St George Mining Extends High-Grade Rare Earths and Niobium at Araxá Ahead of Resource Upgrade

St. George Mining Ltd. ( (AU:SGQ) ) just unveiled an update.

St George Mining reported further exceptional drilling results at its Araxá project, with multiple diamond drill holes returning long intervals of high-grade total rare earth oxides (TREO) and niobium starting from surface, including standout intercepts such as 99.10m at 5.62% TREO outside the current mineral resource. The company said these results materially expand the footprint of mineralisation beyond the existing resource, support the potential for a substantial resource upgrade due this quarter, and underpin ongoing economic studies, while also highlighting the possibility of a low-cost open pit development given the consistent, near-surface high-grade mineralisation and the emergence of a new high-grade zone to the north-west that could be mined separately from the established resource in the south.

The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.10 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 Limited is an Australian-listed exploration and development company focused on rare earth elements and niobium, with its flagship 100%-owned Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil. Araxá already hosts a 40.6Mt @ 4.13% TREO mineral resource, regarded as the largest and highest-grade carbonatite-hosted rare earth deposit in South America and one of the highest-grade deposits in the Western world, positioning the company as an emerging player in critical minerals supply.

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