🚀 St George Confirms High-Grade Rare Earths Discovery at Araxá — Resource Expansion Underway

St George Mining Limited (ASX: SGQ) has announced a major high-grade rare earths discovery at its 100%-owned Araxá Project in Brazil, with assay results from the first 22 auger holes returning grades up to 13.4% TREO and NdPr values up to 3.33%. The new zone sits 1km east of the existing JORC resource, confirming significant expansion potential.

💡 Key Highlights:

✅ New REE zone confirmed 1km outside current 40.64Mt @ 4.13% TREO JORC Resource ✅ Auger drilling returns 13.5m @ 12.34% TREO from just 0.5m depth ✅ High NdPr to TREO ratio up to 35% — ideal for magnet rare earth production ✅ World-class carbonatite-hosted system, same style as Mt Weld and Mountain Pass ✅ 5 rigs active on site — auger, RC, and diamond drilling underway ✅ 28 more holes pending assay — further expansion expected

🛠️ Strategic Path Forward:

With five rigs drilling and more assays on the horizon, St George is aggressively advancing the Araxá Project to define one of the largest and highest-grade rare earth systems outside China. The discovery enhances St George’s profile as a serious player in the global magnet REE space.

📊 Investor Outlook: Trading at $0.041 with a market cap of ~$109.6Million, St George is now positioned at the forefront of the rare earths sector. The high-grade, near-surface discovery not only adds immediate value but also underpins future development potential in a critical supply chain for global electrification and defence.

🔗 Read More: https://colitco.com/st-george-mining-uncovers-high-grade-rare-earths-1km/

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

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