St George Advances Araxá Rare Earths Program

St George Mining (ASX:SGQ) reported a series of technical and corporate updates that strengthen its Araxá rare earths position.
Recent diamond drilling returned the project's new thickest intercept — about 139.45 m from surface — along with further thick, near-surface REE mineralisation. Additional assays identified high‑grade niobium mineralisation outside the current Araxá MRE, supporting plans for an expanded resource estimate and follow‑up infill and extensional drilling.
Management has extended strategic partnerships, including a tie-up with Realloys and a US-focused alliance aimed at advancing commercial pathways for Araxá rare earth concentrates and downstream processing options. These moves are intended to de‑risk offtake and supply-chain routes into North America.
Corporate filings over January include cleansing notices and applications for quotation of securities (SGQ), signalling preparatory steps for potential capital‑markets activity to fund development and drilling campaigns.
Market context remains supportive: demand-side dynamics for critical minerals — rare earths and lithium — are intensifying amid geopolitics, with institutional flows pushing commodity attention. Tradegate listed SGQ at €0.073 on 23 Jan 2026.
While drilling and partnerships materially improve the project’s outlook, further assay confirmation, metallurgical testwork and definitive feasibility studies are still required to convert exploration success into a producible resource.