Exploration progress at Destiny Project

St George Mining Limited (ASX: $SGQ) has confirmed a large exploration target at the Destiny Project in Western Australia, with a follow-up grid gravity survey indicating a higher density core at target C1. The company is fast-tracking approvals for drilling at C1, a circular feature spanning 2.1km in diameter, which has been confirmed to have a low magnetic/gravity high core, supporting the potential for a prospective late-stage body, including a carbonatite or mafic intrusion.

Executive commentary on exploration progress

C1 is a compelling exploration target and we are pleased to have been able to complete the follow-up gravity survey quickly. The results of the new survey are highly promising and further upgrade the prospectivity at C1. We are accelerating approvals to be able to drill C1 and look forward to drilling this exciting target at the earliest opportunity.

Summary of exploration progress and outlook

St George Mining's exploration progress at the Destiny Project has revealed promising results, with the identification of a large exploration target at C1. The company is accelerating approvals for drilling at C1, which presents as a potential carbonatite or mafic intrusion. The geophysical characteristics of C1 are similar to known mineralised carbonatites in Western Australia, further enhancing its prospectivity. The company is finalising drill targets and approvals at C1, with drilling prioritised for the earliest opportunity in H2 2024. The location of C1 along the Ida Fault adds further support to its prospectivity. St George Mining's focus on clean energy metals projects in Western Australia underscores its commitment to the discovery of major new mineral deposits, positioning the company for further exploration success in the region.