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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.096 -0.039 (-28.89%)+
Announcement
Release
11 Mar 2026 9:22AM
Price at Release
$0.135
Full Release
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Summary
St George Mining Limited has announced further outstanding assay results from its Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil. These results highlight the project's potential as a world-class niobium and rare earths development opportunity, with high-grade mineralization commencing from the surface. The dual focus on rare earths and niobium is significant given the geopolitical importance of these critical metals, particularly as neither China nor the US have domestic supplies of niobium. The Araxá Project benefits from its location near CBMM’s niobium mine, which supplies the majority of the world’s niobium, providing strategic advantages. Continued drilling has yielded high-grade intercepts, supporting confidence in further resource upgrades.
Key Points
  • St George Mining Limited reports high-grade niobium and rare earth mineralization from the Araxá Project.
  • The project is located near CBMM's mine, the world's leading niobium producer.
  • Recent assays reveal significant niobium intercepts such as 130.5m at 0.55% Nb2O5 from surface.
  • The Araxá Project is strategically important due to the lack of domestic niobium supplies in major countries like China and the US.
  • Ongoing drilling continues to confirm thick, high-grade mineralization, suggesting potential for further resource upgrades.
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.