St George Mining (ASX: SGQ) Development Update: Worley Appointed for Araxá Feasibility Studies 🚀

St George Mining has appointed global engineering giant Worley (ASX: WOR) as technical adviser for feasibility and development studies at its world-class Araxá Rare Earths–Niobium Project in Brazil — a major step toward fast-tracking development.

🔎 Key Highlights

• Worley Engenharia appointed to provide engineering & project management services for Araxá • Scope includes metallurgy, process engineering, mine planning, plant design & construction support • Araxá hosts a world-class Mineral Resource of 70.91Mt @ 4.06% TREO & 0.62% Nb₂O₅ • Project located adjacent to CBMM’s world-leading niobium operations in Minas Gerais, Brazil • St George assembling a high-calibre in-country team with former CBMM experts • Strong government support and established infrastructure support potential fast-track development • Ongoing studies advancing toward a potential niobium & rare earths mining operation

📊 Market Snapshot

Share Price: $0.117 Market Cap: $452.25M

🚀 Investor Takeaway

The appointment of Worley marks another major milestone for SGQ as Araxá rapidly advances from exploration success toward development. With world-class scale, strategic location, and growing engineering momentum, Araxá is emerging as one of the standout global rare earths & niobium projects.

🔗 Read more: https://colitco.com/st-george-mining-appoints-worley-to-drive-araxa-feasibility-studies/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

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