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Highlights:
St George Mining announces a mineral resource estimate for the Araxá Project.
The deposit contains niobium and rare earth elements within a weathered rock profile.
Plans are in place for further exploration and resource expansion.
St George Mining Ltd (ASX:SGQ) has released a mineral resource estimate for the Araxá Project in Brazil, featuring substantial niobium and rare earth element content. The deposit, located in a region known for mineral production, presents a significant resource base. Mineralisation remains open in all directions, with deeper exploration expected to further define its extent.
Mineral Resource Estimate
The recently announced estimate highlights a substantial quantity of niobium and total rare earth oxides (TREO). The deposit is primarily contained within the upper weathered rock layers, making it suitable for surface extraction. The composition includes high-value magnet rare earth oxides such as neodymium, praseodymium, dysprosium, and terbium. These elements are essential for advanced technologies, including electronics and renewable energy applications.
Global Positioning and Strategic Importance
Executive chair John Prineas stated that the project establishes ASX:SGQ as a significant entity in the rare earth and niobium markets. Drill results have indicated exceptionally high-grade intersections, reinforcing the project’s standing among the leading niobium and rare earth deposits worldwide.
The mineralisation remains largely untested beyond shallow depths, presenting further exploration scope. St George Mining plans to expand drilling efforts to determine the full extent of the resource and improve classification under industry reporting standards.
Development Plans and Infrastructure Advantages
The Araxá Project is located within a well-established mining region, offering infrastructure advantages that support an accelerated development timeline. St George Mining has secured collaboration with a global engineering, procurement, and construction partner to assist with feasibility assessments and project planning.
The company intends to conduct further exploration to refine resource estimates and enhance project development strategies. Additional drilling is scheduled, focusing on expanding mineralisation and increasing confidence levels in the current estimate.
Future Exploration and Next Steps
St George Mining has outlined plans for an extensive drilling program to further delineate resources and improve classification categories. The project’s location near existing industrial infrastructure provides logistical efficiencies that could aid future development.
With its strategic position in the asx, Mining Stocks sector, ASX:SGQ aims to continue advancing its exploration activities while assessing development pathways for the Araxá Project.
