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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.076 -0.021 (-21.65%)+
Announcement
Release
11 Jun 2026 10:13AM
Price at Release
$0.097
Full Release
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Summary
St George Mining Limited has announced positive results from the initial beneficiation testwork at its Araxá Project in Brazil. The project has yielded high-grade niobium and rare earth concentrates. The niobium flotation testwork produced concentrates with recovery rates comparable to industry standards, while rare earth concentrates achieved a grade of 15.7% TREO. St George aims to capture the full value of the mineralisation by producing commercial products of both niobium and rare earths. The ongoing metallurgical program includes various testworks to refine grades and improve recovery rates, with plans for a large-scale pilot plant. The Araxá Project benefits from a favorable location with access to infrastructure and skilled labor, and St George has secured government support for expedited project approvals.
Key Points
  • High-grade niobium and rare earth concentrates achieved.
  • Niobium flotation testwork resulted in industry-standard recovery rates.
  • Rare earth concentrate achieved 15.7% TREO grade.
  • St George's goal is to produce commercial niobium and rare earth products.
  • Ongoing metallurgical program to enhance grades and recoveries.
  • Large-scale pilot plant scheduled to begin operations by late Q4 2026.
  • Araxá Project located in a region with infrastructure and skilled workforce.
  • Government support secured 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.