The Araxá Project is a de-risked project with world-class potential in Minas Gerais, Brazil, located adjacent to CBMM’s world-leading niobium mining operations. The Project was acquired by St George in February 2025.
Extensive high-grade niobium and REE mineralisation at the Araxá Project has been confirmed by past drilling. High-grade mineralisation commences from surface, with more than 500 intercepts of high-grade niobium (>1% Nb2O5) with grades up to 8% Nb2O5 plus rare earths with grades up to 33% TREO.
On 1 April 2025, St George announced a maiden Mineral Resources Estimate for the Project that is globally significant in term of both niobium and rare earths – see the tables below.
Niobium – total resource:
41.2 Mt at 0.68% Nb2O5 (6,800ppm Nb2O5) comprising (at a cut-off of 0.2% Nb2O5):
Rare earths – total resource:
40.6 Mt at 4.13% TREO (41,300ppm TREO) comprising (at a cut-off of 2% TREO):
The region around the Araxá Project has a long history of commercial niobium production and provides access to infrastructure and a skilled workforce. St George has negotiated government support for expedited project approvals and assembled a highly experienced in-country team and established relationships with key parties and authorities in Brazil to drive the Project through exploration work and development studies.
