St George Mining (ASX:SGQ) acquires critical metals project

St George Mining (ASX:SGQ) has acquired an option to purchase the Woolgangie project, consisting of nine exploration licences  in the Eastern Goldfields of Western Australia.

Woolgangie is considered prospective for lithium, nickel-copper sulphides and ionic clay-hosted rare earths mineralisation, with a total area of 1,200?.

Its Executive Chairman John Prineas says: “This acquisition expands our project portfolio in Western Australia into a highly prospective but largely overlooked region and stamps St George as a dominant player in this area."

Following the announcement, shares of St George Mining were up at $0.076.