Araxá Project: St George Mining's Breakthrough in REE and Niobium


 

St George Mining's Araxá Project reveals high-grade rare earth and niobium deposits, enhancing its position in the critical minerals sector.


St George Mining Limited (ASX: SGQ) has confirmed a significant new discovery of high-grade rare earth elements (REE) and niobium at its 100%-owned Araxá Project in Minas Gerais, Brazil. The initial reverse circulation (RC) drill assays outside the existing Mineral Resource Estimate (MRE) delivered standout results, with thick, high-grade intervals confirming the scale of this new zone.

Key highlights include:

·         48m at 5.71% TREO from 2m, including 15m at 12.61% TREO.

·         32m at 1.04% Nb₂O₅ from 11m, including 6m at 2.41% TREO.

·         40m at 2.62% TREO and 1.05% Nb₂O₅ from surface, including 8m at 4.38% TREO.

Grades reached as high as 16.87% TREO (168,700ppm) and 4.06% Nb₂O₅ (40,600ppm). Executive Chairman John Prineas stated, “We are delighted with the results from the follow-up deeper drilling at East Araxá, which has confirmed the continuity and depth extent of this near-surface, high-grade rare earths and niobium discovery.”

This Araxá Project enhances St George Mining's position in the critical minerals sector, with potential for significant resource expansion and development.

 

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