St George Mining Limited has confirmed the completion of the acquisition of seven lithium prospective projects located in Western Australia, announced in March 2023.
All projects are 100 per cent owned by St George through its wholly owned subsidiary, Lithium Star Pty Ltd.
The exploration licences acquired cover a total area of 653 square kilometres, including land packages located along strike from high-grade lithium deposits and established spodumene producing lithium mines.
Exploration is planned in 2023 for all new projects with a priority focus on the following:
- the Split Rocks Project, located ~25km north-west of the Earl Grey lithium deposit, which has a resource of 189Mt @ 1.50% Li2O 1, owned by Covalent Lithium – a joint venture between Wesfarmers and SQM.
- the Buningonia and Buningonia North Projects, located in the same lithium province as Global Lithium’s Manna Project and the operating Bald Hill Mine.
- the Myuna Rocks Project, near Allkem’s operating Mt Cattlin Mine.
The acquisitions add to St George’s high-quality portfolio of lithium assets in the world’s premier hard-rock lithium address of Western Australia.
John Prineas, St George Mining’s Executive Chairman said: “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.
“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 three spodumene-producing mines and five 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.”
