St George Mining Limited (ASX: SGQ) - Discovering a Major Prize within a New Lithium Province.

Coffee with Samso Episode 160 is with Prineas, Executive Chair of St George Mining Limited (ASX: SGQ)

 

In this episode with St George Mining Limited , we have John Prineas telling us all about the lithium discovery within their Mt Alexander project. I have recently had a few conversations about lithium and I feel that the investing market has not realised that the lithium exploration timeline has just started.

The lithium euphoria has only been happening for the last two years. The discovery has been all the easy pickings and more commentary is now in the public domain about the discovery of pegmatites that are basically under cover.

 

Like all the previous commodity boom, the strong demand vs. supply equation will carry the rest of the lithium sector further. My view of the sector is that the demand for lithium will definitely outstrip what the work can provide, literally. The mining of lithium will never catch up with the need for the metal. There is no doubt about this statement.

 

St George Mining is now on the verge of joining the ranks of all the potential players out there with one pointed advantage. It is just 10km and along strike (within the potential mineralisation trend) of the Mt Ida Lithium project which is owned my Red Dirt Metals Limited (ASX: RDT).

 

In this episode, viewers should take note of the potential the current drilling program. There have been rock chip results showing mineralisation but the drilling results will be the conclusive.

 

The width mapped on the surface and the rock chip assays should give some indication of the potential. It does not take a genius to realise that there will be pegmatite drilled and there will be number.

 

Where the results will take the project is the unknown. I would start asking the company some serious questions and keep an eye on announcements from the company.

 

Watch this conversation and make a decision to do some serious DYOR.

 

Chapters

 

00:00 Start

00:20 Introduction

01:27 About St George Mining.

01:58 Discovery having similar geology with Mt Ida.

03:32 How encouraging is the width of pegmatites?

05:13 The drilling program.

05:47 Lithium Exploration is still Young.

07:17 How much of the tenement has been looked at?

08:12 Is it advantageous to be close to Mt Ida?

09:26 Discovering the use of lithium.

11:10 How is your experience with the lithium trend?

13:07 St George Mining’s nickel projects.

15:20 Sharing the funding between two projects.

16:45 What are your thoughts on the market?

18:00 Do you see WA being the dominant player in the lithium space?

21:05 News flow.

22:01 Why St George Mining?

22:41 Conclusion