St. George Mining Ltd. ( (AU:SGQ) ) has shared an announcement.
St George Mining Limited has announced a maiden JORC-Compliant Mineral Resource Estimate for its Araxá Project in Brazil, revealing a significant high-grade niobium and rare earths deposit. The resource estimate confirms 41.2 million tonnes of niobium and 40.6 million tonnes of total rare earth oxides, highlighting the project’s potential for low-cost open-pit mining due to its shallow depth. The deposit’s location in an established mining district and the presence of high-value magnet rare earths further enhance its development prospects. The company plans to conduct further drilling in 2025 to expand the resource and upgrade the resource classification, aiming to solidify its position in the global market for these critical minerals.
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 niobium and rare earth elements, with a market focus on globally significant deposits. The company is positioned in the world’s premier niobium-producing region, emphasizing its strategic importance in the global niobium and rare earths sector.
YTD Price Performance: 25.00%
Average Trading Volume: 32,000
Technical Sentiment Signal: Hold
Current Market Cap: €29.43M
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