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St George Mining Limited (ASX:SGQ)

ALERT: Price-sensitive ASX Announcement for SGQ
Current share price for SGQ : $0.093 -0.047 (-33.57%)+
Announcement
Release
12 Mar 2026 8:29AM
Price at Release
$0.140
Full Release
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Summary
The document provides an update on St George Mining Limited's (SGQ) strategic activities surrounding the Araxá Rare Earths Project. Notably, the company has formed a strategic alliance with Brazilian firm Nanum Nanotecnologia to explore the commercialization of the cerium component of the rare earths deposit. This involves leveraging Nanum's proprietary technology for test work to process cerium from Araxá into a commercial product, with the possibility of an offtake agreement. Additionally, the document confirms that there are no material changes to the mineral resource estimates from previous reports and emphasizes the ongoing nature of due diligence and commercial negotiations related to the project. Forward-looking statements in the document highlight potential risks and uncertainties, emphasizing that actual outcomes may differ from predictions.
Key Points
  • Strategic alliance with Nanum Nanotecnologia for cerium commercialization.
  • Test work to assess potential processing of cerium from Araxá.
  • Potential offtake agreement contingent on formal negotiations.
  • No new material changes to mineral resource estimates.
  • Emphasis on forward-looking statements and associated risks.
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.