St George Mining Unveils High-Grade REE and Niobium at Araxá


 

St George Mining confirms a significant high-grade rare earth and niobium discovery at its 100%-owned Araxá Project in Brazil.


St George Mining Limited (ASX: SGQ) has announced a major discovery of high-grade rare earth elements (REE) and niobium at its 100%-owned Araxá Project in Minas Gerais, Brazil. The first batch of reverse circulation (RC) drill assays outside the existing Mineral Resource Estimate (MRE) delivered standout results, 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 expressed delight with the results from the follow-up deeper drilling at East Araxá, confirming the continuity and depth extent of this near-surface, high-grade rare earths and niobium discovery.

This Araxá discovery positions St George Mining as a significant player in the global critical minerals market, with potential for substantial resource expansion.


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