St George Mining has completed its acquisition of seven strategic hard-rock lithium projects in Western Australia.

The tenement package consists of 14 exploration licences (13 granted and 1 in application) covering a total area of 653km2, including land packages located along strike from high-grade lithium deposits and established spodumene producing lithium mines.

The 7 distinct projects include: the Split Rock project, Buningonia project, Buningonia North project, Myuna Rocks project, Ten Mile West project, Carnamah project and Lindville project.

St George Mining (ASX:SGQ) plans to kick off exploration this year at all the projects, with a priority focus on:

  • Split Rocks, located ~25km north-west of Covalent Lithium’s Earl Grey lithium deposit, (Wesfarmers (ASX:WES) and SQM (NYSE:SQM) joint venture) which has a resource of 189Mt at 1.50% Li2O;
  • Buningonia and Buningonia North, located in the same lithium province as Global Lithium’s (ASX:GL1) Manna project and the operating Bald Hill mine; and
  • Myuna Rocks, near Allkem’s (ASX:AKE) operating Mt Cattlin mine.

 

Map showing the location of the new projects acquired by St George as well as the existing Mt Alexander and Woolgangie projects. Pic: Supplied (SGQ).

 

Yilgarn Craton a lithium ‘super province’

“The acquisition of these projects – through our wholly owned subsidiary, Lithium Star Pty Ltd – is in line with our strategy to build a high-quality portfolio of lithium assets in Tier 1 jurisdictions like Western Australia,” SGQ executive chairman John Prineas said. 

“Five of the new projects are located in the southern portion of the Yilgarn Craton, an area gaining a global reputation as a ‘super province’ for lithium with 3 spodumene-producing mines and 5 others in development.

“Exploration ground in this region is highly sought after.

“We will aim to unlock the lithium potential of these new projects with systematic exploration, alongside ongoing drilling and exploration at our advanced Mt Alexander project.”

The company plans to conduct ground field mapping, pegmatite rock chip sampling and geochem sampling (soils or auger drilling) airborne magnetics where historic or no previous magnetics are available – plus aircore and reverse circulation drilling for the Split Rock and Buningonia project.

 

 

This article was developed in collaboration with St George Mining Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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