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2026-11-06
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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
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1M
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YTD
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1Y
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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

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory25 documents
Reference price: latest eligible ASX close, SGQ 4 Nov 2026 (local market database)Market Data · MediumExtracted

Close A$0.05 on 4 Nov 2026 (open 0.049, high 0.054, low 0.049, volume 10,295,072), fresh (0 days), security basis one ASX SGQ ordinary share, source miners.reference_price from local market database.

Document ID
mkt-reference-price-nov26
Published UTC
2026-11-04T01:00:00Z
Projects
araxa
Commodities
others
Open original source ↗
Market snapshot and mining index comparison, SGQ at 4 Nov 2026 (local databases)Market Data · MediumExtracted

Market snapshot: 12-month share return -52.4% vs mining index -59.9% relative; 20-day average traded value A$0.59m; 52-week range A$0.049-0.16; market capitalisation A$235.1m at 4,701,312,659 shares. Peer database holds no other run stock with primary commodity rare earths (thin).

Document ID
mkt-snapshot-nov26
Published UTC
2026-11-04T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Outside peer market data: rare earths and Brazil rare earths developers (local market database, derived market capitalisation)Market Data · MediumExtracted

Derived market capitalisation at 4 Nov 2026 for LYC, ARU, MEI, BRE, HAS and IXR: close on cutoff times shares implied by the stock database market cap and latest price (9 Aug 2026). Enterprise values not derivable from local data; no peer resources or cash were verified here.

Document ID
mkt-peers-nov26
Published UTC
2026-11-04T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Commodity price search attempt, NdPr and niobium (no dated price established)Market Data · LowMetadata Only

Search results only. SMM reports give conflicting Pr-Nd oxide prices (Mar-Apr 2026 yuan 765k-780k/t, a later undated 682k-688k/t, a second undated 762k-768k/t) and no verifiable price on or before 4 Nov 2026. Not used as extracted evidence; recorded as a gap.

Document ID
sgq-nb-price-search-nov26
Published UTC
2026-11-04T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Quarterly Activities and Cashflow Report (quarter to 30 Sept 2026)Results · HighExtracted

Appendix 5B for the quarter to 30 Sept 2026: cash A$86.195m, quarter operating outflow A$7.777m, investing A$4.362m, financing A$17.682m; A$60m placement completed (tranche 2 approved 10 July 2026); no facilities drawn.

Document ID
sgq-q-oct26
Published UTC
2026-10-30T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
St George at the IMARC Conference, 27 October 2026Presentation · MediumExtracted

Capital snapshot at 27 Oct 2026: 4,701,312,659 shares on issue, market capitalisation A$254m at A$0.054, listed options 841,187,063, cash A$86.2m.

Document ID
sgq-pres-oct26
Published UTC
2026-10-27T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Appendix 2A Application for quotation of securities, 20 October 2026Corporate Action · MediumExtracted

Quotation of 52,631 ordinary shares issued 20 Oct 2026 and total securities on issue: 4,701,312,659 ordinary fully paid and 841,187,063 SGQOC options expiring 24 Feb 2027.

Document ID
sgq-appx2a-oct26
Published UTC
2026-10-20T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Management assessment and background checks, SGQ (local research product, cutoff 9 Oct 2026)Other · MediumExtracted

Local management assessment and per-person background checks (John Prineas, Sarah Shipway, Thiago Amaral, Adriano Rios, Alaercio Vieira, Ricardo Nardi, Caue Paul Araujo) used for titles and role-fit; not used as valuation evidence.

Document ID
sgq-mgmt-local-2026
Published UTC
2026-10-09T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Top-20 register and substantial holders, SGQ (local ownership product, dated 29 Sept 2026)Other · MediumExtracted

Local ownership product: top-20 register at 29 Sept 2026 from the FY26 annual report (Citicorp 796,694,887; BNP Paribas 712,992,980 and others), percentages not disclosed per account.

Document ID
sgq-ownership-local-2026
Published UTC
2026-10-09T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Annual Report 2026 (FY to 30 June 2026)Results · HighExtracted

Audited FY26 statements (loss A$44.6m, operating outflow A$19.5m, cash A$7.7m plus A$73.0m term deposits, nil debt, leases A$0.8m), share register at 30 June 2026 (4,387,361,503 shares), options and performance rights, top-20 register, and the resource statement at 2 March 2026 (superseded by the 11 August 2026 MRE).

Document ID
sgq-ar-fy26
Published UTC
2026-09-29T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Mineral Resource Estimate update, 11 August 2026 (155% M&I increase)Resource Update · HighExtracted

Araxa MRE effective 11 Aug 2026: 111.2 Mt at 3.57% TREO (2% cut-off) including M&I 75.2 Mt at 3.64% TREO, Inferred 36.0 Mt; additional niobium-only statement 35.2 Mt at 0.38% Nb2O5 (Table 3). SRK prepared the estimate; open-pit amenable; no reserve or mine design.

Document ID
sgq-mre-aug26
Published UTC
2026-08-11T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Investor Presentation, 11 August 2026Presentation · MediumExtracted

Development program status: Worley appointed as feasibility technical adviser; economic studies underway with first study due Q3/Q4 2026; pilot plant start Q4 2026; East Araxa maiden MRE targeted Q4 2026.

Document ID
sgq-pres-aug26
Published UTC
2026-08-11T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
A$60M secured for Araxa, 17 June 2026Financing · HighExtracted

Two-tranche placement of 600m shares at A$0.10 (A$60m before costs): tranche 1 424.5m shares (A$42.4m); tranche 2 175.5m shares (A$17.6m) subject to shareholder approval; Hancock subscribes A$20m.

Document ID
sgq-raise-jun26
Published UTC
2026-06-17T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Lithium Star joint venture restructure and ATL shareholding, 2 June 2026Economic Arrangement · MediumExtracted

St George acquires ATL 10% of Lithium Star for 12.5m shares at A$0.16 (subject to approval); ATL strategic shareholding; ATL receives offtake rights on any future Lithium Star lithium.

Document ID
sgq-atl-jun26
Published UTC
2026-06-02T01:00:00Z
Projects
other-exploration
Commodities
others
Open original source ↗
Boston Metal niobium processing alliance, 1 April 2026Economic Arrangement · MediumExtracted

MoU to trial molten oxide electrolysis for ferroniobium from Araxa material.

Document ID
sgq-boston-apr26
Published UTC
2026-04-01T01:00:00Z
Projects
araxa
Commodities
others
Open original source ↗
Tecnicas Reunidas processing MoU, 31 March 2026Economic Arrangement · MediumExtracted

MoU for Tecnicas Reunidas to carry out rare earths processing test work at Araxa.

Document ID
sgq-tecnicas-mar26
Published UTC
2026-03-31T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
Government financial support for Araxa, 13 February 2026Economic Arrangement · MediumExtracted

Minas Gerais preferential goods tax regime: exemption from state goods tax (up to 18%) on development equipment and materials; project acquired 27 Feb 2025.

Document ID
sgq-govt-feb26
Published UTC
2026-02-13T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
REalloys strategic alliance extended, 21 January 2026Economic Arrangement · MediumExtracted

Alliance extended toward potential offtake for Araxa rare earths; REalloys continuing metallurgical test work on oxalates.

Document ID
sgq-realloys-jan26
Published UTC
2026-01-21T01:00:00Z
Projects
araxa
Commodities
rare_earths
Open original source ↗
St George completes final Itafos payments, 6 November 2025Transaction · HighExtracted

Final deferred consideration to Itafos (US$11m) paid early; all Itafos security over Araxa released; Araxa held 100% and unencumbered.

Document ID
sgq-itafos-final-25
Published UTC
2025-11-06T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
A$72.5M raising for Araxa, 13 October 2025Financing · HighExtracted

Firm commitments for A$72.5m equity placement including A$50m institutional placement and strategic investment by Hancock.

Document ID
sgq-raise-oct25
Published UTC
2025-10-13T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Xinhai A$8m investment and EPC MoU (ASX file dated 12 Feb 2025)Economic Arrangement · HighExtracted

Binding MoU with Shandong Xinhai for development and fixed-price EPC proposal; Xinhai to invest A$8m within the A$20m raising; EPC terms not yet agreed.

Document ID
sgq-xinhai-feb25
Published UTC
2025-02-12T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
Liaoning Fangda MoU, 15 January 2025Economic Arrangement · MediumExtracted

Non-binding MoU: potential offtake of at least 20% of niobium products; possible funding via investment or prepayment.

Document ID
sgq-fangda-jan25
Published UTC
2025-01-15T01:00:00Z
Projects
araxa
Commodities
others
Open original source ↗
EMBRAPII and SENAI processing co-venture, 9 January 2025Economic Arrangement · MediumExtracted

Technical co-venture: costs 50% EMBRAPII, 10% SENAI, 40% St George; 10-year IP exclusivity with no royalty.

Document ID
sgq-embrapii-jan25
Published UTC
2025-01-09T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Open original source ↗
SKI Hong Kong strategic MoU and offtake, 21 October 2024Economic Arrangement · MediumExtracted

Non-binding MoU with SKI Hong Kong: possible offtake of at least 20% of niobium products, funding support and marketing rights.

Document ID
sgq-ski-oct24
Published UTC
2024-10-21T01:00:00Z
Projects
araxa
Commodities
others
Open original source ↗
Acquisition of high-grade Araxa niobium project (Itafos Araxa), 6 August 2024Transaction · HighExtracted

Sale agreement with Itafos: US$10m cash at closing, deferred US$6m and US$5m, 10% of shares and options and performance rights to Itafos, royalties: Extramil NSR on REE and niobium on a sliding scale 3.0%-10.5% by project IRR; government royalty 0.2%-3% of revenue.

Document ID
sgq-acq-2024
Published UTC
2024-08-06T01:00:00Z
Projects
araxa
Commodities
rare_earths · others
Conflicts requiring judgment1
  • araxa_mineral_resource_tonnes_and_grade

    The FY26 annual report resource statement (effective 2 March 2026, 70.91 Mt at 4.06% TREO) is superseded by the MRE effective 11 August 2026 (111.2 Mt at 3.57% TREO), the later JORC estimate published before the cutoff. The August estimate is used throughout.