New nickel targets boost St George at Mt Alexander

St George Mining has identified new priority nickel-copper-PGE targets at its flagship high-grade Mt Alexander project near Menzies in Western Australia.  A Seismic survey has indicated large intrusion structures prospective for nickel sulphides have the potential to host significant volumes of mineralisation.

The company has announced drilling is now underway on the first of five targets with management saying existing high-grade nickel-copper-PGE deposits at Stricklands and Cathedrals in the Cathedrals Belt will be the subject of resource definition to assess the potential for a starter mine. Four of the targets are located on ground 100 per cent owned by St George.   The seismic surveys to date cover only 3 kilometres of the more than 15km of strike length for the mineralised belts.

St George interpret the structures as continuing beyond the seismic survey area in line with magnetic survey data suggesting there may be plenty to get excited about as the project develops.  St George has a strong geological team that has considerable local nickel sulphide experience with WMC and Western Areas.

With the addition of new priority targets and the discovery of several parallel mineralised belts, St George is turbo-charging its push for a new nickel-copper-PGE mining operation in Western Australia.

Venus looking to unlock WA lithium

Perth-based Venus Metals’ Henderson project north of Menzies in WA could turn out to be a triple header with the company recently completing a hard-rock lithium sampling and mapping program at the gold and nickel site. .  The area looks to be developing into a hub for battery mineral exploration with Red Dirt Metals having just uncovered a fresh suite of spodumene-bearing lithium pegmatites at its Mt Ida project, around 10 kilometres from Venus’ tenure.

The lively neighbourhood also includes Ora Banda Mining’s lepidolite-rich pegmatite tenure south of Venus’ Henderson project. Interestingly, Ora Banda recently used historical geological mapping to uncover several lithium-bearing pegmatites over a 10 km zone near its’ Riverina fold mine.  Venus’ Henderson project is a five-piece puzzle of exploration licenses. The area covers an 800 square kilometre zone that takes in an approximate 25km strike length of the Ularring Greenstone belt.

Lithium is quickly becoming one of the world’s most sought-after metals on the back of increased electric vehicle production. Demand for the resource has skyrocketed in recent times and there is a strong belief this trend could linger as the world moves towards “cleaner” energy.  Australia produces about 20 per cent of the world’s lithium, mostly from the hard-rock mining of spodumene.

The bulk of global production is from Chile which manufactures over 50 per cent of lithium through hypersaline brines called ‘salars’.