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An update from St. George Mining Ltd. ( (AU:SGQ) ) is now available.
St George Mining has reported its thickest and highest-grade rare earths and niobium intercepts to date at the 100%-owned Araxá Project in Brazil, including 178.7 metres from surface at 4.34% total rare earth oxides and 0.75% niobium pentoxide. The continuous, high-grade mineralisation from surface, combined with carbonatite-hosted geology similar to major non-Chinese rare earths mines, underlines Araxá’s status as a world-class undeveloped project and supports simple open-pit, free-digging mine designs.
With multiple new drill holes confirming substantial widths and grades of both rare earths and niobium, the project’s mineral resource estimate is expected to grow and further enhance its global standing. Located adjacent to CBMM’s leading niobium operation and in an established mining hub, Araxá strengthens St George’s bid to become a significant niobium producer with dual revenue streams from separate niobium and rare earth products, potentially benefiting from favourable supply dynamics in markets lacking domestic niobium production.
The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.11 price target. To see the full list of analyst forecasts on St. George Mining Ltd. stock, see the AU:SGQ Stock Forecast page.
More about St. George Mining Ltd.
St George Mining Ltd is an Australian-listed mineral exploration and development company focused on critical minerals, notably rare earth elements and niobium. Its flagship Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil, targets carbonatite-hosted mineralisation in a globally significant niobium mining region, positioning the company to serve growing high-tech and energy-transition markets.
YTD Price Performance: 21.21%
Average Trading Volume: 27,291,537
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$471.1M
See more data about SGQ stock on TipRanks’ Stock Analysis page.