St George Mining Advances Araxá Project with Strong Technical and Corporate Progress
St George Mining Limited (ASX: SGQ) made notable headway during the June 2026 quarter, with key milestones achieved at its Araxá Niobium-Rare Earths Project in Brazil. The company appointed Worley as its feasibility technical adviser while metallurgical test work successfully produced separate high-grade niobium and rare earth concentrates, supporting future downstream processing studies. Continued drilling also returned thick, high-grade mineralised intercepts, reinforcing the project's potential for further resource expansion and long-term development.
The company also strengthened its financial position by completing a AU$60 million capital raise, lifting its cash balance to around AU$98 million. Hancock Prospecting increased its stake to 10.3%, while battery manufacturer Amperex Technology Limited became a shareholder following the restructuring of Lithium Star. These developments enhanced St George's funding capacity and strategic partnerships as it progressed feasibility studies, resource growth and project development at Araxá, positioning the company for the next phase of its critical minerals strategy.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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St George Mining Advances Araxá Project with Strong Technical and Corporate Progress
St George Mining Limited (ASX: SGQ) made notable headway during the June 2026 quarter, with key milestones achieved at its Araxá Niobium-Rare Earths Project in Brazil. The company appointed Worley as its feasibility technical adviser while metallurgical test work successfully produced separate high-grade niobium and rare earth concentrates, supporting future downstream processing studies. Continued drilling also returned thick, high-grade mineralised intercepts, reinforcing the project's potential for further resource expansion and long-term development.
The company also strengthened its financial position by completing a AU$60 million capital raise, lifting its cash balance to around AU$98 million. Hancock Prospecting increased its stake to 10.3%, while battery manufacturer Amperex Technology Limited became a shareholder following the restructuring of Lithium Star. These developments enhanced St George's funding capacity and strategic partnerships as it progressed feasibility studies, resource growth and project development at Araxá, positioning the company for the next phase of its critical minerals strategy.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au