St George Mining Delivers 75% Resource Upgrade at Araxá, Cementing Its Place Among the World’s Top Rare Earths Developers
St George Mining Limited (ASX: SGQ) has achieved a major milestone at its 100%-owned Araxá Rare Ear…
St George Mining (ASX: SGQ): Company Overview, Share Price, Latest News & Announcements
St George Mining Limited (ASX: SGQ): Company Overview
St George Mining Limited (ASX: SGQ) is a critical minerals company. It is focused on the exploration and development of world-class niobium and rare earths projects, with its flagship asset being the 100%-owned Araxá Niobium–Rare Earths Project in Minas Gerais, Brazil.
The Araxá Project hosts one of the largest and highest-grade carbonatite-hosted rare earths and niobium resources in the Western world. Located adjacent to CBMM’s world-leading niobium mining operations, responsible for approximately 80% of global niobium supply, the Project benefits from exceptional geological credentials, established regional infrastructure, and strong government support.
St George also holds a portfolio of exploration projects in Western Australia, covering lithium, nickel, copper and gold.
| Detail | Information |
|---|---|
| Full Company Name | St George Mining Limited |
| ASX Ticker | SGQ |
| Sector | Critical Minerals / Mining Exploration |
| Country | Australia |
| ASX Listing Date | 2010 |
| Registered Office | Suite 2, Level 2, 28 Ord Street, West Perth WA 6005 |
| Brazil Project Address | Araxá, Minas Gerais, Brazil |
| Website | stgm.com.au / stgeorgemining.com.au |
St George Mining Limited (ASX: SGQ): News & Announcements
St George Mining Secures Strategic Land Package to Fast-Track Araxá Niobium-Rare Earths Development
St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) has taken a decisive step toward…
St George Secures Landmark Government Tax Support for World-Class Araxá Niobium–Rare Earths Project
St George Mining Limited (ASX: SGQ) (“St George Mining” or the “Company”) has secured a major endor…
St George Mining Redefines a World-Class Rare Earths and Niobium Resource with Exceptional Drilling at Araxá Rare Earths and Niobium Project
St George Mining Limited (ASX: SGQ) (“St George Mining” or the “Company”) has delivered a landmark …
St George Mining Engages Washington DC Adviser as US Escalates Critical Minerals Push
St George Mining Limited (ASX: SGQ) (“St George” or “the Company”) is taking its Brazil-based Araxá…
St George Mining Strengthens US Rare Earths Partnership as Supply Chain Security Takes Centre Stage
St George Mining Limited (ASX: SGQ) (“St George” or the “Company”) has announced a significant exte…
St George Mining Limited (ASX): Videos
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St George Mining Limited (ASX: SGQ): Business Core Insights
What St George Does
St George Mining is focused on developing the Araxá Niobium–Rare Earths Project in Brazil into a globally significant producer of critical minerals. Niobium is essential for high-strength steel used in infrastructure, automotive and aerospace industries. Rare earths, particularly magnet rare earths (MREO), are critical to permanent magnets used in EV motors, wind turbines and defence systems.
The Strategic Commodity Pair
1. Rare Earths (TREO / MREO)
The Araxá Project hosts one of the highest-grade carbonatite REE deposits in the Western world. The total MRE stands at 70.91 Mt @ 4.06% TREO, with a highly valuable magnet rare earth component (MREO) of 0.77%. The Project includes a high proportion of Neodymium (Nd) and Praseodymium (Pr), the two most sought-after elements for EV and wind turbine magnets. Downstream alliances are underway with REAlloys (US), MagBras (Brazil) and Técnicas Reunidas (Europe) to assess full processing flowsheets.
2. Niobium (Nb₂O₅)
The Araxá Project is located directly adjacent to CBMM, the world’s largest niobium producer, within the same Barreiro Carbonatite complex. The total niobium inventory (Nb₂O₅) at Araxá is 95.47 Mt based on a 0.2% Nb₂O₅ cut-off. A new strategic alliance with Boston Metal is testing Molten Oxide Electrolysis (MOE) for potentially cleaner and lower-cost ferroniobium production.
Revenue Model
St George is a pre-revenue development company. Its revenue pathway involves progressing the Araxá Project through exploration, resource definition and feasibility studies to a Final Investment Decision (FID), ahead of potential production of rare earth products, ferroniobium and mixed rare earth carbonate (MREC).
Where St George Mining Limited (ASX: SGQ) Operates
All material project activity is focused in Brazil and Western Australia.
| Project | Location | Commodities | Status |
|---|---|---|---|
| Araxá Project | Minas Gerais, Brazil | Niobium, Rare Earths | Active — drilling and development studies |
| Mt Alexander Project | Western Australia | Nickel, Copper, Gold, Lithium | Exploration |
| Paterson Project | Western Australia | Gold, Base Metals | Exploration |
| Broadview Project | Western Australia | Lithium, Nickel | Exploration |
| Ajana Project | Western Australia | Critical Metals | Exploration |
| Destiny Project | Western Australia | Gold, Nickel | Exploration |
| Lithium Star (WA Projects) | Western Australia | Lithium | Exploration |
St George Mining Limited (ASX: SGQ): Key Highlights / Investment Snapshot
Why Investors Are Watching SGQ
World-class asset in a Tier 1 location
The Araxá Project sits within the Barreiro Carbonatite — the same geological formation that hosts CBMM’s Araxá niobium mine (producing ~80% of the world’s niobium supply) and Mosaic’s Araxá phosphate mine. This is as good a neighbourhood as exists in the global mining industry.
The largest hard-rock REE deposit in South America
St George’s Araxá Project, after the March 2026 resource upgrade, holds 70.91 Mt @ 4.06% TREO — larger than the Mountain Pass mine in California, the leading rare earths mine in the United States.
Mineralisation open in all directions
Drilling has yet to find the limits of the system. With three diamond rigs running 24/7, further large step-out holes are expanding the resource in all directions. The MRE has now been upgraded 75%, with Measured & Indicated confidence growing by 218%.
Three-continent downstream strategy
St George has downstream alliances in the US (REAlloys), Brazil (MagBras, Boston Metal) and Europe (Técnicas Reunidas), covering rare earths processing, magnet production and niobium processing — with potential to supply all three markets.
Strong institutional and strategic backing
The October 2025 capital raise was led by North American and European funds, with Hancock Prospecting (controlled by Gina Rinehart) as a strategic cornerstone investor. The Government of Minas Gerais has provided active support through tax exemptions, expedited permitting cooperation and its own participation in the Open Day and Critical Minerals Forum.
Pilot plant and government-backed technology centre underway
St George has established the St George Technological Centre at CEFET University (Araxá campus) — a government-funded institution with credentials in critical minerals processing. The pilot plant being constructed by St George will serve as the cornerstone of the centre and test both mineral processing and hydrometallurgical refining.
Investment Snapshot at a Glance
| Metric | Detail |
|---|---|
| Total MRE (TREO) | 70.91 Mt @ 4.06% TREO and 0.62% Nb₂O₅ (2% TREO cut-off) |
| M&I Resource | 29.49 Mt @ 4.56% TREO (218% increase) |
| MRE Upgrade | 75% increase announced 3 March 2026 |
| Total Nb₂O₅ Inventory | 95.47 Mt based on a 0.2% Nb₂O₅. |
| Capital Raised (Nov 2025) | A$72.5 million (institutional + strategic) |
| Cash & Term Deposits | A$54.4 million (as at 31 December 2025) |
| 52-Week Range | A$0.015 – A$0.180 |
| Key Strategic Investors | Hancock Prospecting (6.24% stake) |
St George Mining Limited (ASX: SGQ): Projects and Assets Portfolio
Araxá Niobium–Rare Earths Project — Minas Gerais, Brazil
The Araxá Project is St George’s flagship asset and primary investment thesis. Acquired in February 2025 from Itafos Inc., the Project is now 100% owned by St George and is free of debt and contingent obligations, following the final payment of the acquisition consideration in November 2025.
Key facts about the Araxá Project:
- Located in the Barreiro Carbonatite, a world-class critical minerals complex in Minas Gerais, Brazil
- Adjacent to CBMM’s Araxá niobium mine, the world’s largest niobium producer
- 6 km from Araxa city with access to road and rail transport, low-cost hydro power, and water
- Mineral resource confirmed from surface, free-digging mineralisation supports open-pit mining
- Very high-grade hard-rock carbonatite deposit with niobium grades up to 8.29% Nb₂O₅ andrare earths grades up to 32.98% TREO
- Mineralisation remains open in all directions, no limits found
Updated JORC MRE (March 2026) — 2% TREO Cut-Off:
| Classification | Mt | TREO (%) | MREO (%) | Nb₂O₅ (%) |
|---|---|---|---|---|
| Measured | 8.02 | 5.23 | 0.95 | 1.06 |
| Indicated | 21.46 | 4.31 | 0.80 | 0.63 |
| M&I | 29.49 | 4.56 | 0.84 | 0.75 |
| Inferred | 41.42 | 3.71 | 0.72 | 0.52 |
| Total | 70.91 | 4.06 | 0.77 | 0.62 |
Additional Niobium Resource — 0.2% Nb₂O₅ Cut-Off:
| Classification | Mt | Nb₂O₅ (%) | TREO (%) |
|---|---|---|---|
| M&I | 2.6 | 0.31 | 1.45 |
| Inferred | 21.95 | 0.54 | 1.17 |
| Total | 24.56 | 0.52 | 1.20 |
Milestones delivered to date:
- Maiden MRE announced April 2025
- 75% MRE upgrade announced in March 2026
- Major drilling campaign continuing since June 2025 — over 10,000 metres drilled across up to 3 diamond rigs and 2 RC rigs
- Pilot plant agreement signed with CEFET University
- St George Technological Centre for Critical Minerals established at Araxá campus
- Land parcel of ~166 hectares acquired less than 2 km from mining tenure for future processing facilities
- Minas Gerais State ICMS tax exemption approved for project equipment and materials
- Cooperation agreement signed with State of Minas Gerais for expedited permitting
Status: Active development — ongoing drilling, pre-feasibility studies and downstream partnerships
Western Australian Projects
St George holds a portfolio of exploration-stage projects in Western Australia, covering lithium, nickel, copper, cobalt and gold. Key projects include:
Mt Alexander Project — focused on lithium and the Cathedrals Belt, which hosts one of Australia’s highest grade nickel-copper sulphide discovery. High-grade Ni-Cu-PGE mineralisation occurs from ~30m below surface over a 4.5 km strike.
Paterson, and Destiny Projects — early-stage exploration for gold, base metals and critical minerals in established Western Australian mining regions.
Lithium Star (WA Projects) — a 90%-owned subsidiary holding lithium projects in WA. Commodity markets for lithium improved significantly in late 2025, providing potential to create further value from these assets.
St George Mining Limited (ASX: SGQ): Financial Performance
Recent Results at a Glance
St George is a development-stage company with no production revenue. Expenditure is primarily directed toward exploration at Araxá and corporate administration. The company is well funded following its major November 2025 capital raise.
Half-Year Results (Period Ended 31 December 2025)
| Metric | HY26 | HY25 |
|---|---|---|
| Other Revenue | $401,621 | $101,943 |
| Exploration Expenditure (expensed) | $7,358,712 | $2,227,609 |
| Admin Expenses | $4,458,036 | $1,281,195 |
| Share-Based Payments | $13,418,915 | $131,574 |
| Total Net Loss | $24,952,792 | $3,538,435 |
| Cash and Cash Equivalents | $22,330,227 | — |
| Term Deposits | $32,076,848 | — |
| Total Cash + Term Deposits | $54,407,075 | — |
Source: St George Mining Limited HY26 Results
Note: The large share-based payments expense in HY26 ($13.4M) is non-cash, primarily reflecting the accounting valuation of Class F performance rights issued to directors and advisors upon achievement of the 70Mt MRE milestone.
Capital Structure Notes
- St George does not pay a dividend; all capital is directed to project advancement
- November 2025 institutional and strategic placement raised A$72.5 million at A$0.10 per share
- Hancock Prospecting holds approximately 6.24% following the strategic placement
- Going concern: Directors are confident the Company has sufficient funds to finance operations for the next 12 months
Key Subsequent Events (Post 31 December 2025)
- Class F Performance Rights vested (3 March 2026) — milestone: 70 Mt @ 3.5% TREO MRE achieved
- 75% MRE upgrade announced (3 March 2026)
- ICMS tax exemption approved by Minas Gerais Government (February 2026)
- 166-hectare land acquisition near Araxá Project completed (February 2026)
- MOU with Técnicas Reunidas (Europe) signed (March 2026)
- MOU with Boston Metal (MOE niobium technology) signed (April 2026)
St George Mining Limited (ASX: SGQ): Leadership Team
Management and Board
John Prineas — Executive Chairman
John is a founding shareholder and director of St George Mining. He has over 25 years of experience across mining, finance and corporate governance. Prior to establishing St George Mining, John was Australian Country Head for Commerzbank, with a focus on project and acquisition finance for resources and infrastructure. He holds a Bachelor of Economics and Bachelor of Laws and is a Fellow of the Financial Services Institute of Australasia (FFin). John led the acquisition of the Araxá Project and has overseen its rapid resource growth since completion in February 2025.
Caue ‘Paul’ Araujo – Director, Corporate Development
With a strong track record in the natural resources industry, Mr Caue ‘Paul’ Araujo brings a diverse blend of technical and commercial expertise. Over the course of his career, he has taken on senior leadership roles including Global General Manager (Mine Finance) at Palaris, Partner and Regional Director for Investment and Business Planning at Hatch’s advisory division in Perth, and General Manager for Brazil at SRK Consulting.
His professional strengths lie in areas such as strategic and commercial leadership, geology and exploration, mining finance, investment planning, and market intelligence. He is also highly experienced in technical and economic modelling, project assessment, and delivering strategic insights across a broad range of commodities, supported by a solid background in project management and consultancy.
John Dawson — Non-Executive Director
Mr Dawson has more than 30 years of experience in finance and mining, occupying senior roles at Goldman Sachs and Dresdner Kleinwort Wasserstein. At Goldman Sachs, he was a Managing Director of FICC for Australia. At Dresdner Kleinwort Wasserstein, he served as Global Head of Commodities and Country Head for Australia.
Sarah Shipway — Non-Executive Director
Sarah is a Chartered Accountant with extensive experience advising on ASX company listings, financial reporting, corporate planning and equity and debt funding. She holds a Bachelor of Commerce from Murdoch University and has been Company Secretary of St George Mining since March 2012.
Adolfo Sachsida — Advisor to the Board
Mr Sachsida is a former Federal Minister of Mines and Energy and former Chief Secretary of Economic Affairs of Brazil’s Ministry for the Economy. He provides strategic advice and government relations support as St George develops its niobium business in Brazil. He has also served as a Professor of Economics at the University of Texas and the Universidade Católica de Brasília.
Marina Spinola — Advisor to the Board
Ms Spinola is the Executive Director for Institutional Relations and Sustainability at the Dom Cabral Foundation, Brazil’s top business school (ranked 4th globally by the Financial Times). She brings over 25 years of experience in corporate strategy, sustainability and institutional relations.
St George Mining Limited (ASX: SGQ): Board of Directors
| Name | Role |
|---|---|
| John Prineas | Executive Chairman |
| Caue ‘Paul’ Araujo | Director, Corporate Development |
| John Dawson | Non-Executive Director |
| Sarah Shipway | Non-Executive Director & Company Secretary |
| Adolfo Sachsida | Advisor to the Board |
| Marina Spinola | Advisor to the Board |
St George Mining Limited (ASX: SGQ): Share Price & Market Information
SGQ has been one of the standout performers on the ASX resources board over the past 12 months, delivering substantial gains as the Araxá Project resource has been rapidly upgraded and strategic alliances have been secured across three continents.
The 52-week price range of A$0.017 to A$0.180 reflects the company’s transformation from a junior explorer to a serious developer of a world-class critical minerals project. The stock’s appreciation has been driven by successive high-grade drilling results, the landmark 75% MRE upgrade, the A$72.5 million institutional capital raise, and a string of marquee downstream partnerships.
Analysts covering St George have cited 12-month target prices ranging from A$0.20 to A$0.49, suggesting meaningful upside from current levels, supported by ongoing resource expansion and progress toward pre-feasibility studies.
Capital Structure Notes
- St George does not pay a dividend
- The Company has raised capital progressively to fund the Araxá drilling campaign, downstream studies and working capital
- Hancock Prospecting’s participation at A$0.10 per share (November 2025) represents a high-profile insider vote of confidence in the project’s potential
St George Mining Limited (ASX: SGQ): Strategy & Future Outlook
Where St George Is Headed
St George’s strategy is built around two clear pillars: rapidly advancing the Araxá resource toward development-readiness, and securing the downstream processing and offtake partnerships that will underpin a globally competitive rare earths and niobium production business.
Pillar 1: Resource Expansion at Araxá
The ongoing drilling campaign — with three diamond rigs running 24/7 — continues to redefine the scale of Araxá. Mineralisation remains open in all directions, and the Company expects further significant resource upgrades as assays from step-out holes are received. The goal is to establish one of the world’s premier hard-rock rare earths and niobium resources ahead of a pre-feasibility study.
Pillar 2: Downstream Processing and Offtake
St George is developing a three-continent downstream strategy:
- Brazil: Alliance with MagBras (Mine to Magnet initiative) and Boston Metal (MOE niobium processing)
- United States: Alliance with REAlloys Inc (Department of Defense and Department of Energy supplier), with potential offtake of up to 40% of rare earth production
- Europe: Alliance with Técnicas Reunidas (RARETECH® processing technology, leader of EU PERMANET project)
In parallel, traditional processing flowsheets based on the Araxá ore’s well-understood metallurgy (used commercially for more than 40 years in the region) are being tested.
Regulatory and Geopolitical Tailwinds
| Driver | Impact on St George |
|---|---|
| Western nations' push to reduce dependence on Chinese rare earths | Positions Araxá as a preferred Western-aligned source of supply |
| US rates niobium the second most important critical mineral, citing supply constraints | Opportunity for St George become a non-Chinese aligned supplier to the US |
| US executive focus on domestic and allied critical mineral supply chains | Opens pathway to US government support, offtake and financing |
| EU Critical Raw Materials Act | Drives demand for non-Chinese rare earth supply, directly relevant to Araxá |
| EV and clean energy demand growth | Accelerates demand for Nd-Pr magnet rare earths and niobium |
| Minas Gerais government cooperation | Expedited permitting, ICMS tax exemption, infrastructure support |
| MagBras Federal program (Brazil) | Integrates Araxá into Brazil's national rare earths-to-magnets supply chain |
St George Mining Limited (ASX: SGQ): Competitors & Industry Position
The Critical Minerals Market Context
Global rare earths demand is driven primarily by permanent magnets used in electric vehicle motors, wind turbine generators and defence applications. China currently controls approximately 85–90% of global rare earths processing and refining capacity. Western governments, particularly the US and EU are actively funding and supporting the development of non-Chinese supply chains, creating a major structural opportunity for projects like Araxá.
The global niobium market is currently dominated by CBMM (approximately 80% of global supply, sourced entirely from Araxá, Brazil), with Brazil producing the vast majority of the world’s niobium. CBMM is 15% owned by Chinese companies. Niobium’s uses include high-strength low-alloy steel, superalloys, and emerging applications in batteries and superconductors.
Key Competitors in Western Rare Earths and Niobium
| Company | HQ | Key Project | Notes |
|---|---|---|---|
| MP Materials | USA | Mountain Pass, California | Only producing rare earths mine in US; backed by US DoD and Apple |
| Lynas Rare Earths | Australia | Mount Weld, WA | Largest ex-China REE producer; processing in Malaysia and Texas |
| Energy Fuels | USA | White Mesa Mill, Utah | US-based REE processing; sourcing from monazite |
| Arafura Rare Earths | Australia | Nolans, NT | Nd-Pr focused; advanced permitting in Australia |
| NioCorp Developments | USA | Elk Creek, Nebraska | Niobium-REE-Scandium; financing stage |
| CBMM | Brazil | Araxá, Minas Gerais | World's dominant niobium producer; adjacent to St George's project |
| Brazilian Rare Earths | Australia/Brazil | Rocha da Rocha, Bahia | Carbonatite REE explorer in Brazil |
How St George Competes
Scale and Grade: The Araxá Project, post the March 2026 MRE upgrade, is already larger than Mountain Pass and is the largest hard-rock REE deposit in South America. At 4.06% TREO average grade, it sits among the highest-grade hard-rock REE deposits in the Western world.
Location Advantage: Operating within Brazil’s established Araxá carbonatite district with CBMM’s world-class mining infrastructure and skilled workforce next door provides an unmatched development environment for a junior company.
Government Support: The Minas Gerais State government has signed a cooperation agreement for expedited permitting and granted ICMS tax exemptions. Brazil’s Federal Government has included St George in the national MagBras initiative.
Downstream Differentiation: Unlike most explorers, St George is already engaging downstream partners across three continents and assessing multiple processing pathways — both traditional and next-generation (MOE, RARETECH®).
Opportunity to match world-class producers: Compared to Lynas, MP Materials and CBMM, St George is an earlier-stage developer without production revenue or proven processing facilities. The investment case is built on the exceptional quality of the Araxá asset and the potential for St George to become a significant supplier in a rapidly tightening Western critical minerals market.
St George Mining Limited (ASX: SGQ): Conclusion
Why St George Mining Matters
St George Mining (ASX: SGQ) holds one of the most strategically positioned critical minerals assets in the world. The Araxá Project in Brazil sits within the same carbonatite complex as CBMM’s world-leading niobium mine, and has now been confirmed as the largest hard-rock rare earths deposit in South America and one of the highest-grade in the Western world.
The investment case rests on four things
- The Araxá resource At 70.91 Mt @ 4.06% TREO and 0.62% Nb₂O₅ and still growing in all directions — the Araxá deposit offers exceptional scale and grade. The March 2026 upgrade demonstrated the resource can grow rapidly and with increasing confidence, with Measured & Indicated tonnes up 218%.
- Strategic positioning in the Western critical minerals supply chain Rare earths and niobium are on the critical minerals lists of the US, EU and Australia. St George has established itself as a credible supplier to the Western world through its alliances with REAlloys (US DoD supplier), Técnicas Reunidas (EU PERMANET project leader) and MagBras/Boston Metal (Brazil). These are not just commercial relationships, they are supply chain positioning plays in one of the most geopolitically charged commodity markets of the decade.
- Government and institutional support A$72.5 million capital raise anchored by Hancock Prospecting. Tax exemptions from the Government of Minas Gerais. Expedited permitting cooperation. Federal selection for the MagBras initiative. These are markers of a project that has earned the confidence of sophisticated institutions and governments.
- Exploration upside With mineralisation open in all directions and three rigs running 24/7, there remains substantial resource upside at Araxá. Each successive announcement since June 2025 has extended the resource further. The potential for Araxá to become a truly transformational asset is real and growing.
While St George is currently pre-revenue and faces typical development risks such as the need for project financing, flowsheet optimisation, and pending environmental and community approvals, the quality of its underlying assets remains clear.
For investors seeking exposure to Western-aligned rare earths and niobium, St George Mining offers a compelling, asset-backed proposition with genuine world-class credentials.
St George Mining Limited (ASX: SGQ): Frequently Asked Questions
St George Mining (ASX: SGQ) is an Australian-listed critical minerals company developing the 100%-owned Araxá Niobium–Rare Earths Project in Minas Gerais, Brazil. It is focused on defining and developing one of the world’s largest and highest-grade hard-rock rare earths and niobium resources, with the goal of supplying Western supply chains for electric vehicles, wind turbines, defence applications and high-strength steel.
St George’s primary focus is the Araxá Project in Minas Gerais, Brazil. It also holds a portfolio of exploration-stage projects in Western Australia covering lithium, nickel, copper and gold.
The Araxá Project is a de-risked, potentially world-class carbonatite-hosted niobium and rare earths project located adjacent to CBMM’s world-leading niobium mining operations in Minas Gerais, Brazil. Acquired in February 2025, it now hosts a JORC MRE of 70.91 Mt @ 4.06% TREO and 0.62% Nb₂O₅ (after a 75% upgrade in March 2026), with mineralisation remaining open in all directions. The total Nb₂O₅ inventory associated with the Araxá Mineral Resource is 95.47Mt, comprising 70.91Mt reported using a 2% TREO cut-off and an additional 24.56Mt reported using a 0.2% Nb₂O₅ cut-off
Rare earth elements (REEs) particularly neodymium and praseodymium are essential for permanent magnets used in EV motors, wind turbines and defence systems. Niobium is used to strengthen steel (high-strength low-alloy steel) and in emerging battery and superconductor applications. Both are classified as critical minerals by the US, EU and Australia. China dominates global REE processing and CBMM dominates global niobium supply, both supply chains are facing growing scrutiny and government efforts to diversify.
St George has alliances across three continents: REAlloys Inc (USA — DoD/DoE supplier, potential 40% offtake), Técnicas Reunidas (Spain — RARETECH® processing, EU PERMANET project leader), MagBras (Brazil — Mine to Magnet initiative) and Boston Metal (USA/Brazil — Molten Oxide Electrolysis niobium processing technology).
No. St George is a pre-revenue development company. For the half-year ended 31 December 2025, the Company reported a net loss of approximately A$24.9 million, primarily reflecting exploration expenditure of $7.4 million and non-cash share-based payments of $13.4 million relating to performance rights that vested upon achieving the 70 Mt MRE milestone. The Company held approximately A$54.4 million in cash and term deposits as at 31 December 2025.
St George is led by John Prineas as Executive Chairman — a founding shareholder and director with over 25 years’ experience in mining, finance and corporate law. He is supported by Non-Executive Directors John Dawson and Sarah Shipway, and high-level Brazilian advisors including former Federal Minister of Mines and Energy Adolfo Sachsida.
No. St George does not pay a dividend. All capital is directed toward advancing the Araxá Project.
Hancock Prospecting Pty Ltd (controlled by Gina Rinehart) holds approximately 6.24% as a strategic investor following the November 2025 placement. The capital raise also included major North American and European institutional funds.
St George Mining Limited has been listed on the Australian Securities Exchange since 2010 under the ticker SGQ.
Disclaimer
This page is for informational purposes only. It does not constitute financial product advice. Investors should consider their personal financial situation and seek independent professional advice before making any investment decisions. All figures are sourced from St George Mining ASX filings and official company disclosures.