St George Mining’s Araxá Project — High-Grade Niobium & Rare Earths


 

According to Colitco (September 3, 2025), St George Mining (ASX: SGQ) announced outstanding drilling results from the Araxá Project in Minas Gerais, Brazil:

  • Exceptional grades recorded from reverse circulation (RC) drilling, with some highlights:
    • 41 m at 4.52 % TREO and 0.87 % Nb₂O₅
    • 13 m at 7.06 % TREO and 1.45 % Nb₂O₅
    • 11 m at 7.03 % TREO and 0.91 % Nb₂O₅
    • 5 m at 11.83 % TREO and 3.12 % Nb₂O₅
  • These mineralized zones begin at surface and are hosted in easily excavated materials, suggesting potential for low-cost, open-pit mining. A newly discovered extension—just 1 km east of the existing resource—yielded assays of 13.5 m at 12.34 % TREO, indicating significant resource upside.
  • The deposit includes high-value elements, especially NdPr (neodymium-praseodymium) grades of up to 89 % of TREO and elevated amounts of heavy REEs (dysprosium, terbium, gadolinium, lutetium), plus samarium at ~6 % of TREO—making the metallurgical profile particularly compelling.
  • Strategically, Araxá is adjacent to CBMM’s major niobium operations and enjoys strong governmental support—including through Brazil’s MAGBRAS initiative—positioning it as a standout project in global REE and niobium supply chains.
  • Market context: The global niobium market is projected to grow from ~79.7 kt in 2025 to ~99.1 kt by 2030 (~4.5 % CAGR), while the global rare earth market is expected to expand from USD 3.95 billion in 2024 to USD 6.28 billion by 2030 (~8.6 % CAGR).

 

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