🚨 St George Mining (ASX: SGQ) Accelerates Araxá Drilling Amid Rare Earths Crunch 🇧🇷⚙️
St George Mining is advancing drilling at its 100%-owned Araxá Project in Brazil—a globally significant rare earths & niobium asset.
🔍 Highlights:
🔹 JORC Resource: 40.64Mt @ 4.13% TREO 🔹 NdPr Content: 320,000 tonnes – used in EVs, defence, wind turbines 🔹 Niobium Resource: 41.2Mt @ 0.68% Nb₂O₅ 🔹 Active Drilling: 7,200m underway to expand resource base 🔹 Environmental Studies: Flora & cave assessments completed 🔹 Strategic Backing: Selected for Brazil’s MAGBRAS rare earths initiative
🌍 Global Context:
With China imposing new rare earth export controls and the US DoD injecting $400M into MP Materials, non-Chinese supply chains like Araxá are now strategic assets.
💼 Investor Outlook:
Araxá’s shallow, high-grade mineralisation supports low-cost, open-pit mining. Combined with rising global demand for EVs, defence tech, and magnets—SGQ’s rare earth exposure is timely. Environmental permitting is progressing well, with first assays expected this month.
As of July 14, 2025, SGQ trades at AUD 0.04 with a market cap of AUD 109M.
👉 Araxá is emerging as a high-impact, scalable project in the global critical minerals race.
📖 Full article - https://colitco.com/st-george-mining-araxa-drilling-amidst-rare-earth/