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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.074 -0.036 (-32.73%)+
Announcement
Release
8 Jan 2026 9:23AM
Price at Release
$0.110
Full Release
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Summary
St George Mining Limited has announced the discovery of high-grade niobium outside the existing Mineral Resource Estimate (MRE) at its 100%-owned Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil. The discovery includes a significant intercept of 81.5 meters at 1.27% Nbâ‚‚Oâ‚… from the surface, highlighting the potential for expanding the niobium mineral system. The project is situated in Brazil's Barreiro Carbonatite, a globally significant niobium-producing region, and is expected to bolster St George's position in the global niobium market, especially given the lack of domestic niobium supply in major economies like the United States and China. The Araxá Project's logistics are favorable to open-pit mining, and ongoing drilling aims to further define and expand the resource. The project also benefits from existing infrastructure and government support for expedited project approvals.
Key Points
  • Discovery of high-grade niobium outside existing MRE
  • Significant intercept of 81.5m at 1.27% Nb2O5 from surface
  • Project located in Brazil's Barreiro Carbonatite
  • Potential for expanding the niobium mineral system
  • Favorable logistics for open-pit mining
  • Lack of domestic niobium supply in US and China
  • Ongoing drilling to further define and expand the resource
  • Support from Brazilian government for expedited project approvals
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.