Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from St. George Mining Ltd. ( (AU:SGQ) ) is now available.
St George Mining Limited has announced a significant discovery of high-grade rare earth elements at its Araxá Project in Brazil, with initial assays revealing grades up to 13.4% TREO. This discovery, located 1km from the existing deposit, indicates a substantial extension to the known mineral resource, enhancing the project’s potential and positioning it alongside major global rare earth deposits. The company plans to prioritize follow-up drilling to further delineate the extent of this new mineralized area, which could significantly augment the existing JORC compliant resource.
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 mineral resources. Its primary products include rare earth elements, with a significant market focus on expanding its resource base at the Araxá Project in Minas Gerais, Brazil.
Average Trading Volume: 16,442,151
Technical Sentiment Signal: Hold
Current Market Cap: A$109.6M
Find detailed analytics on SGQ stock on TipRanks’ Stock Analysis page.