St George study sample pioneers Brazil magnet rare | Australian Markets

St George Mining has achieved a important milestone by delivering Brazil’s first bulk rare earths sample to a Government backed project tasked with commercialising Brazil’s sizeable rare earths endowment to create a magnet manufacturing facility. The MagBras project is a public-private initiative primarily based in Minas Gerais, Brazil.

The 30kg rare earths oxalate sample, derived from the company’s 100%-owned Araxá project, marks St George as a frontrunner in Brazil’s rising rare earths provide chain.

The Araxá project has a critical mineral useful resource estimate of 40.64 million tonnes (Mt) at a sizeable grade of 4.13 per cent whole rare earths oxide.

Notably it additionally has one other useful resource dimension, with 41.20Mt at 0.68 per cent niobium pentoxide, making it doubtlessly a world-class asset ideally positioned to fulfill growing international demand for each commodities.

The MagBras project, supported by the National Service of Industrial Learning (SENAI) and the Minas Gerais Research Development Foundation (Fundep), goals to industrialise Brazil’s huge rare earths endowment – the world’s third largest – to cut back the nation’s reliance on imported high efficiency magnets.

Managed by the Federation of Industries of Minas Gerais (FIEMG), MagBras collaborates with rare earths builders reminiscent of St George and end-users, together with automakers Stellantis and Iveco, to construct an built-in magnet provide chain.

St George’s memorandum of understanding (MoU) with MagBras – signed final October – facilitates cooperation on analysis, development and potential provide of high-grade rare earths from Araxá for high-performance magnet manufacturing.

The company can also be exploring downstream partnerships within the US, the place curiosity in Brazil’s niobium and rare earths is surging.

The US Government, underneath the Trump Administration, is pursuing a trade deal to secure Brazil as a key provider of essential metals, pushed by efforts to ascertain non-Chinese provide chains.

St George says latest US Department of Defence help for American rare earths miner MP Materials by paying US$110/kg for mixed neodymium-praseodymium (NdPr) highlights a shift towards pricing that fosters industry growth.

The latest provide chain intervention by the US Department of Defence via its multi-billion greenback deal with NYSE-listed MP Materials illustrates the function that public-private partnerships will seemingly play as geopolitical strikes set off a re-alignment of the worldwide rare earths market establishment.

Prineas says the company is seeing sturdy help in Brazil from authorities and industries to construct a home provide chain for rare earths.

St George’s Araxá project is strategically situated a stone’s throw north of the huge niobium mine operated by Companhia Brasileira de Metalurgia e Mineração (CBMM).

The two tasks occupy the identical Barreiro carbonatite advanced, a geological formation recognized for internet hosting important niobium and rare earths mineralisation.

CBMM’s operation primarily extracts niobium from pyrochlore, with rare earths current as secondary commodities alongside barium and thorium. The company provides about 80 per cent of the worldwide niobium market.

That proximity doubtlessly offers St George with entry to established infrastructure and a expert workforce, enhancing its general development potential.

St George is advancing its Araxá project with an intensive drilling program, together with over 9000 metres of diamond drilling to infill and develop its recognized assets and related mineralisation.

Mineralisation at present stays open in all instructions and the infill drilling goals to increase confidence within the assets and elevate current inferred assets to indicated standing.

The project’s high-grade mineralisation, which exhibits up to eight per cent niobium pentoxide and 33 per cent TREO, underscores its potential as a international provider.

The company is holding 5 drill rigs busy and expects its first assay outcomes shortly. Meanwhile, ongoing metallurgical research goal to optimise the flowsheet for rare earths manufacturing.

Its collaboration with SENAI and FIEMG positions Araxá to contribute considerably to each native and international markets, notably as geopolitical shifts drive demand for dependable, non-Chinese rare earths and niobium sources.

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