ST GEORGE MINING LIMITED — Regulatory Filings 2020

Feb 26, 2020

27 February 2020

ST GEORGE LAUNCHES EXPLORATION AT NEW PATERSON PROVINCE PROJECT

• Exploration activities underway at St George's Paterson Project
• Airborne magnetic survey to commence shortly over St George's ground, which covers more than 35km of strike of prospective stratigraphy
• St George's Paterson Project is in the same regional location as Rio Tinto's exciting Winu discovery and Newcrest's world-class Telfer gold-copper mine
• Preliminary interpretation of Government regional magnetic data suggests that the depth of cover at St George's project is much less than other exploration projects in the region, potentially allowing for expedited and lower-cost exploration drilling

Growth focused Western Australian nickel company St George Mining Limited (ASX: SGQ) ("St George" or "the Company") is pleased to announce that exploration has commenced at its Paterson Project, located within the Paterson Province of Western Australia.

St George's Paterson Project is an early stage project with significant exploration upside. It complements the Company's flagship Mt Alexander nickel-copper sulphide project where St George is continuing to advance towards a potential mine.

Paterson Province – World-Class Mineral District

The Paterson Province is one of the most highly endowed mineral provinces in Australia, and hosts the giant Nifty (2Mt Cu) and Telfer (27M oz Au) deposits.

The region remains underexplored with a number of significant copper and gold discoveries recently announced including at Rio Tinto's Winu Project and at the Havieron Project being explored in joint venture by Greatland Gold and Newcrest.

These latest discoveries have fueled strong interest in the Paterson Province from major mining companies such as Fortescue Metals (ASX: FMG), Rio Tinto (ASX: RIO) and Newcrest Mining (ASX: NCM) – ensuring that the region is re-emerging as a highly sought after exploration address with potential for world-class discoveries.

St George secured ground in the Paterson Province on 17 December 2019 with the grant of Exploration Licence E45/5226. Figure 1 illustrates the regional location of the new St George tenement. Another tenement – Exploration Licence E45/5422 – is in the application phase and expected to be granted to St George during 2020.

St George's Project – Prospective Stratigraphy

St George's granted exploration licence covers more than 35km strike of prospective stratigraphy, with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer.

Our review of the regional magnetic and gravity data available on the Government database has highlighted a number of key structures and tectonic features within the St George tenure; see Figure 2.

ASX / MEDIA RELEASE

Significantly, these features are more prominent in St George's ground than at other project areas like Winu and Havieron, suggesting that the depth of cover at St George's ground is much less than at these other projects – potentially allowing for expedited and lower cost exploration drilling.

Figure 1 – map showing St George's tenement in the Paterson Province as well as other projects in the region, with major farm-in deals highlighted

Airborne Magnetic Survey

St George's field exploration at the Paterson Project is scheduled to commence shortly with a close-spaced airborne magnetic survey across the granted exploration licence.

The close-spaced magnetic data will allow for a more detailed interpretation of the structural framework and stratigraphy – including sedimentary units, intrusive rocks and granitic domes – that are potentially prospective for mineral deposits.

ASX / MEDIA RELEASE

This low cost magnetic survey (approximate expense of $55,000) will result in the identification of areas of interest for follow-up exploration targeting and planning. Over 4,000 line km will be flown in the airborne magnetic survey with line spacing at 100m (compared to the regional Government data which is typically at more than 400m spacing).

Figure 2 – map of regional magnetic data highlighting the prominent magnetic features at St George's ground. St George's upcoming airborne magnetic survey will provide further detail on these features.

ASX / MEDIA RELEASE

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

"The recent discoveries in the Paterson Province have re-affirmed the region as a world-class mineral district and its no surprise to see a massive escalation of exploration here by major mining companies.

"We believe our ground is highly prospective with prominent structural features and interpreted geology that may host mineral deposits similar to those already identified in the Province.

"We are very excited at the opportunity we have at the Paterson Province and look forward to methodically progressing exploration at the Paterson Project while we continue our aggressive exploration and development activities at our flagship Mt Alexander nickel-copper sulphide project."

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
Samplingtechniques	Nature and quality of sampling (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.Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools orsystems used.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 or	The data presented herein is historic in nature and as such samplingtechnique and its nature and quality cannot be ascertained withcertainty.While it is historical in nature and cannot be verified, the AirborneMagnetic (AMAG) data was collected at 1,600m and 400m spacedlines. The lines were flown on a 090/270 magnetic orientation. Thesensor reading interval was 0.2Sec using a 256 Channel GR800 sensor.
	mineralisation types (eg submarine nodules)may warrant disclosure of detailed information.
Drillingtechniques	Drill type (eg core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic,etc) and details (eg core diameter, triple orstandard tube, depth of diamond tails, facesampling bit or other type, whether core isoriented and if so, by what method, etc).	Historical drilling has consisted of Rotary Air-Blast (RAB) Drilling.
Drill samplerecovery	Method of recording and assessing core andchip sample recoveries and results assessed.	Due to the historic nature of the data, recovery cannot be determinedwith confidence.
	Measures taken to maximise sample recoveryand ensure representative nature of thesamples.	The relationship between sample recovery and grade has not beendetermined.
	Whether a relationship exists between samplerecovery and grade and whether sample biasmay have occurred due to preferential loss/gainof fine/coarse material.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a levelof detail to support appropriate MineralResourceestimation,miningstudiesandmetallurgical studies.	Due to the historic nature of the data, this cannot be determined.
	Whether logging is qualitative or quantitative innature.Core(orcostean,channel,etc)photography.	Due to the historic nature of the data, this cannot be determined.
	The total length and percentage of the relevantintersections logged.	Due to the historic nature of the data, this cannot be determined.

Criteria	JORC Code explanation	Commentary
Sub-samplingtechniques andsamplepreparation	If core, whether cut or sawn and whetherquarter, half or all core taken.	No diamond drilling has been recorded
	If non-core, whether riffled, tube sampled,rotary split, etc and whether sampled wet ordry.	The sampling methods for the drillinghas not always beendetermined due to the historic nature of the data.
	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	The sampling methods for the drillinghas not always beendetermined due to the historic nature of the data.
	Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.	QAQC protocols are not always provided in the historic data and maynot be to the same level as current industry standards.
	Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.	The sampling methods for the drillinghas not always beendetermined due to the historic nature of the data.
	Whether sample sizes are appropriate to thegrain size of the material being sampled.	The sampling methods for the drillinghas not always beendetermined due to the historic nature of the data.
Quality ofassay data andlaboratorytests	The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial ortotal.	QAQC protocols are not always provided in the historic data and maynot be to the same level as current industry standards.
	For geophysical tools, spectrometres, handheldXRF instruments, etc, the parametres used indetermining the analysis including instrumentmake and model, reading times, calibrationsfactors applied and their derivation, etc.	N/A
	Nature of quality control procedures adopted(egstandards, blanks, duplicates, externallaboratory checks) and whether acceptablelevels of accuracy (ie lack of bias) and precisionhave been established.	QAQC protocols are not always provided in the historic data and maynot be to the same level as current industry standards.
Verification ofsampling andassaying	The verification of significant intersections byeither independent or alternative companypersonnel.	The historic data cannot be verified and it has been collected frompublicly available sources.
	The use of twinned holes.	No twinned holes were drilled historically.
	Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.	The historic data cannot be verified and it has been collected frompublicly available sources.
	Discuss any adjustment to assay data.	N/A

Criteria	JORC Code explanation	Commentary
Location ofdata points	Accuracy and quality of surveys used to locatedrill holes (collar and down-hole surveys),trenches, mine workings and other locationsused in Mineral Resource estimation.	The survey method for collar co-ordinates is not always presented inhistoric data. Visual checks have been applied where possible usinghistorical reports, aerial photography and/or Google Earth imagery tolocate holes correctly if errors are discovered.
	Specification of the grid system used.	The grid system used is GDA94, MGA Zone 51.
	Quality and adequacy of topographic control.	Due to the historical nature, this cannot be determined.
Data spacing	Data spacing for reporting of ExplorationResults.	Data has been collected at various spacing.
anddistribution		The historical drilling was drilling at 10km spacings.
		The historical AMAG data was collected at 1,600m and 400m linespacings (E-W lines).
	Whether the data spacing and distribution issufficient to establish the degree of geologicaland grade continuity appropriate for theMineral Resource and Ore Reserve estimationprocedure(s) and classifications applied.	There are no reported reserves or resources.
	Whether sample compositing has been applied.	No compositing has been applied to the historical explorationresults.
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 historical drill holes are drilled to intersect the stratigraphy at anear perpendicular orientation (unless otherwise stated). However,the orientation of key structures may be locally variable and anyrelationship 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 thehistorical data to date.
Samplesecurity	The measures taken to ensure sample security.	Due to the historic nature of the data, this cannot be determined.
Audits orreviews	The results of any audits or reviews of samplingtechniques and data.	No external audits or reviews have been conducted apart frominternal company review as this is publicly available, historical data.

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 parties including joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.The security of the tenure held at the time ofreporting along with any known impediments to	The Paterson Project is comprised of a single granted ExplorationLicences (E45/5226)and an Exploration Licence Application(E45/5422). Tenement E45/5226 is held 100% by St George MiningLtdNo environmentally sensitive sites have been identified on thetenements. A registered Heritage site (DAA identification 8933) islocated within E45/5226. All live tenements are in good standing withno known impediments.
	obtaining a licence to operate in the area.
ExplorationDone by OtherParties	Acknowledgment and appraisal of explorationby other parties.	Wide spaced and reconnaissance style historical exploration workwas completed by BHP focused on orogenic gold and strataboundbase metals.

Criteria	JORC Code explanation	Commentary
Geology	Deposit type, geological setting and style ofmineralisation	The Paterson Project is interpreted to be located on the easternmargin of the Yeneena Basin. The geology is interpreted to compriseintercalated Fe-Rich/carbonaceous and dolomitic meta-sediments,similar to that which host the giant Nifty Copper-Gold (65Mt @ 2.6%Cu) and Winu Deposits, bounded by oxidised I-type granitoids. Thesegranitoids and tectonic settings are also prospective for orogenic gold(Telfer) styles of mineralisation.
Drill hole	A summary of all information material to the	All reported drill hole information is historical in nature and
information	understandingoftheexplorationresultsincludingtabulationofthefollowinginformation 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	therefore cannot be verified.
Dataaggregationmethods	In reporting Exploration Results, weightingaveragingtechniques,maximumand/orminimum grade truncations (e.g. cutting of highgrades) and cut-off grades are usually Materialand should be stated.	Results have been presented as collected from historic data sources.
	Where aggregated intercepts incorporate shortlengths of high grade results and longer lengthsof low grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.	N/A
	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.	Mineralisation orientations have not been determined.
Diagrams	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.	Refer to figures in document.
BalancedReporting	WherecomprehensivereportingofallExplorationResultsisnotpractical,representative reporting of both low and highgrades and/or widths should be practiced toavoid misleading reporting of ExplorationResults.	The historic data presented is to illustrate trends only and allavailable data is provided.
Othersubstantiveexplorationdata	Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observation; geophysicalsurvey results; geochemical survey results; bulk	All material or meaningful data collected has been reported.

Criteria	JORC Code explanation	Commentary
	samples –size and method of treatment;metallurgicaltestresults;bulkdensity,groundwater,geotechnicalandrockcharacteristics;potentialdeleteriousorcontaminating substances.
Further Work	The nature and scale of planned further work(e.g. tests for lateral extensions or depthextensions or large –scale step –outdrilling).Diagrams clearly highlighting the areasof possible extensions, including the maingeological 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.