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St George Mining

St George Mining (ASX: SGQ) wants to develop its Araxa Niobium-REE Project in Brazil, next door to the world's main niobium mine. Following the exploration success of WA1 Resources (ASX: WA1), which re-rated markedly after its 2022 discovery of a major niobium deposit in a remote part of Western Australia, St George now represents an attractive way to participate in the recent investor interest in niobium, and ongoing interest in rare earths.

St George Mining (ASX:SGQ)

 

St George Mining (ASX: SGQ) wants to develop its Araxa Niobium-REE Project in Brazil, next door to the world's main niobium mine. Following the exploration success of WA1 Resources (ASX: WA1), which re-rated markedly after its 2022 discovery of a major niobium deposit in a remote part of Western Australia, St George now represents an attractive way to participate in the recent investor interest in niobium, and ongoing interest in rare earths.

On 7 January 2025 we spoke to John Prineas, Executive Chair of St George Mining (ASX:SGQ), about the company's proposed acquisition of the Araxa Niobium Project in Brazil, the ease with which the project can be developed and the potential to create both a niobium and a rare earths mine at Araxa. St George expects to take control of Araxa in February 2025.