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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.075 -0.02 (-21.05%)+
Announcement
Release
8 Dec 2025 9:14AM
Price at Release
$0.095
Full Release
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Summary
St George Mining Limited, operating under ASX: SGQ, has reported exceptional assay results from its Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil. The company achieved its thickest high-grade intercept to date with 115.65 meters from the surface in drill hole AXDD016, indicating substantial rare earth and niobium mineralization. These results suggest a significant potential increase in the Mineral Resource Estimate, already impressive with 40.6 million tonnes at 4.13% TREO. The resource is the largest and highest-grade carbonatite-hosted REE resource in South America. The ongoing drilling indicates that the high-grade mineralization is open in all directions, promising significant resource growth and conversion from the Inferred to Indicated category, further solidifying the project's world-class status. The company's successful drilling campaign highlights the robust geological model of Araxá and its potential to support future economic study outcomes.
Key Points
  • Exceptional assay results from ongoing diamond drilling at Araxá Project.
  • Thickest high-grade intercept to date at 115.65 meters in AXDD016.
  • Potential substantial increase in Mineral Resource Estimate.
  • Project features the largest and highest-grade REE resource in South America.
  • High-grade mineralization open in all directions, supporting resource growth.
  • Further resource conversion from Inferred to Indicated category expected.
  • Robust geological model with the potential for significant economic outcomes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.