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Highlights
- Major drilling campaign launched at Araxá Project
- Over 500 intercepts of high-grade rare earths and niobium identified
- Magnetic survey to pinpoint new high-priority drill targets
St George Mining (ASX:SGQ), an emerging player in the critical minerals space, has kicked off a 10,000-metre drilling initiative at its Araxá Project in Brazil, reinforcing its ambitions to scale resource potential in one of the world’s key mining jurisdictions. This development comes as investors increasingly monitor potential growth catalysts within the ASX300 cohort.
Expanding on a Strong Foundation
Located in Minas Gerais, the Araxá Project already holds a JORC-compliant Mineral Resource Estimate (MRE) of 40.64 million tonnes at 4.13% Total Rare Earth Oxides (TREO) and 41.2 million tonnes at 0.68% Nb₂O₅. Yet, exploration to date has only scratched the surface — mineralisation remains open in all directions, with depths beyond 100 metres still largely unexplored.
The newly launched program, spanning 12 to 16 weeks, integrates auger, reverse circulation (RC), and diamond drilling methods. This is designed to advance the high-grade potential of the site, targeting intercepts of up to 8% Nb₂O₅ and 33% TREO previously recorded. More than 500 intercepts of rare earths and niobium have already been identified near the surface, setting a robust stage for significant upgrades to the current resource profile.
Strengthening Geological Understanding
To complement the drilling, a high-resolution airborne magnetic survey is scheduled to begin imminently. This data-intensive effort will cover the entire project area, sharpening the geological model and helping define additional rare earths and niobium targets for future drilling. These initiatives support the company’s broader strategy to evolve into a sustainable supplier of critical metals.
Market Relevance and Outlook
With surging global interest in securing reliable rare earth and niobium supplies, St George’s positioning is increasingly relevant. The Araxá Project’s surface-level, free-digging mineralisation could translate into a cost-efficient, open-pit mining operation with strong ESG compatibility in a region already known for mining infrastructure.
In the context of ASX dividend stocks, exploration firms like St George offer a contrasting, growth-centric profile — potentially aligning well with diversified strategies that span both income and capital appreciation opportunities.
As activity intensifies at Araxá, St George Mining is poised to generate consistent news flow, reinforcing its trajectory as a noteworthy entity among ASX300-focused investors looking for exposure to the critical minerals narrative.
