Australia's St George Mining rises on positive metallurgical test results

St George Mining

10/03/2022 03:06

** Shares of explorer St George Mining  SGQ.AX  jump as much
as 22.9% to A$0.059, on track for their best session since April
14, 2021 if gains hold
    ** Says https://www.asx.com.au/asxpdf/20220310/pdf/456wbmr71091sd.pdf
 metallurgical testwork results for co's flagship Mt Alexander
project in Western Australia confirm potential to produce two
separate commercially attractive concentrates for nickel and
copper
    ** Co says it will look to expand the area of known
mineralisation to include additional high-grade massive sulphide
lenses 
    ** SGQ hits highest level since Feb. 15
    ** More than 3.5 mln shares have changed hands, compared
with the 30-day average of about 1.5 mln shares 
    ** Stock down ~22.6% YTD, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))