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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.078 -0.013 (-14.29%)+
Announcement
Release
25 Aug 2026 9:21AM
Price at Release
$0.091
Full Release
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Summary
St George Mining Limited has announced the commencement of the permitting process for its Araxá Project in Minas Gerais, Brazil, a significant milestone toward developing a niobium and rare earths mine. The company has lodged the Environmental Impact Assessment (EIA) and Environmental Impact Report (RIMA) with the State Environmental Foundation (FEAM), marking the start of a three-stage licensing process needed to construct and operate the mine. The project aims to develop a high-grade mineral resource, noted for its environmentally sustainable practices with minimal impact due to free-digging mineralization. The initial stages of licensing are expected to complete within 12 months, with construction projected to begin in the second half of 2029. St George is simultaneously advancing a feasibility study led by Worley and evaluating alternative development pathways, including the use of existing regional processing facilities. The company's commitment to sustainable mining practices is underlined by extensive environmental and community surveys, ensuring that the project aligns with best environmental practices.
Key Points
  • St George Mining Limited commences permitting for Araxá Project.
  • Lodges Environmental Impact Assessment and Report with FEAM.
  • Three-stage licensing process for mine development initiated.
  • High-grade mineral resource with minimal environmental impact.
  • Feasibility study and alternative pathways under evaluation.
  • Expected completion of initial licensing stages within 12 months.
  • Construction projected for second half of 2029.
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.