St George Unveils High-Grade Niobium Discovery at Brazil’s Araxá Project

St. George Mining Ltd. ( (AU:SGQ) ) has issued an announcement.

St George Mining has reported a significant high-grade niobium discovery roughly 400 metres northwest of its existing mineral resource at the Araxá Project in Brazil, including a standout drill intercept of 81.5 metres at 1.27% Nb₂O₅ from surface with higher-grade zones up to 7.2% Nb₂O₅. The discovery expands the known footprint of the niobium and rare earths system, confirms mineralisation remains open in all directions, and is expected to feed into a mineral resource estimate upgrade targeted for the first quarter of 2026, supported by round-the-clock drilling with three rigs and numerous assays pending. Importantly for project economics and competitive positioning, the new zone hosts very high-grade mineralisation from surface, enhancing the potential for cost-effective open-pit mining and strengthening Araxá’s appeal as a strategically important source of niobium in a market dominated by Brazilian supply and lacking domestic production in major economies such as the US and China.

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 company focused on rare earths and niobium, with its flagship 100%-owned Araxá Rare Earths and Niobium Project located in the Barreiro Carbonatite mining district of Minas Gerais, Brazil, adjacent to CBMM’s world-leading niobium operation. The company aims to develop a globally significant source of niobium and rare earths, targeting growing demand for critical minerals in major economies that currently lack domestic niobium supply.

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