St George Mining Limited (ASX: SGQ) has delivered a major upgrade to the Mineral Resource Estimate (MRE) for its 100%-owned Araxá Project in Brazil, strengthening the project’s position as a significant rare earths and niobium development opportunity. The total MRE increased 57% to 111.2 million tonnes grading 3.57% TREO and 0.57% Nb₂O₅, while Measured and Indicated Resources surged 155% to 75.2 million tonnes.
The updated resource contains approximately 3.98 million tonnes of TREO, including 760,000 tonnes of NdPr oxides and 630,000 tonnes of Nb₂O₅. Importantly, 68% of the MRE is now classified as Measured and Indicated, providing a stronger foundation for feasibility studies and potential mine planning.
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
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St George Mining Expands Araxá Resource by 155%
St George Mining Limited (ASX: SGQ) has delivered a major upgrade to the Mineral Resource Estimate (MRE) for its 100%-owned Araxá Project in Brazil, strengthening the project’s position as a significant rare earths and niobium development opportunity. The total MRE increased 57% to 111.2 million tonnes grading 3.57% TREO and 0.57% Nb₂O₅, while Measured and Indicated Resources surged 155% to 75.2 million tonnes.
The updated resource contains approximately 3.98 million tonnes of TREO, including 760,000 tonnes of NdPr oxides and 630,000 tonnes of Nb₂O₅. Importantly, 68% of the MRE is now classified as Measured and Indicated, providing a stronger foundation for feasibility studies and potential mine planning.
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