InvestSMART

St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.091 -0.009 (-9%)+
Announcement
Release
6 Jan 2026 9:23AM
Price at Release
$0.100
Full Release
download
Summary
St George Mining Limited has reported significant progress in its Araxá Rare Earths and Niobium Project, located in Minas Gerais, Brazil. Recent diamond drilling results have revealed substantial high-grade mineralisation, promising an increase to the current Mineral Resource Estimate (MRE). Drill hole AXDD027 notably showed 128.6m at 4.87% Total Rare Earth Oxides (TREO) from the surface. The resource's robust nature is highlighted by consistent high-grade intersections across the project area, extending beyond previously defined limits, indicating potential for future expansion both laterally and at depth. The Araxá Project benefits from its location within the Barreiro Carbonatite complex, adjacent to CBMM's leading niobium mining operations, and is supported by Brazilian infrastructure and a skilled workforce. St George is actively working on further exploration and maintaining continuous drilling to define and expand this world-class resource, all underpinned by governmental and community support.
Key Points
  • Exceptional assay results from Araxá Rare Earths and Niobium Project.
  • Significant high-grade mineralisation found in drill hole AXDD027.
  • Project located within Barreiro Carbonatite, adjacent to CBMM operations.
  • Continuous drilling underway with the potential for resource expansion.
  • Government and community support for the project's development.
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.