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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.065 -0.017 (-20.73%)+
Announcement
Release
11 Aug 2026 9:03AM
Price at Release
$0.082
Full Release
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Summary
St George Mining Limited has announced a significant 155% increase in the measured and indicated resources at their Araxa Project. This increase is indicative of the project's substantial potential in rare earth elements, particularly in the context of global supply needs. The updated resource estimate features enhanced grades of total rare earth oxides, which underscores the project's viability and the strategic importance of its further development. This resource update is expected to bolster St George Mining's position within the rare earth element market and provide a strong basis for future exploration and potential economic extraction.
Key Points
  • 155% increase in measured and indicated resources
  • Significant potential for rare earth elements at Araxa Project
  • Enhanced grades of total rare earth oxides reported
  • Strategic importance in global rare earth markets
  • St George Mining's strengthened position in the market
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.