St George Mining acquires Araxa Project in Brazil

St George Mining Limited (ASX: $SGQ) has acquired the Araxa Project in Minas Gerais, Brazil, positioning itself in the world's leading district for niobium production. The project, adjacent to the flagship operation of the world's largest niobium producer, CBMM, offers near surface, high-grade mineralization with historical drilling delivering significant intercepts of niobium, rare earth elements (REE), and phosphate.

Executive Commentary on Araxa Project Acquisition

The acquisition of the Araxa Project represents a significant milestone for St George Mining. The project's strategic location in a tier 1 mining jurisdiction, with established infrastructure and access to a skilled workforce, provides an exceptional development opportunity. The widespread high-grade niobium, REE, and phosphate mineralization, along with the proximity to the world's largest niobium mine, positions St George Mining as a key player in the global niobium market. The company is committed to leveraging its extensive historical drilling and plans to issue a maiden JORC compliant resource in H1 2025, further solidifying its position as a future niobium producer.

Summary of Araxa Project Acquisition

St George Mining's acquisition of the Araxa Project in Brazil marks a significant move into the world-class niobium-REE opportunity. The project's location in a tier 1 mining jurisdiction, adjacent to the world's largest niobium producer, offers near surface, high-grade mineralization with extensive historical drilling. The company aims to leverage this opportunity to establish itself as a global niobium producer, with plans to issue a maiden JORC compliant resource in H1 2025. With the increasing demand for niobium and REEs in modern technologies and clean energy solutions, the Araxa Project positions St George Mining as a key player in the critical metals market, providing a strong outlook for the company's future growth and development.