Araxa Project
St George has entered into a binding conditional agreement to acquire 100% of the Araxá niobium-REE Project in Minas Gerais, Brazil (the “Project”).
The Project is immediately adjacent to, and within the same carbonatite complex as, the niobium mine of CBMM that produces approximately 80% of the world’s niobium.
Historical drilling at the Project has defined extensive high-grade niobium, REE and phosphate mineralisation with:
- More than 500 intercepts of high-grade niobium, >1% Nb2O5
- Ultra-high grades up to 8% Nb2O5, 33% TREO and 32% P2O5
- Mineralisation commencing from surface and open in all directions
The Project has outstanding development potential with a location in an established mining district with existing infrastructure (roads and power), proven route to market and access to workforce.
For further information on the Araxa Project, see our ASX Release dated 6 August 2024 ‘St George to acquire advanced high-grade niobium Araxá Project’.
