Latest news with #StGeorgeMining
West Australian
31-07-2025
- Business
- West Australian
St George jags more rare earths 1km beyond current Brazilian deposit
St George Mining has uncovered a second high-grade rare earths discovery at its world-class Araxá project in Minas Gerais, Brazil. The impressive discovery lies 1 kilometre northeast of its existing 41 million tonne niobium-rare earths resource within the richly endowed Barreiro carbonatite. The breakthrough initial assays from its auger drilling program include grades up to 13.4 per cent total rare earth oxides (TREO), including a standout 13.5-metre intersection at 12.34 per cent TREO from 0.5m in one hole, ending in mineralisation at 13.4 per cent TREO. The new results form part of the company's first 22 auger drill holes for 291m in its latest reconnaissance auger program. Most of the intercepts revealed so far indicate pervasive TREO mineralisation ranging from 0.82m over more than 7m, with a best intercept of 12.34 per cent over 13.5m. Additionally, 16 out of 41 analyses quoted for niobium pentoxide intercepts assayed between 0.2 per cent to a best result of 0.27 per cent niobium pentoxide over a 9m interval. Seventeen results lie between 0.1 per cent and 0.19 per cent niobium pentoxide. These outstanding early scout drilling results point to the potential for substantial expansion of St George's already globally significant Araxá niobium-rare earths deposit, positioning the company as a cornerstone supplier of non-Chinese critical minerals supply chains amid growing global demand. The program's exceptional results include high levels of permanent magnet critical neodymium-praseodymium (NdPr) with values up to 3.33 per cent NdPr and a best NdPr:TREO ratio of 36 per cent, which could prove well-suited to high-performance magnet production. Apart from the best drill hole result, which nailed 13.4 per cent TREO, a longer intercept delivered 14.5m at 1.63 per cent TREO from 0.5m, including 3m at 2.81 per cent TREO from 12m, with a 22 per cent NdPr:TREO ratio. Two other single-metre intercepts assayed 2.91 per cent and 2.06 TREO, with 27 per cent and 17 per cent NdPr:TREO, respectively. The company is awaiting assays for 28 auger holes for a further 348m of drilling. The new discovery in the eastern margin of the project area, near the fringe of the Barreiro carbonatite, is in an undrilled area regarded as highly prospective for rare earths. The laterally widespread high-grade rare earths mineralisation intersected in the eastern margin, even considering the shallow depths of the auger drilling at less than 16m, could represent the surface expression of a larger, underlying mineralised system. The high NdPr ratios highlight the potential for a new source of material vital for rare earth magnet production. Many holes, including the best of the 22 holes reported to date, end in mineralisation, suggesting mineralisation could continue to depth and justify follow-up reverse circulation and diamond drilling. St George's carbonatite-hosted Araxá deposit mirrors other major non-Chinese rare earths mines such as the United States' only rare earths supplier, MP Materials' Mountain Pass deposit in California, as well as Lynas Rare Earths' Mt Weld deposit in Western Australia. With five drill rigs active, St George continues to advance resource expansion and definition drilling to further define the new discovery, underscoring the expansion potential of the greater Araxá area. This discovery looks set to bolster Araxá's status as a world-class rare earths and niobium project and further drilling is justified to confirm the extent and continuity of the mineralisation. The upcoming results from the remainder of the drilling could put further shine on this new project highlight and lay the groundwork for St George's next move. Is your ASX-listed company doing something interesting? Contact:
The Australian
29-07-2025
- Business
- The Australian
StockTake: St George Mining
Stockhead's Tylah Tully looks at the latest from St George Mining (ASX:SGQ), which has delivered a 30kg bulk sample from its Araxa project to a Brazilian Government-backed supply chain program. The MagBras project is focused on establishing a domestic supply chain for rare earth products, and St George's involvement reinforces Araxa's status as one of Brazil's most advanced rare earth projects Watch the video to learn more. This video was developed in collaboration with St George Mining, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
28-07-2025
- Business
- The Australian
Break it Down: St George Mining
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at the latest from St George Mining (ASX:SGQ), who are looking to grow their globally significant rare earth and niobium resources at Araxá. Watch the video to learn more. While St George Mining is a Stockhead advertiser, it did not sponsor this content.
West Australian
14-07-2025
- Business
- West Australian
St George drills Brazilian target amid global rare earths ambitions
St George Mining has development studies in full swing at its Araxa niobium and rare earth elements project in Brazil's premier mining state of Minas Gerais, as part of a global push to find new supplies. The company's inaugural drilling campaign is charging ahead, with 40 auger holes on a 500-metre grid completed for 512m as part of a reconnaissance program to test areas beyond the current resource envelope. A total of 404 samples have been sent for assay, with initial results expected this month. The results from the first 100 samples are slated to be available by the end of the month. St George also launched a reverse circulation drilling program last Friday, comprising a planned 2500m, focused on infill drilling for its JORC-compliant mineral resource estimate of 40.64 million tonnes averaging 4.13 per cent total rare earth oxides (TREO), containing 1.7Mt TREO. The resource includes 320,000 tonnes of high-demand neodymium-praseodymium at a combined grade of 7800 parts per million (ppm). The key rare earths are used to manufacture permanent magnets. A 7200m diamond drilling campaign is set to begin in three weeks to further delineate high-grade zones and provide metallurgical samples. St George has completed a 270-line-kilometre drone-borne aeromagnetic survey. Brazilian processing company Geoscan is mapping the structural features, lithological boundaries and mineralised zones to refine the geological model of the host carbonatite and locate new drill targets. St George has also advanced its environmental studies to expedite open-pit mine permitting through which the company hopes it can leverage early development of the deposit's near-surface high-grade niobium, which is up to 8.29 per cent niobium pentoxide and rare earths mineralisation up to 32.98 per cent TREO. The environmental work includes flora and cave studies, alongside ongoing air quality and noise monitoring, to further support the company's permitting obligations. Araxa's strategic location near Brazilian explorer Companhia Brasileira de Metalurgia e Mineração's (CBMM) world-leading niobium operations ensures access to robust infrastructure, including power and transport, and a skilled workforce, which will ease St George's development pathway. CBMM specialises in processing niobium from its pyrochlore mine near the city of Araxa and just a few kilometres south of St George's Araxa operation. St George's project hosts high-grade mineralisation, which remains open in all directions, positioning it for a significant mineral resource expansion and enhancing its status as a globally significant niobium and rare earths resource. Global demand for rare earths is surging, driven by China's April 2025 export controls on rare earths and Chinese-manufactured rare earths magnets, which until recently have supplied up to 90 per cent of global demand. In response, the United States Department of Defence has invested US$400 million (A$610 million) in MP Materials' Mountain Pass mine, the US's only operating rare earths mine. The investment, which includes a 15 per cent stake and a US$150 million (A$229 million) loan for a new processing facility, underscores Western efforts to secure non-Chinese rare earths supply chains. St George Mining's executive chairman John Prineas said: ' We are excited to be progressing development activities at a time when the geopolitical background is driving unprecedented interest to establish rare earths supply chains ex-China – as seen last Friday with a landmark multi-billion-dollar investment by the US Department of Defence in MP Materials.' In Brazil, St George participates in the MAGBRAS initiative, a Brazilian government-backed program focused on establishing a domestic supply chain for rare earth products, including permanent magnets. St George Mining is participating as a potential supplier. The company is also working with leading Brazilian scientific agency SENAI and the Federation of Industries of Minas Gerais to establish a sustainable rare earths supply chain, including for magnet production. Araxa's high neodymium-praseodymium content aligns it with the initiative and positions St George as a key supplier. It opens the possibility of government support for expedited approvals and, with an experienced in-country team, puts the project in a rare position to capitalise on favourable logistics and current global market dynamics. If the stars align favourably, the opportunity to meet critical supply chain vulnerabilities and support the clean energy and defence sectors could boost St George's profile and fortunes. Is your ASX-listed company doing something interesting? Contact:
South China Morning Post
08-07-2025
- Business
- South China Morning Post
China's rare earth dominance faces global pushback but Beijing has ‘strong hand': analysts
Beijing's recent export controls on rare earths have spurred a flurry of international efforts to diversify supply chains and reduce China's long-standing dominance in critical minerals. Advertisement In June, the Ministry of Commerce announced that it would approve qualified export applications and was open to discussions with other countries regarding the restrictions. But as rare earths emerge as a new front in the US-China rivalry, companies worldwide have announced plans for a string of projects designed to break dependence on Chinese supplies. On July 2, the Australia-listed St George Mining announced in an email that it had begun identifying enriched mineral zones at its fully-owned Araxá niobium-rare earth elements project in Brazil. Two weeks earlier, US companies Kaz Resources and Cove Kaz Capital issued a statement about their partnership with Kazakhstan's national geological company to explore and hold metallurgical tests at the Akbulak rare earth project. To fund a rare earth project in southern Greenland, the Nasdaq-listed Critical Metals Corp said in June that it had secured a loan of up to US$120 million from the US Export-Import Bank. Advertisement
