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St George Mining Boosts Araxá Resource with $5M Raise and Drilling Surge

7:13pm on Thursday 31st of July, 2025 AEST Mining
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St George Mining Boosts Araxá Resource with $5M Raise and Drilling Surge

7:13pm on Thursday 31st of July, 2025 AEST
Key Points
  • Maiden JORC Mineral Resource Estimate – 41.2Mt at 0.68% Nb2O5 and 40.6Mt at 4.13% TREO
  • Drilling campaign expanded to over 10,000m with three diamond rigs deployed
  • Strong local government and community support in Minas Gerais, Brazil
  • Capital raising of $5 million at a 13.1% premium to fund exploration and development
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