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An announcement from St. George Mining Ltd. ( (AU:SGQ) ) is now available.
St George Mining Limited has commenced a major drilling campaign at its Araxá Project in Brazil, aiming to expand its already significant rare earth and niobium resources. The project, which features high-grade mineralization starting from the surface, is positioned as a potential low-cost open-pit mining operation. The campaign involves over 10,000 meters of drilling and includes auger, reverse circulation, and diamond drilling methods. The initiative is expected to enhance the project’s resource base, providing a competitive advantage in the rare earths and niobium market, especially as global demand for critical metals increases. The company is also conducting an airborne magnetic survey to identify further drilling targets, underscoring its commitment to advancing the project and delivering value to shareholders.
More about St. George Mining Ltd.
St George Mining Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements (REE) and niobium resources. The company’s primary project is the Araxá Project in Minas Gerais, Brazil, which is known for its significant mineral deposits and potential for resource expansion.
Average Trading Volume: 10,946,471
Technical Sentiment Signal: Hold
Current Market Cap: A$74.84M
For a thorough assessment of SGQ stock, go to TipRanks’ Stock Analysis page.