📢 ST GEORGE MINING LIMITED (ASX: SGQ) ADVANCES ARAXÁ RARE EARTHS PROJECT — STRATEGIC ALTERNATIVE TO CHINA SUPPLY AS GLOBAL SHORTAGES LOOM

St George Mining Limited (ASX: SGQ) has reaffirmed the strategic importance of its 100%-owned Araxá Project in Minas Gerais, Brazil, as global supply chains reel from China’s latest export restrictions on rare earth elements and permanent magnets.

The Araxá Project hosts a globally significant Mineral Resource of 40.64Mt @ 4.13% TREO, making it one of the largest and highest-grade hard-rock rare earth deposits outside China.

The project features:

✅ High NdPr grade of 0.78% (320,000t contained) — critical for permanent magnets ✅ Mineralisation from surface — suitable for low-cost open-pit mining ✅ Excellent logistics — located in a Tier-1 mining jurisdiction with infrastructure access ✅ Untested mineralisation below 100m — upside potential with imminent drilling ✅ Participation in MAGBRAS — Brazil’s first permanent magnet-making initiative, alongside auto giant Stellantis

⚒️ Development Roadmap — Araxá Project 2025:

• Expansion drilling campaign commencing soon
• Comprehensive metallurgical testwork in progress
• Flow sheet design for REE and niobium production underway
• Partnering with Brazil’s rare earths ecosystem to secure downstream processing pathways

🗣️ Executive Chairman John Prineas commented:

“China’s tightened controls over rare earth exports have exposed the risks of single-source supply chains. Our Araxá Project stands out as a sustainable, high-grade alternative that can support global industries dependent on these critical materials. With development studies underway and further drilling on the horizon, St George is well-positioned to contribute to the next generation of rare earths supply.”

🏅 Project Highlights:

• Among the top-tier hard-rock rare earth deposits globally
• Peer comparison shows competitive grade and size vs. Lynas (Mt Weld), MP Materials (Mountain Pass), and Arafura (Nolans)
• Part of Brazil’s national strategy to unlock rare earth value chains

👣 Next Steps:

St George will begin resource expansion drilling in the coming weeks, with a focus on the deeper extensions of the deposit and further metallurgical refinement to support development planning. The company continues to collaborate with MAGBRAS and other stakeholders to position Brazil as a leader in permanent magnet production.

📈 Investor’s Outlook:

With a significant JORC-compliant resource, high-value NdPr grades, strategic partnerships, and a robust development plan, St George Mining offers investors early exposure to a globally strategic rare earths asset amid rising geopolitical tensions and accelerating demand.

💰 ASX: SGQ last traded at A$0.023.

🔗Read more: https://stgm.com.au/pdf/d3932b0b-0e77-4271-92c7-9c695413f224/Rare-Earths-Deposit-at-Araxa-Strategic-Importance.pdf

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