Interesting read.
It appears there are nasties STILL trying to down ramp this stock.
Extract from co ann below:
12 August 2024
High-grade Araxa Niobium Project – Update
St George is building a globally significant niobium company
When you see these nasties in operation, read the following extract from the co's ann of 12 Aug 2024 - they make it abundantly clear:
"The Company is aware of misinformation circulating in online chat rooms and social media regarding
Araxá – particularly claims that an active tailings dam is located within the Project area and that
significant high-grade mineralisation discovered at the Project is beneath the tailings dam.
This information is false and not correct.
CBMM (Companhia Brasileira de Metalurgia e Mineração), which supplies more than 80% of the world’s
niobium from mining operations near the Project, operated – until 1985 – a tailings dam (“Dam B4”,
and sometimes referred to as Dam 4 in CBMM’s English language publications) on tenement
832.150/1989 that forms part of the Project.
CBMM, which is responsible for managing Dam B4, has progressively rehabilitated and integrated Dam
B4 into the environment. A photo of the current status of Dam B4, sourced from CBMM’s website
https://cbmm.com/en/our-company/our-dams is shown below.
Importantly, the significant niobium intersections at the Project – being more than 500 intercepts of
greater than 1% Nb2O5 – that St George will use to underpin a potential maiden JORC compliant mineral
resource are located on tenement 831.972/1985. Any JORC compliant mineral resource will not extend
into the tenement that hosts historical Dam B4, located on tenement 832.150/1989.
No other tailings dams – neither historical nor presently active – are within the Project area or proximal
to the Project."
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