St George boosts global reach with Frankfurt listing and high-grade rare earths
No new shares were issued for the listing, with the ASX remaining St George's primary exchange. St George also appointed investor relations agency Dr Reuter IR to spearhead engagement in Germany, Austria and Switzerland.
The move aligns with the company's strategy to leverage its Araxá project in Brazil, a globally significant rare earths and niobium asset. St George acquired Araxá in February. The standout project is in the Brazilian state of Minas Gerais, adjacent to CBMM's world-leading niobium operations.
Araxá's JORC-compliant 40.6-million-tonne resource grading at 4.13 per cent total rare earth oxides (TREO) and 41.2Mt at 0.68 per cent niobium pentoxide ranks it among the world's largest and highest-grade hard-rock rare earths deposits.
Notably, shallow scout auger drilling 1 kilometre northeast of the main resource has intercepted exceptional grades, including 13.5 metres at 12.34 per cent TREO and up to 3.33 per cent neodymium-praseodymium (NdPr), with NdPr-to-TREO ratios reaching 35 per cent.
St George immediately followed up the July results with reverse circulation and diamond drilling to begin exploring the deposit's extent.
Global supply chain shocks, triggered by China's export restrictions on rare earths and magnets, have intensified interest in non-China sources.
Dr Reuter IR chief executive officer Dr Eva Reuter noted St George's timing was ideal for engaging with European investors, as industries seek secure rare earth supply chains and investors pursue high-quality critical minerals companies.
Araxá's carbonatite-hosted deposit, broadly similar to MP Materials' Mountain Pass project in California and Lynas' Mt Weld project in Western Australia, offers timely competitive advantages, especially with its high-grade mineralisation starting at surface.
Past drilling results at Araxá confirm more than 500 intercepts grading better than 1 per cent and up to 8 per cent niobium pentoxide, accompanied by up to 33 per cent TREO.
The Araxá project benefits from regional infrastructure, a skilled workforce and has support via a Brazilian government funding initiative and a cooperation agreement with Minas Gerais for expedited approvals.
St George is also exploring US market opportunities, including potential listings and downstream partnerships for rare earths and niobium products. It could potentially build on other recent models, such as the US Defence Department's recent $400 million investment in MP Materials' Mountain Pass project and the company's magnet supply deal with Apple.
The Frankfurt listing catapults St George into a prime position to attract European capital, amplifying its role as a non-China alternative for critical minerals.
With Araxá's high-grade rare earths and niobium hosted in the carbonatite-rich Barreira complex, St George is well-positioned to meet global demand, supported by strategic partnerships and ongoing drilling to unlock further value.
Is your ASX-listed company doing something interesting? Contact:
matt.birney@wanews.com.au
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
an hour ago
- News.com.au
Breville manufacturing to shift away from China in Trump tariff manoeuvre
Australian coffee machine manufacturer Breville has confirmed it will move more of its production away from China to Mexico, Indonesia and other zones in a stark example of Donald Trump's power to reorganise world trade. The ASX-listed $5bn manufacturer confirmed the dramatic change in its latest results for the 2025 financial year, crediting the threat from the US President's new tariff regime for its decision to pursue and extend a 'manufacturing diversification program'. Mr Trump has slapped harsh new tariffs on goods imported into the US from China to correct what he sees as unfair trade practices. Breville CEO Jim Clayton told the market on Wednesday morning that manufacturing locations were emerging in Mexico and Southeast Asia to 'complement China'. The company manufactures kitchen appliances in China and its largest market is the US, leaving it vulnerable to tariff shocks. A tariff is a tax placed on imports and for manufacturers, it raises the price of their goods for their consumer base. Despite the move into Mexico and Indonesia, the company said in its guidance for the next financial year that it would remain exposed to tariff uncertainty and the taxes would likely hit the business. 'Diversification of manufacturing for 120-volt product is progressing well. However, the tariffs impacting these new locations are becoming clearer, but remain subject to change,' the company said. 'Based on the current fact set, the group will face a significant input cost increase in 2026 and 2027 for US-based sales. 'In the face of this challenge, we are actively pursuing cost mitigants including (free on-board) reductions, diversified sourcing locations, distribution channel adjustments and taking price where appropriate.' The US has also put hefty tariffs on Mexico and Indonesia of 25 per cent and 19 per cent respectively. Breville said it was 'too early to predict' how global trade would develop in the next 12 to 18 months, but there would 'undoubtedly' be higher input costs for US products coupled with 'potential second- and third-order effects globally'. The company said its diversification push would extend into 2026 and 2027. Breville reported healthy profits for 2025, which it credited to a 'tactical pull forward of US inventory' to avoid Mr Trump April tariff announcement. Revenues lifted 10.9 per cent to hit $1.7bn, while net profits after tax jumped 14.6 per cent to $135.9m. Earnings before interest, tax, depreciation and amortisation also lifted 10.8 per cent to $271.9m. Shareholders will receive a dividend of 37c per share for the year, the company said. Shares in the company tumbled 4.2 per cent in morning trade to $35.09 a share, wiping out some $217m from its market value. The business held $105.7m in cash as of June 30.
AU Financial Review
19 hours ago
- AU Financial Review
Hiked visa fees the latest hit to foreign student numbers
A leading international education expert says European and Asian countries have been capitalising on Australia's restrictive international education policies, as English-language colleges collapse following a significant hike in visa fees. Australia's higher education sector has been under increasing pressure over international students, amid a perception it has been more interested in chasing revenue from overseas pupils rather than pursuing their core mission of providing quality education.
Sydney Morning Herald
a day ago
- Sydney Morning Herald
White House love-in moved war in right direction – but potential dealbreaker looms
Washington: If the purpose of today's European mission to the White House was to prevent Donald Trump tilting in favour of Vladimir Putin after their Alaskan adventure, then it may broadly be considered a success, even if the tangible outcomes are difficult to discern. The visitors were warmly welcomed, including Volodymyr Zelensky, whose last trip to the Oval Office ended catastrophically. This time it ended with laughter and a strong handshake. Zelensky called it the best of his meetings with Trump so far. Likewise, the Europeans showered Trump with gratitude for hosting them and expending his time and energy on trying to solve the war. They praised him for being the only person who could co-ordinate with Putin and get him to a negotiating table. That is now what Trump intends to do. He has signalled a meeting between Putin and Zelensky, followed by a three-way that he would join, which according to Zelensky is the sequencing Russia offered. Zelensky says he's happy to do so. No date or location is set. On the central question of how to protect Ukraine from a future invasion if a deal is reached, the Europeans appeared to extract from Trump a vague commitment to US involvement – though you wouldn't want to place any bets on it. In a social media post, he was clear: Europe would lead any peacekeeping force. At best, the US would play a 'co-ordinating' role, whatever that means. The Financial Times reported the Ukrainians were essentially proposing to buy US security guarantees by promising to purchase $US100 billion ($154 billion) worth of American weaponry, financed by Europe, likely to include the Patriot air defence systems Zelensky wants and needs. And Trump noted: 'We're not giving [away] anything. We're selling weapons.' There was chatter about 'NATO-like' security guarantees that would bind signatories to come to Ukraine's aid if Putin – or someone else – tried it on again. This is in lieu of letting Kyiv into NATO, which remains very much off the table. The situation has echoes of the memorandum signed in Budapest in 1994, when Ukraine agreed to relinquish its Soviet-era nuclear arsenal in return for security 'assurances' from Russia, the US and United Kingdom. However, Ukraine did not get what it initially sought – a guarantee of military intervention if its territorial sovereignty was breached. Rather, the signatories agreed to respect Ukraine's borders and refrain from using military or economic force against it – a commitment Russia plainly violated years later.
