting pegmatites.
280m to330m	Syeno-Granite with cross-cutting pegmatites.
330m to444.5m	Predominantly pegmatites cross-cutting granite. Likely indicating structural preexisting structural corridor.
444.5m to462.7m	Mafic intrusive with large granitic xenoliths. <40mm granite xenoliths withinupper mafic unit. Gradational contact with below ultramafic.
462.7m to466.7m	Ultramafic intrusive with disseminated sulphides. <5%sulphides comprisingpentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)increasing in abundancetowards basal contact.
466.7m to466.9m	Fault Zone at basal contact of ultramafic.
466.9m to467.2m	Granodiorite. Potentially rafted into ultramafic by fault.
467.2m to467.7m	Ultramafic intrusive with disseminated sulphides. <5%sulphides comprisingpentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)
467.7m to497.8m	Granodiorite, minor cross-cutting pegmatites.

The thick intrusive-style rocks intersected in MAD184 are further evidence of the extensive intrusive mineral system at depth which has the potential to host high-grade mineralisation.

Importantly, this drill hole confirms the continuation of the prospective horizon to the west of Investigators, and into the West End area – see also comments on MAD187 below.

MAD186:

MAD186 was completed to a downhole depth of 399.6m at the Cathedrals Prospect to test the continuation of the Cathedrals ultramafics in a zone with strong MT/AMT conductance.

The very thick intersection of mafic-ultramafic rocks in MAD186 has confirmed the continuation of the intrusive rocks in a previously untested area, increasing the potential for the presence of nickel-copper sulphides. Further exploration of this area is strongly warranted.

Geological logging for MAD186 is set out below.

MAD186	Geological log of rock types
0 to 14m	Cover and granite saprolite
14m to250.6m	Granites including cross-cutting pegmatites
250.6m to282.1m	Predominantly pegmatites cross-cutting granite. Likely indicating structural preexisting structural corridor.
282.1m to337.9m	Mafic intrusive with large granitic xenoliths. <40mm granite xenoliths withinupper mafic unit. Gradational contact with below ultramafic.
337.9m to340m	Ultramaficintrusiveunit.Tracesulphidescomprisingpentlandite(pn),chalcopyrite (cp) and pyrrhotite (po)observed.
340m to399.6m	Granites including cross-cutting pegmatites.

MAD187:

MAD187 was completed to a downhole depth of 253m at the West End Prospect to test a strong, single component (BZ) EM anomaly identified by the SQUID MLEM survey completed earlier this year.

Geological logging is set out below.

MAD187	Geological log of rock types
0 to 52.5m	Shallow cover and granite saprolite
52.5m to240.1m	Granitesincludingcross-cuttingpegmatites.Strongpotassicalterationthroughout.
240.1m to242.2m	Ultramaficintrusiveunit.Tracesulphidescomprisingpentlandite(pn),chalcopyrite (cp) and pyrrhotite (po)observed.
242.2m to253m	Granite. Strong potassic alteration.

Like MAD185, MAD187 was drilled to the west of the Investigators Prospect and intersected the same intrusive-style rocks identified in other parts of the Cathedrals Belt. The MLEM anomaly is located along a separate geological unit and approximately 350m to the south of MAD184.

The presence of intrusive rocks in this location confirms the widespread nature of this large intrusive system. It also supports the potential continuity of mineralisation to the western extension of the Cathedrals Belt, including at the West End Prospect that lies next to the interpreted Ida Fault.

Further drilling will be designed to test this underexplored section of the Cathedrals Belt. Surface EM surveys completed in this area have not been effective because of conductive cover, and therefore drilling and DHEM surveys will be used concurrently to explore this area.

DHEM SURVEYS FOR DEEP DRILL HOLES

DHEM surveys have been completed in MAD183, MAD181 and MAD180. Survey data is being reviewed and assessed.

The survey crew have temporarily left site and are expected to return within the week to complete DHEM surveys on other completed drill holes.

Figure 4 – Plan view of the Cathedrals Belt showing areas of completed and planned drilling, overlaying interpreted geology and magnetics (TMI RTP 1VD).

DRILL PROGRAMME

Drilling continues at Mt Alexander on a 24/7 basis.

MAD188 is currently being drilled to test a MT/AMT anomaly at Stricklands. The drill hole has been designed to a depth of 450m and is planned to test to the north and down dip of the known nickel-copper mineralisation.

Table 1 below contains drill hole details for the holes completed in the current campaign to test new targets.

Hole ID	Prospect	East	North	RL	Depth	Azi	Dip
MAD179	Investigators	230928	6806709	418	351.9	180	-70
MAD180	Investigators	231439	6807031	423	850	180	-70
MAD180W1	Investigators	231442.0	6806869.6	-71.6	877.4	180	-68
MAD181	Investigators	231726	6807301	425	800	180	-65
MAD182	Cathedrals	233960	6807824	412	750	170	-65
MAD183	Fairbridge	233095.0	6807173.3	415.0	750	180	-65
MAD184	Investigators	230606	6806836	415	497.8	180	-75
MAD185	Investigators	230930	6806710	418	361.2	154	-72
MAD186	Cathedrals	233418	6807161	425	399.6	180	-70
MAD187	West End	230201	6806550	414	253	180	-65

Table 1 – Drill hole details for diamond holes to test new targets.

COVID-19:

St George is managing its operations in compliance with COVID-19 regulations issued by State and Commonwealth authorities. We will continue to proactively manage drilling and other field programmes to protect the health and safety of our team and service providers.

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 six granted exploration licences – E29/638, E29/548, E29/962, E29/954, E29/972 and E29/1041.

The Cathedrals, Stricklands, Investigators and Radar nickel-copper-cobalt-PGE discoveries are located on E29/638, which is held in joint venture by St George Mining Limited (75%) and Western Areas Limited (25%). 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.

Authorised for release by the Board of St George Mining Limited.

For further information, please contact:
John Prineas	Peter Klinger
Executive Chairman	Media and Investor Relations
St George Mining Limited	Cannings Purple
+61 411 421 253	+61 411 251 540
john.prineas@stgm.com.au	pklinger@canningspurple.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 Dave O'Neill, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr O'Neill is employed by St George Mining Limited to provide technical advice on mineral projects, and he holds performance rights issued by the Company.

Mr O'Neill 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 O'Neill consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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	Commentary
Samplingtechniqueslimiting the broad meaning of sampling.	Nature and quality ofsampling (eg cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to the	Drilling programmes are completed by Reverse Circulation (RC) andDiamond Core drilling. Surface MT/AMT surveys were completed byMoombarriga Geophysics.
	minerals under investigation, such as down holegamma sondes, or handheld XRF instruments,etc). These examples should not be taken as	Diamond Core Sampling: The sections of the core that are selectedfor assaying are marked up and then recorded on a sample sheet forcutting and sampling at the certified assay laboratory. Samples of HQor NQ2 core are cut just to the right of the orientation line whereavailable using a diamond core saw, with half core sampledlengthways for assay.
		RC Sampling: Allsamplesfrom the RC drilling are taken as 1m samplesfor laboratory assay.
		MT/AMT Surveying: The surveys were conducted using the PhoenixMTU system and Metronix ADU07e system. The sensors wererecorded at 500m intervals with 100m infill over the InvestigatorsProspect.
		Two survey lines were recorded, one N‐S and one E‐W line. The N‐Sline was centred on the Investigators Prospect and included the 100minfill AMT stations, while the E‐W line was completed approx. 500mto the north of the Cathedrals belt to image the stratigraphy downdip of the known nickel‐copper deposits.
		Appropriate QAQC samples (standards, blanks and duplicates) areinserted into the sequences as per industry best practice. Samples arecollected using cone or riffle splitter. Geological logging of RC chips iscompleted at site with representative chips being stored in drill chiptrays.
	Include reference to measures taken to ensuresamplerepresentivityandtheappropriatecalibrationofanymeasurementtoolsorsystems used.	RC Sampling: Samples are taken on a one metre basis and collectedusing uniquely numbered calico bags. The remaining material for thatmetre is collected and stored in a green plastic bag marked with thatspecific metre interval. The cyclone is cleaned with compressed airafter each plastic and calico sample bag is removed. If wet sample orclays are encountered then the cyclone is opened and cleanedmanually and with the aid of a compressed air gun. A blank sample isinserted at the beginning of each hole, and a duplicate sample istaken every 50th sample. A certified sample standard is also addedaccording to geology, but at no more than 1:50 samples.
		Geological logging of RC chipsis completed atsite with representativechips being stored in drill chip trays. Downhole surveys of dip andazimuth are conducted using a single shot camera every 30m, andusing a downhole Gyro when required, to detect deviations of thehole from the planned dip and azimuth. The drill‐hole collar locationsare recorded using a hand‐held GPS, which has an accuracy of +/‐ 5m.All drill‐hole collars will be surveyed to a greater degree of accuracyusing a certified surveyor at a later date.
		Diamond Core Sampling: For diamond core samples, certified sample25thstandardswereaddedaseverysample.Corerecoverycalculations are made through a reconciliation of the actual core andthe driller's records. Downhole surveys of dip and azimuth wereconducted using a single shot camera every 30m to detect deviationsof the hole from the planned dip and azimuth. The drill‐hole collarlocations are recorded using a hand‐held GPS, which has an accuracyof +/‐ 5m.

Criteria	JORC Code explanation	Commentary
	Aspects of the determination of mineralisationthat are Material to the Public Report.In cases where 'industry standard' work hasbeen done this would be relatively simple (eg'reverse circulation drilling was used to obtain 1m samples from which 3 kg was pulverised to	RC Sampling: A 1m composite sample is taken from the bulk sampleof RC chips that may weigh in excess of 40 kg. Each sample collectedfor assay typically weighs 2‐3kg, and once dried, is prepared for thelaboratory as per the Diamond samples below.Diamond Core Sampling: Diamond core (both HQ and NQ2) is half‐core sampled to geological boundaries no more than 1.5m and no less
	produce a 30 g charge for fire assay'). In othercases more explanation may be required, suchas where there is coarse gold that has inherentsampling problems. Unusual commodities or	than 10cm. Samples less than 3kg are crushed to 10mm, dried andthen pulverised to 75µm. Samples greater than 3kg are first crushedto 10mm then finely crushed to 3mm and input into the rotarysplitters to produce a consistent output weight for pulverisation.
	mineralisation types (eg submarine nodules)may warrant disclosure of detailed information.	Pulverisation produces a 40g charge for fire assay. Elementsdetermined from fire assay are gold (Au), platinum (Pt) and palladium(Pd)witha1ppbdetectionlimit.TodetermineotherPGEconcentrations (Rh, Ru, Os, Ir) a 25g charge for nickel sulphide collectfire assay is used with a 1ppb detection limit.
		Other elements will be analysed using an acid digest and an ICP finish.These elements are: Ag, Al, As, Bi, Ca, Cd, Co, Cr, Fe, K, Li, Mg, Mn,Mo, Nb, Ni, P, Pb, S, Sb, Sn, Te, Ti, V, W, Zn. The sample is digestedwith nitric, hydrochloric, hydrofluoric and perchloric acids to effect asnear to total solubility of the sample as possible. The sample is thenanalysed using ICP‐AES or ICP‐MS.
		LOI (Loss on Ignition) will be completed on selected samples todetermine the percentage of volatiles released during heating ofsamples to 1000°C.
Drillingtechniques	Drill type (eg core,reverse circulation, open‐holehammer, rotary air blast, auger, Bangka, sonic,etc) and details (eg core diametre, triple orstandard tube, depth of diamond tails, face‐sampling bit or other type, whether core isoriented and if so, by what method, etc).	Diamond Core Sampling: The collars of the diamond holes weredrilled using RC drilling down through the regolith to the point ofrefusal or to a level considered geologically significant to change tocore. The hole was then continued using HQ diamond core until thedrillers determined that a change to NQ2 coring was required.
		The core is oriented and marked by the drillers. The core is orientedusing ACT Mk II electric core orientation.
		RC Sampling: The RC drilling uses a 140 mm diametre face hammertool. High capacity air compressors on the drill rig are used to ensurea continuously sealed and high pressure system during drilling tomaximise the recovery of the drill cuttings, and to ensure chipsremain dry to the maximum extent possible.
Drill samplerecovery	Method of recording and assessing core andchip sample recoveries and results assessed.	Diamond Core Sampling: Diamond core recoveries are recordedduring drilling and reconciled during the core processing andgeological logging. The core length recovered is measured for eachrun and recorded which is used to calculate core recovery as apercentage.
		RC Sampling: RC samples are visually checked for recovery, moistureand contamination. Geological logging is completed at site withrepresentative RC chips stored in chip trays.
	Measures taken to maximise sample recoveryand ensure representative nature of thesamples.	RC Sampling: Samples are collected using cone or riffle splitter.Geological logging of RC chipsis completed atsite with representativechips being stored in drill chip trays.
		Diamond Core Sampling: Measures taken to maximise core recoveryinclude using appropriate core diameter and shorter barrel lengththrough the weathered zone, which at Cathedrals and Investigators ismostly <20m and Stricklands <40m depth. Primary locations for coreloss in fresh rock are on geological contacts and structural zones, anddrill techniques are adjusted accordingly, and if possible these zonesare predicted from the geological modelling.

Criteria	JORC Code explanation	Commentary
	Whether a relationship exists between samplerecovery and grade and whether sample biasmay have occurred due to preferential loss/gainof fine/coarse material.	To date, no sample recovery issues have yet been identified thatwould impact on potential sample bias in the competent fresh rocksthat host the mineralised sulphide intervals.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a levelofdetailtosupportappropriateMineralResourceestimation,miningstudiesandmetallurgical studies.	Geological logging is carried out on all drill holes with lithology,alteration, mineralisation, structure and veining recorded.
	Whether logging is qualitative or quantitative innature.Core(orcostean,channel,etc)photography.	Loggingofdiamondcoreand RCsamplesrecordslithology,mineralogy, mineralisation,structures(core only), weathering, colourand other noticeable features. Core was photographed in both dryand wet form.
	The total length and percentage of the relevantintersections logged.	All drill holes are geologically logged in full and detailed litho‐geochemical information is collected by the field XRF unit. The datarelating to the elements analysed is used to determine furtherinformation regarding the detailed rock composition.
Sub‐samplingtechniques andsamplepreparation	If core, whether cut or sawn and whetherquarter, half or all core taken.	Diamond Core Sampling: Diamond core was drilled with HQ and NQ2size and sampled as complete half core to produce a bulk sample foranalysis. Intervals selected varied from 0.3 – 1m (maximum) The HQand NQ2 core is cut in half length ways just to the right of theorientation line where available using a diamond core saw. Allsamples are collected from the same side of the core wherepracticable.
		Assay preparation procedures ensure the entire sample is pulverisedto 75 microns before the sub‐sample is taken. This removes thepotential for the significant sub‐sampling bias that can be introducedat this stage.
	If non‐core, whether riffled, tube sampled,rotary split, etc and whether sampled wet ordry.	RC samples are collected in dry form. Samples are collected usingcone or riffle splitter when available. Geological logging of RC chips iscompleted at site with representative chips being stored in drill chiptrays.
	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	RC Sampling: Sample preparation for RC chips follows a standardprotocol.
		The entire sample is pulverised to 75µm using LM5 pulverising mills.Samples are dried, crushed and pulverized to produce a homogenousrepresentative sub‐sample for analysis. A grind quality target of 90%passing 75µm is used.
	Quality control procedures adopted for all sub‐sampling stages to maximise representivity ofsamples.	Quality control procedures include submission of Certified ReferenceMaterials (standards), duplicates and blanks with each sample batch.QAQC results are routinely reviewed to identify and resolve anyissues.
		RC Sampling: Field QC procedures maximise representivity of RCsamples and involve the use of certified reference material as assaystandards, along with blanks, duplicates and barren washes.
		Diamond Core Sampling: Drill core is cut in half lengthways and thetotal half‐core submitted as the sample. This meets industrystandards where 50% of the total sample taken from the diamondcore is submitted.

Criteria	JORC Code explanation	Commentary
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second‐half sampling.	Duplicate samples are selected during sampling. Samples comprisetwo quarter core samples for Diamond Core. Duplicate RC samplesare captured using two separate sampling apertures on the splitter.
	Whether sample sizes are appropriate to thegrain size of the material being sampled.	The sample sizes are considered to be appropriate to correctlyrepresent base metal sulphide mineralisation and associated geologybased on: the style of mineralisation (massive and disseminatedsulphides), the thickness and consistency of the intersections and thesampling methodology.
Quality ofassay data andlaboratorytests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.	For RC sampling, a 30 gram sample will be fire assayed for gold,platinum and palladium. The detection range for gold is 1 – 2000ppbAu, and 0.5 – 2000 ppb for platinum and palladium. This isbelieved to be an appropriate detection level for the levels of theseelements within this specific mineral environment. However, shouldAu, Pt or Pd levels reported exceed these levels; an alternative assaymethod 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 andperchloric acids to effect as near to total solubility of the sample aspossible. The solution containing samples of interest, including thosethat need further review, will then be presented to an ICP‐OES for thefurther quantification of the selected elements.
		Diamond core samples are analysed for Au, Pt and Pd using a 40g leadcollection fire assay; for Rh, Ru, Os, Ir using a 25g nickel sulphidecollection fire assay; and for Ag, Al, As, Bi, Ca, Cd, Co, Cr, Fe, K, Li, Mg,Mn, Mo, Nb, Ni, P, Pb, S, Sb, Sn, Te, Ti, V, W, Zn using a four acid digestand ICP‐AES or MS finish. The assay method and detection limits areappropriate for analysis of the elements required.
	For geophysical tools, spectrometres, handheldXRF instruments, etc, the parametres used indetermining the analysis including instrument	MT/AMT: The surveys were conducted using the Phoenix MTUsystem and Metronix ADU07e system. The sensors were recorded at500m intervals with 100m infill over the Investigators Prospect.
	make and model, reading times, calibrationsfactors applied and their derivation, etc.	XRF: A handheld XRF instrument (Olympus Innov‐X SpectrumAnalyser) is used to systematically analyse the drill core and RCsample piles onsite. One reading is taken per metre, however for anycore samples with matrix or massive sulphide mineralisation thenmultiple samples are taken at set intervalsper metre.Theinstruments are serviced and calibrated at least once a year. Fieldcalibration of the XRF instrument using standards is periodicallyperformed (usually daily).
		The handheld XRF results are only used for preliminary assessmentand reporting of element compositions, prior to the receipt of assayresults from the certified laboratory.
	Nature of quality control procedures adopted(egstandards,blanks,duplicates,externallaboratory checks) and whether acceptablelevels of accuracy (ie lack of bias) and precision	Laboratory QAQC involves the use of internal lab standards usingcertified reference material (CRMs), blanks and pulp duplicates aspart of in‐house procedures. The Company also submits a suite ofCRMs, blanks and selects appropriate samples for duplicates.
	have been established.	Sample preparation checks for fineness are performed by thelaboratory to ensure the grind size of 90% passing 75µm is beingattained.
Verification ofsampling andassaying	The verification of significant intersections byeither independent or alternative companypersonnel.	Significant intersections are verified by the Company's technicalstaff.
	The use of twinned holes.	No twinned holes have been planned for the current drillprogramme.

Criteria	JORC Code explanation	Commentary
	Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.	Primary data is captured onto a laptop using acQuire software andincludes geological logging,sample data and QA/QC information. Thisdata, together with the assay data, is entered into the St GeorgeMiningcentralSQLdatabasewhichismanagedbyexternalconsultants.
	Discuss any adjustment to assay data.	No adjustments or calibrations will be made to any primary assay datacollected for the purpose of reporting assay grades and mineralisedintervals. For the geological analysis, standards and recognisedfactors may be used to calculate the oxide form assayed elements, orto calculate volatile free mineral levels in rocks.
Location ofdata points	Accuracy and quality of surveys used to locatedrillholes(collaranddown‐holesurveys),trenches, mine workings and other locations	Drill holes and MT/AMT stations have been located and pegged usinga DGPS system with an expected accuracy of +/‐5m for easting,northing and elevation.
	used in Mineral Resource estimation.	Downhole surveys are conducted using a single shot cameraapproximately every 30m or downhole Gyro during drilling to recordand monitor deviations of the hole from the planned dip and azimuth.Post‐drilling downhole gyroscopic surveys will be conducted, whichprovide more accurate survey results.
	Specification of the grid system used.	The grid system used is GDA94, MGA Zone 51.
	Quality and adequacy of topographic control.	Elevation data has been acquired using DGPS surveying at individualcollar locations and entered into the central database. Atopographic surface has been created using this elevation data.
Data spacinganddistribution	Data spacing for reporting of ExplorationResults.	The spacing and distribution of holes is not relevant to the drillingprograms which are at the exploration stage rather than definitiondrilling.
	Whether the data spacing and distribution issufficient to establish the degree of geologicalandgradecontinuityappropriatefortheMineral Resource and Ore Reserve estimationprocedure(s) and classifications applied.	The completed drilling at the Project is not sufficient to establish thedegree of geological and grade continuity to support the definition ofMineral Resource and Reserves and the classifications applied underthe 2012 JORC code.
	Whether sample compositing has been applied.	No compositing has been applied to the exploration results.
Orientation ofdata in relationto geologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures andthe extent to which this is known, consideringthe deposit type.	The drill holes are drilled to intersect the modelled mineralised zonesat a near perpendicular orientation (unless otherwise stated).However, the orientation of key structures may be locally variableand any relationship to mineralisation has yet to be identified.
	If the relationship between the drillingorientation and the orientation of keymineralised structures is considered to haveintroduced a sampling bias, this should beassessed and reported if material.	No orientation based sampling bias has been identified in the datato date.
Samplesecurity	The measures taken to ensure sample security.	Chain of Custody is managed by the Company until samples pass to aduly certified assay laboratory for subsampling and assaying. The RCsample bags are stored on secure sites and delivered to the assaylaboratory by the Company or a competent agent. When in transit,they are kept in locked premises. Transport logs have been set up totrack the progress of samples.
Audits orreviews	The results of any audits or reviews of samplingtechniques and data.	Sampling techniques and procedures are regularly reviewedinternally, as is data. To date, no external audits have beencompleted on the drilling programme.

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

Criteria	JORC Code explanation	Commentary
MineralTenement andLand Status	Type, name/reference number, location andownership including agreements or materialissues with third partiesincluding joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.	The Mt Alexander Project is comprised of five granted ExplorationLicences(E29/638, E29/548,E29/954, E29/962andE29/972).Tenement E29/638 is held in Joint Venture between St George (75%interest) and Western Areas(25% interest). E29/638 and E29/548 arealso subject to a royalty in favour of a third party that is outlined inthe ASX Release dated 17 December 2015 (as regards E29/638) andthe ASX release dated 18 September 2015 (as regards E29/548).
	The security of the tenure held at the time ofreporting along with any known impedimentstoobtaining a licence to operate in the area.	No environmentally sensitive sites have been identified on thetenements. A registered Heritage site known as Willsmore 1 (DAAidentification 3087) straddles tenements E29/548 and E29/638. Allfive tenements are in good standing with no known impediments.
ExplorationDone by OtherParties	Acknowledgment and appraisal of explorationby other parties.	Exploration on tenements E29/638 and E29/962 has been largely forkomatiite‐hosted nickel sulphides in the Mt Alexander GreenstoneBelt. Exploration in the northern section of E29/638 (Cathedrals Belt)andalsolimitedexplorationonE29/548hasbeenformafic/ultramafic intrusion related Ni‐Cu‐PGE sulphides. No historicexploration has been identified on E29/954 or E29/972.
		High grade nickel‐copper‐PGE sulphides were discovered at the MtAlexander Project in 2008. Drilling was completed to test co‐incidentelectromagnetic (EM) and magnetic anomalies associated withnickel‐PGE enriched gossans in the northern section of currenttenement E29/638. The drilling identified high grade nickel‐coppermineralisation in granite‐hosted ultramafic units and the discoverywas named the Cathedrals Prospect.
Geology	Deposit type, geological setting and style ofmineralisation	The Mt Alexander Project is at the northern end of a westernbifurcation of the Mt Ida Greenstones. The greenstones are bound tothe west by the Ida Fault, a significant Craton‐scale structure thatmarks the boundary between the Kalgoorlie Terrane (and EasternGoldfields Superterrane) to the east and the Youanmi Terrane to thewest.
		The Mt Alexander Project is prospective for further high‐gradekomatiite‐hosted nickel‐copper‐PGE mineralisation (both greenstoneand granite hosted) and also precious metal mineralisation (i.e.orogenic gold) that is typified elsewhere in the Yilgarn Craton.
Drill holeinformation	A summary of all information material to theunderstandingoftheexplorationresultsincludingtabulationofthefollowinginformation for all Material drill holes:• Easting and northing of the drill hole collar•Elevation or RL (Reduced Level – elevationabove sea level in metres) of the drill hole collar• Dip and azimuth of the hole• Down hole length and interception depth• Hole length	Drill hole collar locations are shown in the maps and tables includedin the body of the relevant ASX releases.
DataInreportingExplorationResults,weightingaggregationaveragingtechniques,maximumand/ormethodsminimum grade truncations (e.g. cutting of highgrades) and cut‐off grades are usually Materialand should be stated.	Reported assay intersections are length and density weighted.Significant intersections are determined using both qualitative (i.e.geological logging) and quantitative (i.e. lower cut‐off) methods.For massive sulphide intersections, the nominal lower cut‐off is 2%for either nickel or copper. For disseminated, blebby and matrix
		sulphide intersections the nominal lower cut‐off for nickel is 0.3%.

Criteria	JORC Code explanation	Commentary
	Where aggregated intercepts incorporate shortlengths of high grade results and longer lengthsof low grade results, the procedure used forsuchaggregation should be stated and some typicalexamples ofsuch aggregationsshould be shownin detail.	Any high‐grade sulphide intervals internal to broader zones ofsulphide mineralisation are reported as included intervals.
		Any disseminated, matrix, brecciated or stringer sulphides with(usually) >1% nickel or copper on contact with massive sulphidemineralisation are grouped with the massive sulphides forcalculating significant intersections and the massive sulphidemineralisation is reported as an including intersection.
	The assumptions used for any reporting ofmetal equivalent values should be clearlystated.	No metal equivalent values are used for reporting explorationresults.
Relationshipbetweenmineralisationwidths andinterceptlengths	These relationships are particularly important inthe reporting of exploration results. If thegeometry of the mineralisation with respect tothe drill hole angle is known, its nature shouldbe reported. If it is not known and only the downhole lengths are reported, there should be aclear statement to this effect.	Assay intersections are reported as down hole lengths. Drill holes areplanned as perpendicular as possible to intersect the target EM platesand geological targets so downhole lengths are usually interpreted tobe near true width.
iagrams	Appropriate maps and sections(with scales) andtabulations of intercepts should be included forany significant discovery being reported. Theseshould include, but not be limited to a planeviewofdrillholecollarlocationsandappropriate sectional views.	A prospect location map, cross section and long section are shownin the body of relevant ASX Releases.
Balanced	Wherecomprehensivereportingofall	Reports on recent exploration can be found in ASX Releases that are
Reporting	ExplorationResultsisnotpractical,representative reporting of both low and highgrades and/or widths should be practiced toavoidmisleadingreportingofExplorationResults.	available on our website at www.stgm.com.au:Theexplorationresultsreportedarerepresentativeofthemineralisation style with grades and/or widths reported in aconsistent manner.
Othersubstantiveexplorationdata	Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observation; geophysicalsurvey results; geochemical survey results; bulksamples – size and method of treatment;metallurgicaltestresults;bulkdensity,groundwater,geotechnicalandrockcharacteristics;potentialdeleteriousorcontaminating substances.	All material or meaningful data collected has been reported.
Further Work	The nature and scale of planned further work(e.g. tests for lateral extensions or depthextensionsorlarge–scalestep–outdrilling).Diagrams clearly highlighting the areasofpossibleextensions,includingthemaingeological interpretations and future drillingareas,providedthisinformationisnotcommercially sensitive.	A discussion of further exploration work underway is contained in thebody of recent ASX Releases.
		Further exploration will be planned based on ongoing drill results,geophysical surveys and geological assessment of prospectivity.