St George Mining hits more high-grade rare earths and niobium at Brazil’s Araxá project

An announcement from St. George Mining Ltd. ( (AU:SGQ) ) is now available.

St George Mining has reported another round of strong assay results from 16 additional diamond drill holes at its 100%-owned Araxá Project in Brazil, confirming thick, high-grade rare earth and niobium mineralisation starting from surface. The company says these results reinforce Araxá’s status as South America’s largest and highest-grade carbonatite-hosted rare earth resource and strengthen the case for further resource upgrades.

Management highlighted Araxá’s dual commodity profile in rare earths and niobium, noting the strategic value of niobium given limited supply outside Brazil and its importance in defence-related manufacturing. With three diamond rigs and one RC rig drilling continuously and 23 holes awaiting assays, St George is accelerating development studies and signalling a clearer pathway to production that could enhance its position in the global critical metals supply chain.

The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.13 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 exploration and development company focused on rare earths and niobium, with its flagship Araxá Rare Earths and Niobium Project located in Minas Gerais, Brazil. The project targets high-grade carbonatite-hosted mineralisation in a region that already hosts CBMM’s major niobium mine, providing access to established infrastructure and technical expertise in critical metals mining.

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