St George Mining Lifts Araxá Resource by 75%, Reinforcing Tier 1 Critical Minerals Potential

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

St George Mining has announced a 75% increase in the mineral resource estimate at its Araxá rare earths-niobium project in Brazil, lifting total resources to 70.91 million tonnes at 4.06% total rare earth oxides and 0.62% niobium pentoxide. The upgrade, modelled by SRK Consulting, significantly boosts measured and indicated resources to 29.49 million tonnes and underscores Araxá’s status as a potential Tier 1, low-cost open-pit operation, with substantial further upside from pending and planned drilling as well as an undeclared East Araxá discovery.

The resource remains open in all directions and lies largely within 120 metres of surface in a weathered, free-digging profile that could support favourable mining economics. Management says the expanded scale now compares more favourably with leading global rare earth and niobium deposits, enhancing the project’s strategic relevance as Western economies intensify efforts to secure new supply chains for critical minerals.

The most recent analyst rating on (AU:SGQ) stock is a Hold 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-listed exploration and development company focused on critical minerals, notably rare earth elements and niobium. Its flagship 100%-owned Araxá Project in Brazil is located in the country’s premier niobium-producing region, positioning the company to supply strategic metals to global markets seeking diversified, non-Chinese sources.

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