St George Mining Unveils High-Grade Niobium and Rare Earth Resource Estimate for Araxá Project

 

St George Mining (ASX: SGQ) has announced a landmark JORC 2012 Mineral Resource Estimate (MRE) for its Araxá Project in Brazil, solidifying its position in the critical minerals market. The estimate outlines a significant high-grade niobium and rare earth resource, key materials for green technologies, aerospace, and advanced manufacturing.

The Araxá Project boasts 41.2 million tonnes at 0.68% Nb₂O₅, containing approximately 280,000 tonnes of niobium oxide, a strategic metal used in high-strength alloys. Additionally, the project holds 40.6 million tonnes at 4.13% Total Rare Earth Oxides (TREO), with magnet rare earth elements making up 19.09% of the TREO content. These materials are crucial for electric vehicle motors, wind turbines, and other clean energy applications.

Drilling at Araxá has confirmed exceptional grades, including intersections of up to 8.29% Nb₂O₅ and 32.98% TREO. Importantly, 95.8% of the resource sits within 100 meters of the surface, enabling cost-effective open-pit mining. Located in Brazil’s renowned mining hub of Minas Gerais, the project benefits from established infrastructure, skilled labor, and government support.

Executive Chairman John Prineas highlighted the milestone, stating, “This transformational resource estimate confirms Araxá as a globally significant niobium and rare earth deposit. With world-class grades and strategic positioning, we are advancing towards becoming a key supplier in the critical minerals supply chain.” St George is fast-tracking development through strategic partnerships, securing an EPC+F (Engineering, Procurement, Construction, and Financing) contract with a global industry leader.

Looking ahead, St George plans to upgrade its resource classifications through further drilling, progress environmental and mining approvals, and advance metallurgical test work to optimize processing techniques. Additionally, the company is actively engaging in discussions with potential off-takers and investors to secure long-term agreements.

With a market capitalisation of $53.36 million and a stock price of $0.02, St George is positioning itself for significant growth as the demand for niobium and rare earths rises globally. The Araxá Project’s scale, grade, and strategic location present a compelling investment opportunity, with potential for substantial value creation as feasibility studies progress.

As global industries push towards clean energy and technological advancements, St George Mining is set to play a pivotal role in supplying the critical minerals necessary for the future.

 

 


Comments

Post a Comment

Popular posts from this blog

Carbonxt Restructures Black Birch Lease, Secures Premium Placement to Drive Growth

Image
Carbonxt Group Ltd (ASX: CG1) has successfully restructured its lease agreement for the Black Birch Powdered Activated Carbon (PAC) facility in Georgia, USA. The revised lease significantly reduces fixed costs while allowing Carbonxt to maintain full operational control. In a strategic move, the lessor has agreed to accept shares as lease payments through September 2025, demonstrating confidence in the Company’s growth trajectory. Carbonxt will issue 7.86 million shares at $0.08 each, representing a 37% premium to the 15-day VWAP. Major Lease Restructuring to Reduce Costs The Black Birch PAC facility, operating under a 50-year lease since 2017, had previously required minimum fixed rent payments. Under the renegotiated agreement: The lease is secured through September 2025. Monthly lease payments are reduced by over 50%, easing financial pressure. Carbonxt will issue shares instead of making cash payments. This restructuring provides Carbonxt with greater fi...
Read more

Resolution Minerals Strikes Significant Gold at Horse Heaven, Idaho

Image
  Australian-listed miner Resolution Minerals (ASX: RML) has announced a breakthrough discovery at its Horse Heaven Project in Idaho, USA. The first diamond-core drill hole at the Golden Gate prospect (HH-GG25-001C) intersected a broad near-surface gold zone — 189.2 metres @ 1.30 g/t Au from a depth of just 34.1 metres. Impressively, mineralisation bottoms  out and remains open at depth. Notably, the intercept includes severa l higher-grade zones: 12.9 m @ 2.32 g/t Au from 94.4 m and 70.8 m @ 2.24 g/t Au from 128.8 m. These results suggest the presence of an intrusion-hosted gold system — a deposit style known for large tonnage potential — similar to that found at the nearby Stibnite Gold Project located only ~6 km away. The initial “Phase 1” drilling campaign comprised  10 holes totalling 2,770.6 metres, though only the first hole’s assay results have been released so far. Resolution plans to submit permits for a follow-up program of up to 50 holes to systematically test...
Read more

Platina Resources Doubles Its Laverton Footprint with Strategic Acquisition

Image
  Platina Resources (ASX: PGM)  has significantly expanded its presence in Western Australia’s Laverton Gold District by acquiring the Mt Morgans South Gold Project. The new tenement package boosts the company’s landholding to more than 312 km² , nearly doubling its exploration footprint in one of Australia’s most productive  gold belts. The Mt Morgans South  project sits close to major gold operations, including the Jupiter  and Westralia  mines, and lies within proven Archean greenstone geology known for hosting multi- million-ounce deposits . This strategic location gives Platina strong potential for new gold discoveries. The company plans to begin exploration by reviewing historical data, refining targets and preparing for future drilling programs. With this acquisition, Platina strengthens its district-scale strategy and enhances its chances  of uncovering high-value gold opportunities.
Read more