🚨 St George Mining – First RC Assays Confirm High-Grade Rare Earths & Niobium at Araxá!
St George Mining Limited (ASX: SGQ | FSE: SOG) is pleased to announce exceptional first RC assay results from its flagship Araxá Niobium-REE Project in Brazil ⛏️ – confirming thick, near-surface zones of high-grade mineralisation.
Grades up to 13.98% TREO (139,800ppm) and 7% Nb₂O₅ (70,000ppm) ✅
Significant intercepts include:
41m @ 4.52% TREO & 0.87% Nb₂O₅ from surface
13m @ 7.06% TREO & 1.45% Nb₂O₅ from 4m
5m @ 11.83% TREO & 3.12% Nb₂O₅ from 8m
Nd:Pr-to-TREO ratio up to 42%, with increased Heavy REEs (Tb, Lu, Gd, Dy).
🔹 Resource Growth & Pipeline
RC drilling confirms strong continuity of mineralisation, while three diamond drill rigs + RC rig are advancing an aggressive expansion program 🔎.
Auger drilling 1km east of the MRE has uncovered a new high-grade discovery, highlighting potential for a major resource upgrade.
Araxá is South America’s largest & highest-grade carbonatite-hosted REE deposit 🌍, and the second highest grade in the Western world.
Current JORC MRE: 40.6Mt @ 4.13% TREO (41,300ppm TREO) with less than 10% of tenure tested so far.
The Araxá Project continues to prove itself as a Tier-1 critical minerals deposit with scale, grade, and expansion potential ⚡. With rare earth supply chains under pressure from China, Araxá positions SGQ as a strategic, sustainable source of TREO + Nb₂O₅ for global industries including EVs 🚗⚡, Wind 🌬️, and Defence 🛡️.
Despite the world-class potential, SGQ’s current market cap suggests room for significant re-rating as drilling progresses 📈.
💬 Executive Chairman, John Prineas:
“These first RC assay results are an excellent start and confirm that Araxá has the potential to become a globally significant rare earths and niobium operation – comparable to Mountain Pass in the US and Mt Weld in WA.”
📊 ASX: SGQ | Price: A$0.051 | Market Cap: ~A$149M
Read More - https://colitco.com/st-george-delivers-high-grade-rare-earth-niobium/
⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.