St George Mining Drilling Extends High-Grade Rare Earths at Brazil’s Araxá Project

The latest update is out from St. George Mining Ltd. ( (AU:SGQ) ).

St George Mining reported further strong assay results from ongoing diamond drilling at its Araxá rare earths and niobium project in Brazil, including multiple wide, high-grade mineralised intercepts starting from surface. The latest 13 holes, covering both infill and step-out drilling, confirm substantial mineralised thicknesses with a consistently high proportion of magnet rare earths and support comparisons with some of the world’s largest rare earth mines.

The current campaign has delivered a 75% increase in the Araxá mineral resource and a 218% rise in the Measured and Indicated categories, with drilling on 40m spacing aimed at underpinning reserve modelling and feasibility studies. Step-out results, including a 200m extension hole returning a 100m mineralised interval, indicate the mineral system remains open and suggest further resource growth potential that could strengthen the project’s future development case and St George’s position in the global rare earths supply chain.

The most recent analyst rating on (AU:SGQ) stock is a Buy with a A$0.23 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 company focused on rare earths and niobium, with its flagship 100%-owned Araxá Project located in Minas Gerais, Brazil. The company is positioning Araxá as a large-scale, high-grade, carbonatite-hosted deposit comparable in scale and grade to major rare earth operations such as Mountain Pass in the U.S. and Mt Weld in Australia.

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Technical Sentiment Signal: Strong Buy

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