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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.068 -0.04 (-36.74%)+
Announcement
Release
9 Jan 2026 2:53PM
Price at Release
$0.108
Full Release
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Summary
St George Mining Limited has released its Quarterly Activities Report for the period ended 31 December 2025, highlighting achievements at their Araxá Niobium-Rare Earths Project in Brazil. The company reports significant progress in both expansion and resource definition drilling, showcasing the potential for a substantial increase in the Araxá resource, already noted as the largest and highest-grade carbonatite-hosted rare earth resource in South America. The company also completed a capital raise of A$72,500,000 and announced a collaboration with CEFET University to establish a Technological Centre at Araxá, focusing on sustainable mining and mineral processing. St George holds 100% ownership of several tenements, including Mt Alexander, Lithium Star, Paterson, Ajana, and Destiny projects, with no significant activities reported for these projects during the quarter.
Key Points
  • St George Mining Limited released its Quarterly Activities Report for the quarter ending 31 December 2025.
  • Significant drilling results from the Araxá Project in Brazil, indicating potential for resource expansion.
  • Completed a capital raising of A$72,500,000 for future developments.
  • Collaborating with CEFET University to establish a Technological Centre at Araxá.
  • Holds 100% ownership of multiple mining tenements across various projects.
  • No significant activities reported for other projects during the quarter.
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.