Western Areas founder Terry Streeter has emerged as a major shareholder in nickel and gold explorer St George Mining, after participating in a $2.13 million capital raising.
Perth-based company director and accountant Marcus Michael, who worked with multiple mining and exploration companies, passed away last Thursday at the age of 48.
BHP Billiton has withdrawn from a farm-in agreement with St George Mining over nickel rights attached to the East Laverton project just months after agreeing to proceed with the deal.
St George Mining shares have risen 16 per cent after BHP Billiton Nickel West agreed to proceed with a farm-in arrangement over nickel rights to tenements at St George's East Laverton project.
West Leederville-based St George Mining has completed a $4 million Initial Public Offering and expects to list on the Australian Securities Exchange later this week.
