St George Mining grows Araxa resource in Brazil
2026-11-02 11:27:26 [Print]
St George Mining Ltd closed the September quarter with a major increase in the Mineral Resource at its 100%-owned Araxa Niobium-Rare Earths Project in Brazil, while advancing permitting, pilot plant testing and plans for downstream rare earth processing.
The updated Araxa Mineral Resource Estimate increased to 111.2 million tonnes at 3.57% total rare earth oxides (TREO), 0.70% magnet rare earth oxides (MREO), 0.68% neodymium-praseodymium and 0.57% niobium pentoxide.
Importantly, Measured and Indicated Resources increased 155% to 75.2 million tonnes, providing a larger high-confidence resource base for feasibility studies, metallurgical work and potential mine planning.
The updated Araxa Mineral Resource Estimate increased to 111.2 million tonnes at 3.57% total rare earth oxides (TREO), 0.70% magnet rare earth oxides (MREO), 0.68% neodymium-praseodymium and 0.57% niobium pentoxide.
Importantly, Measured and Indicated Resources increased 155% to 75.2 million tonnes, providing a larger high-confidence resource base for feasibility studies, metallurgical work and potential mine planning.
Niobium Pentoxide 99.99%min, Sb 10ppm max EXW China
Unit:RMB/kg
China niobium oxide producers' operating rate statistics by province by month
Unit: %
