ST GEORGE MINING LIMITED — Capital/Financing Update 2020

Aug 26, 2020

27 August 2020

THICK MINERALISED MAFIC-ULTRAMAFIC UNIT INTERSECTED AT DEPTH BELOW INVESTIGATORS

48.7m thick mafic-ultramafic unit from 503m downhole has been intersected by MAD181 at Investigators:

• The interval includes a 10m thick ultramafic with disseminated and blebby nickel-copper sulphides (<5% sulphides with pentlandite (pn), chalcopyrite (cp) and pyrrhotite (py)) from 541m downhole
• The 48.7m thick fertile mafic-ultramafic unit intersected by MAD181 is preserved and has not been structurally modified, supporting the potential for the presence of nickelcopper sulphide deposits that are intact and unaltered
• MAD181 also intersected a second mineralised ultramafic from 282.6m to 288.6m with nickel-copper sulphides (<2% sulphides with pn, cy and po**)**

The first deep drill hole at Fairbridge has also intersected a mineralised ultramafic at depth:

• MAD183 at Fairbridge has intersected an 11.6m thick mafic-ultramafic unit with disseminated nickel-copper sulphides (<5% sulphides with pn, cy and po**) from 359.3m downhole**
• The mineralised ultramafic intersected in MAD181 and MAD183 is on the same east-west horizon and located down-dip of the significant massive nickel-copper sulphide mineralisation already discovered at shallow depths along the Cathedrals Belt

Diamond drilling continues 24/7:

• Two diamond rigs drilling 24/7 at Mt Alexander
• MAD181 is currently at 770m downhole with drilling continuing
• MAD183 was completed to 693.5m downhole, with the drill rig now commencing on MAD184 at Investigators to test a surface moving loop electromagnetic (MLEM) anomaly to the west of known high-grade nickel-copper sulphides

New DHEM surveys underway:

• The DHEM survey crew arrived at site yesterday and will survey MAD180, MAD181, MAD182 and MAD183 with data acquisition expected to take two days per drill hole
• Geophysical modelling and interpretation to follow, with further drill holes to be planned once results of the DHEM surveys are reviewed

Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) ("St George" or "the Company") is pleased to announce that drilling has intersected thick mafic-ultramafic units with nickel-copper sulphide mineralisation at its flagship Mt Alexander Project, located in the north-eastern Goldfields.

NICKEL-COPPER SULPHIDES DISCOVERED AT DEPTH

Two drill holes – MAD181 at Investigators and MAD183 at Fairbridge – have delivered significant exploration success with both drill holes intersecting mineralised mafic-ultramafic units at depth.

All high-grade nickel-copper sulphides discovered along the Cathedrals Belt to date are hosted in maficultramafic intrusives. The identification of further thick intrusives at depth increases confidence that additional significant nickel-copper sulphide mineralisation is present within the extensive Cathedrals Belt intrusive mineral system.

The results in MAD181 and MAD183 further validate our geological model that interprets the mineralised Cathedrals Belt commencing near surface and dipping to the north-northwest at an angle of approximately 40 degrees. Both drill holes intersected the same mafic-ultramafic intrusive unit along the target horizon.

The continuity of nickel-copper sulphide mineralisation along this structural zone is now established for more than 600m in the down-dip direction. This supports the potential for further high-grade nickel-copper sulphide mineralisation along the structure – both up-dip and down-dip from the mineralisation intersected in MAD181 and MAD183, and also along strike to the east and west.

Figure 1 illustrates the large target horizon for nickel-copper sulphides as well as the location of the latest discoveries in MAD181 and MAD183. The target horizon is interpreted to continue in an east-west orientation with a prospective strike of more than 4km from Investigators in the west to Radar in the east.

Figure 1 – Schematic orthographic view of the Cathedrals Belt showing the large interpreted target horizon, the new discoveries in MAD181 and MAD183 as well as existing drilling and known massive nickel-copper sulphides.

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

"The first two deep drill holes in the current campaign – MAD180 at Investigators and MAD182 at Cathedrals – successfully intersected intrusive-style rocks and confirmed the presence of prospective geology at depth.

"The next two holes – MAD181 at Investigators and MAD183 at Fairbridge – have provided another huge leap forward with thick intersections of mineralised mafic-ultramafic units.

"A very important aspect of this discovery is the preserved nature of the 48m thick unit intersected at Investigators. This significantly increases the potential likelihood for the presence of larger accumulations of nickel-copper mineralisation nearby.

"We are continuing our aggressive exploration programme, with downhole EM surveys underway and two diamond rigs drilling 24/7 to test more exciting nickel-copper sulphide targets."

MAD181:

MAD181 is currently drilled to 770m downhole. Drilling is continuing to a planned depth of 800m.

Geological logging of the drill hole is set out below.

MAD181	Geological log of rock types
0 to 40.5m	Cover and granite saprolite
40.5m to214m	Granites including with cross-cutting pegmatites.
214m to282.6m	Grano-diorite, minor cross-cutting pegmatites.
282.6 to288.6m	Ultramafic with trace disseminated sulphides. <2%sulphides comprisingpentlandite (pn), chalcopyrite (cp) and pyrrhotite (po).
288.6m to401m	Grano-diorite, minor cross-cutting pegmatites.
410m to503.1m	Granitesincludingwithcross-cuttingpegmatites.Potassicalterationthroughout. Increasing structural complexity toward base.
503.1m to541.9m	with large granitic xenoliths. <40mm granite xenoliths withinMafic intrusiveupper mafic unit.Gradational contact with below ultramafic.
541.9m to551.8m	Ultramafic intrusive with disseminated sulphides. <5%sulphides comprisingpentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)increasing in abundancetowardsbasal contact.
551.8m to588.1m	Granites including with cross-cutting pegmatites.
588.1m to590.2m	Mafic dolerite. Brecciatedwith associated strong silica-chlorite alteration +/-sulphides pyrite (py) and chalcopyrite (cp).
590.2m to728.5m	Grano-diorite, cross-cutting pegmatites.
728.5m to770m	Granites including with cross-cutting pegmatites.

So far, MAD181 has intersected two significant intervals of ultramafic with nickel-copper sulphide mineralisation – between 282.6m to 288.6m and from 541.9m to 551.8m. The latter interval is within a 48.7m thick intrusive from 503.1m downhole.

Minor chalcopyrite and pyrite sulphides were also intersected between 588.1m to 590.2m downhole within an intrusive mafic dolerite – providing further evidence of the large intrusive system at the Cathedrals Belt.

The 48.7m thick mafic-ultramafic unit intersected from 503.1m downhole is preserved with no sign of structural modification; see photograph in Figure 2.

The discovery of this unit has important implications for the prospectivity of the target area around the hole.

Firstly, the thickness of the unit supports the potential for large volumes of intrusive rocks at depth along the Cathedrals Belt.

Secondly, the preserved nature of the unit supports the potential for any nickel-copper sulphides within the unit to remain unaltered and intact.

Figure 2 - Photo of drill core from MAD181. The core tray contains the interval between 539m to 551m. The core highlighted on the right is from 547.5m downhole and shows disseminated and blebby nickel-copper sulphides. (codes: UX$ = ultramafic with sulphides; UXT$ = ultramafic with textured sulphides; UX = ultramafic; MdP = mafic intrusive)

Figure 3 is a schematic section of MAD181 and shows the significant down-dip continuity from the shallow high-grade mineralisation at Investigators. This Figure highlights the more than 500m of prospective and untested area that is up-dip of MAD181.

Figure 3 – Schematic section along 231600E (+/- 100m) showing existing drilling and interpreted geology.

MAD183:

MAD183 was completed to a downhole depth of 693.5m at Fairbridge. Geological logging is set out below.

MAD183	Geological log of rock types
0 to 12m	Cover and granite saprolite
12m to201.7m	Granites including cross-cutting pegmatites
201.7m to208.6m	Granitic xenoliths above mafic with carbonateDifferentiated mafic intrusive.veining throughout. No sulphidesobserved.
208.6m to340.6m	Granites with mafic band at 259m to 259.4m.
340.6m to353.7m	Predominantly pegmatites cross-cutting granite. Likely indicating structural preexisting structural corridor.
353.7m to359.3m	Mafic intrusive with large granitic xenoliths. <40mm granite xenoliths withinupper mafic unit. Gradational contact with below ultramafic.
359.3m to365.3m	Ultramafic intrusive with disseminated sulphides. <5%sulphides comprisingpentlandite (pn), chalcopyrite (cp) and pyrrhotite (po)increasing in abundancetowards basal contact.
365.3m to392m	Granites includingminor cross-cutting pegmatites
392m to589m	Grano-diorite, minor cross-cutting pegmatites.
589m to693.5m	Granites includingminor cross-cutting pegmatites

Ultramafic with nickel-copper sulphides was intersected between 359.3m to 365.3m. This mineralised ultramafic is part of a broader mafic-ultramafic unit and has been intersected by MAD183 in the same eastwest horizon as the mineralised ultramafic intersected by MAD181 (541.9 to 551.8m). The distance between these holes is approximately 1,400m, indicating a very significant strike of the mineralised intrusive rocks across the Cathedrals Belt.

Numerous nickel-copper sulphide gossans have been observed at Fairbridge. The intersection of a mineralised ultramafic in MAD183 supports the potential for the gossans to constitute the surface expression of a nickel sulphide deposit below surface.

Similar gossans drilled at the Stricklands and Cathedrals Prospects have been confirmed as associated with proximal massive nickel-copper sulphide sources.

DHEM SURVEYS FOR DEEP DRILL HOLES

DHEM surveys for the latest deep drill holes commenced today. The first hole to be surveyed is MAD183, with MAD181, MAD180 and MAD182 to follow.

The full depth extent of each hole will be surveyed. Data will be generally be acquired at 10m intervals with 5m intervals for priority areas where mineralisation and intrusive rocks have been intersected. Further infill surveying may be completed subject to initial results.

The survey for each hole is expected to take two days.

DRILL PROGRAMME

MAD184 is currently being drilled to test a SQUID MLEM anomaly that was generated during the last surface EM programme. The drill hole has been designed to a depth of 450m.

While the MLEM anomaly is only visible in the Y and Z data, it is ranked highly as it is located along strike from known nickel-copper sulphides, and similar to the anomaly tested by MAD179.

MAD185 will follow MAD181 and has been planned at Investigators to test the strong off-hole conductor identified from the DHEM survey in MAD179. The conductivity/thickness of the conductor is modelled as 21,500 Siemens and is consistent with massive sulphides.

MAD185 is planned to a depth of 450m, with the target modelled to be intersected at 400m downhole.

Table 1 below contains drill hole details for the holes in the current campaign to test new targets, including the holes currently being drilled.

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	450	180	-75
MAD185	Investigators	230930	6806711	418	350	157	-72

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

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

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
Executive Chairman
St George Mining Limited
+61 411 421 253
john.prineas@stgm.com.au

Peter Klinger Media and Investor Relations Cannings Purple +61 411 251 540 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
Samplingtechniques	Nature and quality ofsampling (eg cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments,etc). These examples should not be taken aslimiting the broad meaning of sampling.	Drilling programmes are completed by Reverse Circulation (RC) andDiamond Core drilling. Surface MT/AMT surveys were completed byMoombarriga Geophysics.
		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 toproduce 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 ormineralisation types (eg submarine nodules)may warrant disclosure of detailed information.	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 lessthan 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.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 is	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.
	oriented and if so, by what method, etc).	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)

MineralType, name/reference number, location andTenement andownership including agreements or materialLicences(E29/638, E29/548,E29/954, E29/962andLand Statusissues with third partiesincluding joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.the 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.five tenements are in good standing with no known impediments.ExplorationAcknowledgment and appraisal of explorationDone by Otherby other parties.PartiesandalsolimitedexplorationonE29/548hasbeenexploration has been identified on E29/954 or E29/972.was named the Cathedrals Prospect.GeologyDeposit type, geological setting and style ofmineralisationwest.orogenic gold) that is typified elsewhere in the Yilgarn Craton.Drill holeA summary of all information material to theinformationunderstandingoftheexplorationresultsin the body of the relevant ASX releases.includingtabulationofthefollowinginformation for all Material drill holes:• Easting and northing of the drill hole collar	Criteria	JORC Code explanation	Commentary
			The Mt Alexander Project is comprised of five granted ExplorationE29/972).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) and
			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. All
			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)formafic/ultramafic intrusion related Ni‐Cu‐PGE sulphides. No historic
			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 discovery
			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 the
			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.
above sea level in metres) of the drill hole collar• Dip and azimuth of the hole• Down hole length and interception depth• Hole length		•Elevation or RL (Reduced Level – elevation	Drill hole collar locations are shown in the maps and tables included
DataInreportingExplorationResults,weightingaggregationaveragingtechniques,maximumand/ormethodsminimum grade truncations (e.g. cutting of highgeological logging) and quantitative (i.e. lower cut‐off) methods.grades) and cut‐off grades are usually MaterialFor massive sulphide intersections, the nominal lower cut‐off is 2%and should be stated.for either nickel or copper. For disseminated, blebby and matrixsulphide intersections the nominal lower cut‐off for nickel is 0.3%.			Reported assay intersections are length and density weighted.Significant intersections are determined using both qualitative (i.e.

Criteria	JORC Code explanation	Commentary
	Where aggregated intercepts incorporate shortlengths of high grade results and longer lengths	Any high‐grade sulphide intervals internal to broader zones ofsulphide mineralisation are reported as included intervals.
	of low grade results, the procedure used forsuchaggregation should be stated and some typicalexamples ofsuch aggregationsshould be shownin detail.	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 depth	A discussion of further exploration work underway is contained in thebody of recent ASX Releases.
	extensionsorlarge–scalestep–outdrilling).Diagrams clearly highlighting the areasofpossibleextensions,includingthemaingeological interpretations and future drillingareas,providedthisinformationisnotcommercially sensitive.	Further exploration will be planned based on ongoing drill results,geophysical surveys and geological assessment of prospectivity.