Argonaut acted as Joint Lead Manager to a $7.0 million Placement in early 2021 to advance further exploration drilling at St George Mining Limited’s Mt Alexander Project and commence a maiden exploration program at the Paterson Province Project. Previous transactions for St George Mining Limited included a $5.7 million Placement in late 2019 and $3 million in early 2019 to strengthen their balance sheet and expand exploration programs in Mt Alexander. Argonaut has also been successful in raising A$6.4 million in 2016 for the Mt Alexander Project and general working capital. All Placements were underpinned by strong support from institutional and sophisticated investors, which resulted in oversubscribed capital raisings.
St George Mining Limited (ASX: SGQ) is a mining exploration company focused on discovering world-class deposits in Western Australia. The Company’s flagship venture is the Mt Alexander Project located south-southwest of the Agnew-Wiluna belt in Yilgarn Craton, which boasts high-grade nickel-copper deposits from the Cathedrals Belt. The Company is also working on on-ground exploration for nickel sulphide and gold mineralisation in the Hawaii Project located along the Ida Fault and in the East Laverton Project located 230 km north-east of Kalgoorlie.
Argonaut | Perth
Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia
ABN 72 108 330 650
SFC CE No. AXO052