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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.066 -0.013 (-16.46%)+
Release
29 Jul 2026 9:13AM
Price at Release
$0.079
Full Release
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Summary
St George Mining Limited has announced its most spectacular drill results to date from its 100%-owned Araxá Rare Earths and Niobium Project in Brazil. The latest assays confirm extensive high-grade mineralization, with a record intercept of 207 meters of continuous high-grade rare earths and niobium mineralization from surface. Highlights include 135.1 meters at 4.86% Total Rare Earth Oxides (TREO) and 20.0 meters at 12.65% TREO from surface. These results bolster the potential for a substantial open-pit mining operation, as the high-grade material is easily accessible and requires minimal pre-stripping. The Araxá Project remains a significant asset due to its strategic location and the dual focus on critical metals, rare earths, and niobium. The company plans to incorporate these results into an updated Mineral Resource Estimate, supporting further economic assessments and development studies.
Key Points
  • St George Mining announces significant drill results at Araxá.
  • Record intercept of 207m of continuous mineralization from surface.
  • High-grade rare earths and niobium mineralization confirmed.
  • Potential for large-scale open-pit mining operation.
  • Strategic location with dual focus on rare earths and niobium.
  • Upcoming Mineral Resource Estimate upgrade planned.
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.