St George jags more rare earths 1km beyond current | Australian Markets

St George Mining has uncovered a second high-grade rare earths discovery at its world-class Araxá project in Minas Gerais, Brazil. The spectacular discovery lies 1 kilometre northeast of its current 41 million tonne niobium-rare earths useful resource within the richly endowed Barreiro carbonatite.

The breakthrough initial assays from its auger drilling program embody grades up to 13.4 per cent whole rare earth oxides (TREO), together with a standout 13.5-metre intersection at 12.34 per cent TREO from 0.5m in a single gap, ending in mineralisation at 13.4 per cent TREO.

The new outcomes kind half of the company’s first 22 auger drill holes for 291m in its latest reconnaissance auger program.

Most of the intercepts revealed to this point point out pervasive TREO mineralisation starting from 0.82m over more than 7m, with a best intercept of 12.34 per cent over 13.5m.

Additionally, 16 out of 41 analyses quoted for niobium pentoxide intercepts assayed between 0.2 per cent to a best consequence of 0.27 per cent niobium pentoxide over a 9m interval. Seventeen outcomes lie between 0.1 per cent and 0.19 per cent niobium pentoxide.

These excellent early scout drilling outcomes level to the potential for substantial growth of St George’s already globally important Araxá niobium-rare earths deposit, positioning the company as a cornerstone provider of non-Chinese essential minerals provide chains amid growing international demand.

The program’s distinctive outcomes embody high ranges of everlasting magnet essential neodymium-praseodymium (NdPr) with values up to three.33 per cent NdPr and a best NdPr:TREO ratio of 36 per cent, which may show well-suited to high-performance magnet manufacturing.

Apart from the best drill gap consequence, which nailed 13.4 per cent TREO, a longer intercept delivered 14.5m at 1.63 per cent TREO from 0.5m, together with 3m at 2.81 per cent TREO from 12m, with a 22 per cent NdPr:TREO ratio.

Two different single-metre intercepts assayed 2.91 per cent and a couple of.06 TREO, with 27 per cent and 17 per cent NdPr:TREO, respectively.

The company is awaiting assays for 28 auger holes for a additional 348m of drilling.

We couldn’t have hoped for higher outcomes from the initial drilling with assays obtained for the primary batch of 22 holes confirming high-grade rare earths from floor throughout a broad space of 0.5 sq km. The exceptionally high grades of TREO and NdPr are spectacular and recommend we now have found an space which may be very wealthy in rare earths mineralisation.

The new discovery within the jap margin of the project space, close to the perimeter of the Barreiro carbonatite, is in an undrilled space thought to be extremely potential for rare earths.

The laterally widespread high-grade rare earths mineralisation intersected within the jap margin, even contemplating the shallow depths of the auger drilling at much less than 16m, may signify the floor expression of a bigger, underlying mineralised system.

The high NdPr ratios spotlight the potential for a new source of materials very important for rare earth magnet manufacturing.

Many holes, together with the best of the 22 holes reported up to now, finish in mineralisation, suggesting mineralisation may proceed to depth and justify follow-up reverse circulation and diamond drilling.

St George’s carbonatite-hosted Araxá deposit mirrors different main non-Chinese rare earths mines such because the United States’ solely rare earths provider, MP Materials’ Mountain Pass deposit in California, in addition to Lynas Rare Earths’ Mt Weld deposit in Western Australia.

With 5 drill rigs energetic, St George continues to advance useful resource growth and definition drilling to additional outline the new discovery, underscoring the growth potential of the better Araxá space.

This discovery appears set to bolster Araxá’s standing as a world-class rare earths and niobium project and additional drilling is justified to substantiate the extent and continuity of the mineralisation.

The upcoming outcomes from the rest of the drilling may put additional shine on this new project spotlight and lay the groundwork for St George’s subsequent transfer.

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