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2026-11-06
◂ Monitor SGQ ASX

St George Mining Limited

Resource Stage · Rare Earths · Others · BR · AU Rating locked: sign in to view v8.1 · sgq-20261104t223129-full
Last 2026-11-06
A$0.053
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$249.2M
EV
A$163.7M
Cash
A$86.2M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Portfolio detail

Assets

2 assets

Core asset

Araxá niobium-rare earths project

BR

Resource Stage100% ownedRare EarthsOthers

Resource stage, 100% owned after final Itafos payments (Nov 2025). Economic study underway with Worley as feasibility adviser, first study due Q3/Q4 2026. Two mining concession applications and one exploration permit; environmental licence process under way. No study, no reserve, no approval to mine.

Resource / scoping · Resource stage
Contained metal (attributable)
4.0m td
Resource grade
3.6%
% Measured + Indicated
68.8%d
Resource tonnes
111.20 Mt
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves4
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcemeasured and indicated75.2 Mt3.64% TREO; 0.69% NdPr; 0.58% Nb2O5Rare Earths · Others2026-08-11
Mineral Resourceinferred36 Mt3.43% TREO; 0.66% NdPr; 0.53% Nb2O5Rare Earths · Others2026-08-11
Mineral Resourcetotal (inclusive of inferred)111.2 Mt3.57% TREO; 0.68% NdPr; 0.57% Nb2O5Rare Earths · Others2026-08-11
Mineral Resourceadditional niobium statement (0.2% Nb2O5 cut-off, non-overlapping)35.2 Mt0.38% Nb2O5; 1.43% TREOOthers2026-08-11
Tenements2
araxa-mining-concessionsGranted— None · No expiry supplied
araxa-concession-applicationsApplication— None · No expiry supplied
Milestones3
  1. First economic study (feasibility, scoping stage) guided for Q3/Q4 2026

    Delayed · High materiality

  2. Maiden MRE for East Araxa targeted Q4 2026

    Pending · Medium materiality

  3. Large-scale pilot plant start targeted Q4 2026

    Pending · Medium materiality

Permits & approvals2
PermitJurisdictionStatusExpiryCritical path
Mining concessions (applications pending)Brazil (Minas Gerais)Pending—Yes
Environmental licensing (preliminary licence application, EIA/RIMA)Minas Gerais, BrazilPending—Yes

Other

Other exploration portfolio (WA lithium, gold and other licences)

AU

Early Explorer100% ownedLithiumOthers

Early exploration; no significant activity in the September quarter; Lithium Star 10% minority to be acquired from ATL (announced June 2026).

Exploration · Early explorer
Ownership
100%
Commodity
Li2Or
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements1
wa-exploration-licencesGranted— None · No expiry supplied

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)