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12 stories mentioning ASX:SGQUpdated 22d ago

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Asia

St George Mining Uses Brazil Niobium-Rare Earths Project Saprolite Material in Pilot Plant Study; Shares Fall 7%

St George Mining (ASX:SGQ) said an around 9 tonnes of near-surface saprolite material from the Araxá niobium-rare earths project in Brazil is being used in a pilot plant study, which commenced at CIT-SENAI, according to a Wednesday Australian bourse filing.The niobium concentrate from the pilot plant study will undergo downstream processing test work targeting ferroniobium, the company said.The rare-earth-enriched niobium flotation tailings will be evaluated through downstream hydrometallurgical testwork targeting an intermediate product such as mixed rare earth carbonate or rare earth oxalate, per the filing.The mining exploration company's shares fell past 7% in recent trading on Wednesday.

ASX:SGQ
Asia

St George Mining Enters Agreement for Assessment of Potential Brazil Rare Earths Processing Hub

St George Mining (ASX:SGQ) entered into a collaboration agreement with the Lima & Pergher Group to jointly assess the potential to establish the Minas Gerais Rare Earths Processing Center in Brazil, to provide processing services to rare earths mining projects, according to a Thursday Australian bourse filing.The Brazilian state of Minas Gerais plans to support the initiative via help with licensing procedures, promoting relationships with suppliers and service providers, and supporting applications for state tax incentives.St George will provide technical expertise to assist with the design of the center, as well as provide feedstock for processing at the center from the Araxá project.

ASX:SGQ
Asia

St George Mining Starts Permitting Process for Brazil Project

St George Mining (ASX:SGQ) said the permitting process for a potential mining and industrial operation at its Araxá project in Brazil started with the submission of an Environmental Impact Assessment (EIA) and Environmental Impact Report (RIMA) with the State Environmental Foundation of Minas Gerais, according to a Tuesday Australian bourse filing.The company said the submission of the EIA and RIMA is the first step in the multi-stage licensing process administered by the State of Minas Gerais, aimed at securing the preliminary, installation and operation licenses required to construct, commission and operate a mine and industrial complex at the Araxá project.The company's shares rose 2% in recent Tuesday trade.

ASX:SGQ
Asia

St George Mining Reports 57% Increase in Brazil Project Mineral Resource; Shares Jump 6%

St George Mining (ASX:SGQ) reported a 57% increase in the total mineral resource estimate (MRE) for its Araxá Project in Brazil to 111.2 million tonnes at 3.6% total rare earth oxide (TREO) and 0.6% niobium pentoxide, according to a Tuesday Australian bourse filing.The company said the measured and indicated resource stands at 75 million tonnes at 0.6% niobium pentoxide for 435,000 tonnes of contained niobium pentoxide, comprising 68% of the total MRE, with the updated MRE including a higher-grade subset of 830,000 tonnes of TREO above 6.3% grade and 120,000 tonnes of niobium pentoxide with grades above 0.9%.The higher-grade subset provides optionality for mine scheduling, including targeting high-grade zones in initial years of potential mining, with the East Araxá discovery not yet included in the new MRE and five diamond rigs operating to deliver a maiden resource estimate in the fourth quarter of 2026, the filing added.The mining exploration company's shares jumped past 6% in recent Tuesday trade.

ASX:SGQ
Asia

St George Mining Identifies High-Grade Rare Earth, Niobium Mineralization in Brazil Project, Shares Down 4%

St George Mining (ASX:SGQ) identified high-grade mineralization from the surface at its Araxá project in Brazil with the release of assay results from diamond drilling, according to a Wednesday Australian bourse filing.The results were of up to 135.1 meters at 4.86% total rare earth oxide from surface and 150.2 meters at 0.72% niobium pentoxide from surface, with the assays to feed into an updated mineral resource estimate for Araxá due for completion this quarter.The company's shares fell 4% in recent Wednesday trade.

ASX:SGQ
Asia

St George Mining Confirms High-Grade Mineralization at Brazil Project; Shares Up 3%

St George Mining (ASX:SGQ) confirmed high-grade mineralization from surface at its Araxá project in Brazil with the release of assay results from diamond drilling, according to a Wednesday filing with the Australian bourse.Assays for 23 diamond drill holes returned the thickest intercept to date, with nearly 200 meters of continuous mineralization from surface including 60 meters at about 4% total rare earth oxides (TREO) and 0.5% niobium pentoxide from surface, 15 meters at 3.3% TREO and roughly 1% niobium pentoxide from 36 meters, the filing said.Eight of the holes were drilled outside the current mineral resource estimate, extending the known mineralized footprint by up to 200 meters to the north, per the filing.The company's shares gained 3% in recent Wednesday trade.

ASX:SGQ
Asia

St George Mining Secures Commitments for AU$60 Million Institutional Share Placement

St George Mining (ASX:SGQ) secured firm commitments to raise a gross AU$60 million through a dual-tranche institutional placement of 600 million ordinary shares at AU$0.10 each, according to a Wednesday filing with the Australian bourse.The placement is supported by the company's largest shareholder, Hancock Prospecting, which has committed to subscribe for AU$20 million worth of shares, per the filing.Following completion, Hancock will hold a roughly 10.5% stake in St George Mining.In the first tranche, the company will issue about 424.5 million new shares to raise around AU$42.4 million. Under the second tranche, it will issue about 175.5 million shares to raise around AU$17.6 million, subject to shareholder approval.St George Mining will use the proceeds to develop its high-grade rare earth and niobium Araxá project in Brazil.

ASX:SGQ
Asia

St George Mining Generates High-Grade Niobium Concentrates from Beneficiation Testwork at Brazil Project

St George Mining (ASX:SGQ) said flotation beneficiation testwork at its Araxá project in Brazil generated high-grade niobium concentrates with recovery rates that are comparable to industry standards, according to a Thursday filing with the Australian bourse.The initial testwork comprised open-circuit flotation and achieved 39.6% niobium pentoxide concentrate grade at 54.3% flotation recovery, and 40.2% niobium pentoxide concentrate grade at 46% flotation recovery, per the filing.Open-circuit beneficiation testwork also achieved a rare earth concentrate stream with a grade of 15.7% total rare earth oxides.The next phase will include locked-cycle and recycle flotation testwork to optimize the beneficiation with increased recovery and grades, the company said.Shares of St George Mining gained 2% in recent Thursday trade.

ASX:SGQ
Asia

St George Mining to Buy ATL's Shareholding in Lithium Star JV in AU$2 Million Share Deal

St George Mining (ASX:SGQ) said it will buy Amperex Technology's (ATL) shareholding in the Lithium Star joint venture in an all-share deal, priced at AU$0.16 per share, a 36% premium to the 30-day volume-weighted average price, as part of the restructure of the joint venture, according to a Tuesday Australian bourse filing.The company said under the restructure, it will acquire ATL's 10% shareholding in Lithium Star for total consideration of AU$2 million, satisfied by the issue of 12.5 million St George shares at AU$0.16 per share, subject to shareholder approval at a general meeting set for early July.

ASX:SGQ
Asia

St George Mining Appoints Worley For Brazil Niobium-Rare Earths Project Technical Advisory Services

St George Mining (ASX:SGQ) appointed Worley (ASX:WOR) subsidiary Worley Engenharia to provide technical advisory services for the potential development of a niobium and rare earths mine at its Araxá project in Brazil, according to a Wednesday Australian bourse filing.St George Mining Brasil, a wholly-owned unit of St George, entered into a technical services agreement with Worley Engenharia, under which Worley will provide engineering and project management advice to support development studies.St George also engaged metallurgical experts in Australia to provide advice on metallurgical matters and serve as the competent persons for metallurgy disclosures.

ASX:SGQASX:WOR
Asia

St George Mining's Diamond Drilling at Brazil Rare Earths-Niobium Project Continues to Expand Mineralization; Shares Down 3%

St George Mining (ASX:SGQ) said assays for a further 13 diamond drill holes at the Araxa project in Brazil continued to expand the mineralization at the project, according to a Tuesday Australian bourse filing.The company encountered intercepts of 43 meters at 8% grade of total rare earth oxides and 0.7% grade of niobium pentoxide from surface, as well as 43 meters at 8% grade of total rare earth oxides and 0.7% grade of niobium pentoxide from surface, per the filing. The highest grades were over 25% of total rare earth oxides in AXDD103 and 3.3% of niobium pentoxide.The company completed 13,700 meters of drilling in the current drill campaign.Its shares fell nearly 3% in recent trading on Tuesday.

ASX:SGQ
Asia

St George Mining Developing Technology to Separate Cerium, Lanthanum From Brazil Project Rare Earths

St George Mining (ASX:SGQ) is developing proprietary technology to separate cerium and lanthanum from the rare earths mineralization from the Araxa project in Brazil, according to a Tuesday Australian bourse filing.The separated cerium will then be available for manufacture of a commercial cerium product, the filing said. The company will collaborate with Nanum Nanotecnologia on the commercialization of the cerium component in the large rare earths resource.The company acquired land at Araxa for the potential construction of new facilities, per the filing.St George Mining's shares rose nearly 2% in recent trading on Tuesday.

ASX:SGQ

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