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St. George Mining Ltd. ( (AU:SGQ) ) has shared an update.
St George Mining has reported a new batch of exceptional diamond drilling assays from its Araxá Rare Earths and Niobium Project in Brazil, including thick, high-grade rare earth oxide and niobium intersections starting from surface such as 128.6m at 4.87% TREO and 0.85% Nb₂O₅ in hole AXDD027. The results confirm broad, continuous zones of high-grade mineralisation in previously sparsely drilled areas, extending the existing resource envelope and supporting expectations of a substantial upgrade to the current 40.6Mt at 4.13% TREO mineral resource, already described as the largest and highest-grade carbonatite-hosted rare earth deposit in South America. With mineralisation remaining open in all directions and most holes ending in high-grade material, the campaign, supported by three diamond rigs drilling around the clock and a large backlog of samples at the laboratory, is transforming the scale of Araxá and reinforcing St George’s emerging position as a leader in the rare earths and niobium sectors.
The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.09 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 earths and niobium, with its flagship 100%-owned Araxá Rare Earths and Niobium Project located in Minas Gerais, Brazil. The project sits within the Barriero Carbonatite, adjacent to CBMM’s major niobium mine, positioning St George in a globally significant rare earths and niobium mining district with established infrastructure and supportive local stakeholders.
YTD Price Performance: -3.03%
Average Trading Volume: 34,961,723
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$365M
For a thorough assessment of SGQ stock, go to TipRanks’ Stock Analysis page.