ST GEORGE MINING LIMITED — Capital/Financing Update 2020

Mar 10, 2020

11 March 2020

ST GEORGE FINALISES DRILL TARGETS FOR MAJOR NICKEL-COPPER SULPHIDE DRILL PROGRAMME AT MT ALEXANDER

Phase 1 of the 2020 drill programme is set to begin:

• +12,000m drill programme scheduled to commence this month
• Multi-rig programme with diamond and reverse circulation (RC) drilling to test multiple electromagnetic (EM) and geological targets for nickel-copper sulphides

Potential for new high-grade nickel-copper sulphide discovery:

Drilling at the West End and Fish Hook Prospects has potential to deliver a greenfields discovery, with both areas featuring compelling new EM targets that have never been drilled

Continued extensional drilling of existing high-grade discoveries:

• Drilling will resume at the Investigators Prospect to further test the continuation of the high-grade mineralisation already discovered over a strike of 1.5km
• Drill targets at Investigators will include new downhole EM (DHEM) anomalies identified from recent deeper drill holes and more than 30 EM anomalies identified in 2019

Resource definition drilling accelerates:

Resource drill-out of the shallow high-grade mineralisation at the Stricklands Prospect

Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) ("St George" or "the Company") is pleased to announce drill targets for the first phase of the 2020 drill programme at its flagship Mt Alexander nickel-copper sulphide project, located in the north-eastern Goldfields.

The 2020 drill programme will commence with two rigs at site – a reverse circulation (RC) rig and a diamond rig. Our field crew has already mobilised to site and is completing site preparations for the planned drilling which is scheduled to commence on or about 20 March 2020.

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

"This drill programme is designed to deliver several important milestones for the Mt Alexander Project.

"The first ever drilling of priority targets at West End and Fish Hook has the potential to deliver a new discovery. We already have four shallow, high-grade discoveries at the Cathedrals Belt – Investigators, Stricklands, Cathedrals and Radar – and we are excited at the opportunity to potentially add to our tally.

"The resource definition drilling of the shallow high-grade deposit at Stricklands is also highly anticipated as we continue to work towards a potential mining operation at Mt Alexander. Our target is to deliver a low capex, high profit margin mining proposal for Stricklands.

ST GEORGE MINING LIMITED ACN 139 308 973

Suite 2, 28 Ord Street West Perth WA 6005 | www.stgeorgemining.com.au Phone +618 9322 6600 | Facsimile +618 9322 6610 1

"Extensional drilling will also resume at Investigators where we will drill the deepest holes ever for the Belt. Together with the pending results of the magnetotelluric (MT) survey, which will map the mineralised structures and stratigraphy at depth, our search for potential deeper deposits will escalate in 2020."

TARGETS WITH POTENTIAL FOR FURTHER DISCOVERIES

The 2020 drill programme will test targets with potential for new discoveries along the 16km long structural corridor known as the Cathedrals Belt. Significant discoveries of high-grade nickel-copper sulphides have already been made on a 4.5km section of this east-west oriented belt – at the Investigators, Stricklands and Cathedrals Prospects.

In 2019, exploration along the remainder of the Belt which lies under cover was escalated. Drilling success at the Radar Prospect – situated 1.2km east of known mineralisation – delivered another shallow, highgrade discovery and extended the strike of confirmed mineralisation along the Belt to 5.5km.

In 2020, new targets at the West End and Fish Hook Prospects – which also lie under cover and encompass respectively the western and eastern extensions of the Cathedrals Belt – will be tested. These targets offer excellent opportunities to discover additional nickel-copper sulphide mineralisation.

West End Prospect:

Five diamond drill holes (with RC pre-collars) are initially planned to test new EM targets at West End. The average depth of the holes is planned at 420m.

These EM targets were identified by the recently completed SQUID MLEM survey and are co-incident with the ultramafic trend at West End, a geologically favourable location for nickel-copper sulphide mineralisation; see Figure 1.

Figure 1 – SAM (MMC) image from the 2019 SAM survey and drilling overlaying magnetics (TMI RTP 1VD). New EM anomalies are situated within unexplored extensions of ultramafic.

Figure 2 highlights the location of these broad EM anomalies to the north-northwest of the high-grade discoveries at Investigators as well as the location of the planned holes. Additional holes will be scheduled based on drill results and DHEM survey data.

The background data in Figure 2 is the SQUID MLEM survey data for West End in a single component (Channel Z). This data is indicative of EM anomalism but renders modelling of discrete plates for the new EM anomalies challenging, potentially due to a deeper source of the anomalism and complex geometry.

The coincidence of the new West End EM targets with the projected plunge direction of the Investigators high-grade mineralisation gives support to the potential that the West End targets could represent the down-plunge continuation of the Investigators nickel-copper sulphide deposits.

Figure 2 – SQUID MLEM (CH28Z) image and drilling overlaying magnetics (TMI RTP 1VD).

Fish Hook Prospect:

Six RC drill holes are initially planned for Fish Hook, with an average depth of 150m.

Figure 3 shows the location of the new SQUID MLEM EM anomalies identified at Fish Hook. The new EM anomalies are also proximal to the large and high-order nickel and copper soil anomaly identified at Fish Hook. The soil anomaly strongly supports the presence of nickel-copper sulphides at Fish Hook.

The linear magnetic trends at Fish Hook are similar to those that, in other parts of the Cathedrals Belt, have been confirmed by drilling to be intrusive mafic/ultramafic units. Several of the EM anomalies to be tested at Fish Hook are coincident with these magnetic anomalies.

Figure 3 – map of the Fish Hook Prospect showing SQUID MLEM (CH28Z) as well as the location of the large nickel soil anomaly, overlaying magnetic (RTP 1VD). The warmer colours (red, purple, yellow) reflect areas of high EM anomalism.

EXTENSIONAL DRILLING AT INVESTIGATORS CONTINUES WITH DEEP DRILLING

Multiple off-hole EM anomalies were identified by the DHEM surveys in the deeper holes completed at Investigators in late 2019. Significantly, a number of the plates are coincident with the recently defined SQUID MLEM anomalies; see Figure 4.

These EM anomalies are interpreted as likely to represent additional sulphide mineralisation at Investigators, potentially adding significant volumes to the known mineralisation at Investigators.

Many of these EM anomalies are situated between 50m to 100m from known occurrences of nickel-copper sulphides and represent large step-out targets.

Table 1 below lists the new DHEM anomalies, which will be prioritised for drilling in 2020.

More than 30 EM anomalies identified in 2019 and yet to be tested, will also be prioritised for drilling in 2020. For further details of the 2019 EM anomalies, see our ASX Release dated 9 July 2019 '42 EM Conductors Ready to Drill at Mt Alexander'.

Figure 4 – map of Investigators showing untested DHEM plates and drilling overlaying SAMSOM FLEM imagery (CH18).

Plate_Name	Easting	Northing	Depth belowsurface (m)	Length(m)	Width(m)	Conductivity(Siemens)
MAD169_p1	231324	6806557	220	15	15	2,000
MAD169_p2	231305.4	6806485	272.5	15	13	1,000
MAD170_Earlytimes_p1	230952.4	6806551	275.5	82	44	95
MAD170_Earlytimes_p2	231006.1	6806492	287.5	45	100	75
MAD172_p1	230900.2	6806509	236.5	10	11.5	34,600
MAD172_p2	230926	6806511	230.3	10	10	28,500
MAD173_p1	231140.8	6806540	256.7	16	12.5	8,100
MAD174_p1	231517.2	6806595	215.4526	18.7	6.7	8,432
MAD174_p3	231526	6806545	187.6	12	14	3,000
MAD174_p2	231519.6	6806583	204.6	12.8	6.2	1,250

Table 1 – new EM anomalies at Investigators identified by DHEM surveys

STRICKLANDS RESOURCE DEFINITION – ADVANCING TO A MINE

The resource definition programme at Stricklands will be completed with RC and diamond drilling. Approximately 27 holes are planned which, together with existing drill holes, will provide data and material for an initial high-confidence resource estimation.

Additional RC holes may be planned for Stricklands to test extensions to the mineralised envelope and will be assessed from initial drill results.

2020 DRILLING PROGRAMME

An RC rig is scheduled to arrive at site on or about 20 March 2020. The RC rig will initially drill pre-collars for the deeper diamond holes planned for West End and Investigators.

The RC rig will then mobilise to Fish Hook to drill the planned holes at that prospect, following which the rig will move to Stricklands to complete resource definition drilling.

The diamond rig is scheduled to arrive at site shortly after the RC rig and will initially complete six metallurgical holes at Stricklands.

Diamond drilling of targets at West End and Investigators will follow. Diamond drilling of deeper targets is preferred at the Cathedrals Belt as the hard, granitic terrain is challenging for the percussion-drilling of the RC rig.

The above-mentioned scheduled drilling is subject to change in response to drill results, DHEM survey results, weather conditions and other factors that the Company believes warrant a change to the drill schedule.

Further drilling at the Radar and Fairbridge Prospects will also be planned during the course of the 2020 drill programme.

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

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 (0) 411 421 253	+61 (0) 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
SamplingNature and quality ofsampling (eg cut channels,techniquesrandom 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 Electro‐Magnetic (EM) surveys arecompleted by GEM 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.
		EM Surveying: All data is collected in a Moving Loop (MLEM) surveyconfiguration using a Zonge ZT‐30 transmitter, Supracon Jessy DEEPHT SQUID sensor and SMARTem 24 receiver.
		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.
		Onsite XRF analysis is conducted on the fines from RC chips using ahand‐held Olympus Innov‐X Spectrum Analyser. These results areused for onsite interpretation and preliminary assessment subject tofinal geochemical analysis by laboratory assays.
	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. All drill‐hole collars will be surveyed to a greater degree ofaccuracy using a certified surveyor at a later date.

Criteria	JORC Code explanation	Commentary
	Aspects of the determination of mineralisationthat are Material to the Public Report.In cases where 'industry standard' work has	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.
	been 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 or	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.
	mineralisation types (eg submarine nodules)may warrant disclosure of detailed information.	Pulverisationproducesa40gchargeforfireassay.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.
Drillingtechniquesoriented and if so, by what method, etc).	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.
		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 Investigatorsismostly <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.	LoggingofdiamondcoreandRCsamplesrecordslithology,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 thetotalhalf‐coresubmittedasthesample. Thismeetsindustrystandards 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 instrumentmake and model, reading times, calibrations	MLEM: 200m x 200m loops with 50‐100m stations were used for theMLEM surveys. The MLEM Zonge ZT‐30 HPM transmitter uses a basefrequency of 0.25 or 0.5Hz and 80amps. The SMARTem 24 is afluxgate receiver.
	factors applied and their derivation, etc.	XRF:AhandheldXRFinstrument(OlympusInnov‐XSpectrumAnalyser) 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 thenmultiplesamplesaretakenatsetintervalspermetre.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,externallaboratorychecks)andwhetheracceptablelevels 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 byeitherindependentoralternativecompanypersonnel.	Significant intersections are verified by the Company's technicalstaff.
	The use of twinned holes.	No twinned holes have been planned for the current drillprogramme., other than MAD177 referred to in the ASX Release.

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 locationsused in Mineral Resource estimation.	Drill holes and EM stations have been located and pegged using aDGPS system with an expected accuracy of +/‐5m for easting,northing and elevation.Downholesurveysare conductedusingasingleshotcameraapproximately 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.
Dataaggregationmethods	InreportingExplorationResults,weightingaveragingtechniques,maximumand/orminimum 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.The assumptions used for any reporting of	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.No metal equivalent values are used for reporting exploration
	metal equivalent values should be clearlystated.	results.
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.
BalancedReporting	WherecomprehensivereportingofallExplorationResultsisnotpractical,representative reporting of both low and highgrades and/or widths should be practiced toavoidmisleadingreportingofExplorationResults.	Reports on recent exploration can be found in ASX Releases that areavailable on our website at www.stgm.com.au:Theexplorationresultsreportedarerepresentativeofthemineralisationstylewithgradesand/orwidthsreported inaconsistent manner.
Othersubstantiveexplorationdata	Otherexplorationdata,ifmeaningfulandmaterial, should be reported including (but notlimited to): geological observation; geophysicalsurvey results; geochemical survey results; bulksamples–sizeandmethodoftreatment;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.testsforlateralextensionsordepthextensionsorlarge–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.