St George Mining hits 199.5m of high grade rare earths and niobium: raises A$60 million

St George Mining Ltd executive chairman John Prineas talked with Proactive about the company’s latest progress at the 100%-owned Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil, following a A$60 million capital raise and the release of its thickest mineralised intercept to date. Prineas said the funding was raised to top up cash reserves and accelerate development workstreams, with Hancock Prospecting contributing a further A$20 million and increasing its stake in St George Mining Ltd from 6% to 10%. He described the investment as “quite a strong validation” of the company’s potential, noting Hancock’s exposure to major rare earths producers outside China. The interview also covered the latest drilling result from the main deposit, where St George Mining Ltd reported 199.5 metres of high-grade mineralisation continuous from surface. Prineas said this was “a real point of difference” for the deposit, highlighting that the mineralisation starts at surface and continues down to around 200 metres. Prineas said St George is now moving toward development studies, supported by strong metallurgical test results and the appointment of Worley as feasibility technical manager. He said investors could expect further news flow over the next six months, including a scoping study, final metallurgical results and a potential final investment decision within 12 to 18 months. Visit Proactive’s YouTube channel for more videos, and don’t forget to like this video, subscribe to the channel and enable notifications for future content. #StGeorgeMining #SGQ #SGQMF #AraxáProject #RareEarths #Niobium #CriticalMinerals #BrazilMining #MiningNews #ASXStocks #OTCStocks #HancockProspecting #MineralExploration #InvestorNews #ProactiveInvestors