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2.5¢ st george mining limited

SGQ - Ex CBMM Boss looking to develop SGQ'S ARAXÂ project - Commentary, page-180

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stockbluesky

458 Posts.

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29/08/24

12:13

Post #: 75433383
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Originally posted by Tarly123: ↑

Resource Quality:

The Araxá project features high-grade niobium rare earth deposits, particularly rich in neodymium and praseodymium, which are vital for manufacturing magnets used in electric vehicles and renewable energy technologies. These grades are competitive with some of the best deposits globally.

Geological Advantages: Located in a historically mineral-rich region, Araxá benefits from a favorable geological setting that enhances the likelihood of successful resource extraction and exploration.Market Position: With increasing global demand for Niobium REEs, especially due to the transition toward green technologies, the Araxá project is well-positioned to meet these needs, especially as countries seek to diversify their supply chains away from China.Regulatory Environment:

Brazil is enhancing its mining regulations, which can provide a more stable investment climate compared to regions with more complex regulatory challenges.

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I think you need factor in the thick geology! SGQ only drilled 50m but the mineralization is up to 2000m, CBMM should drill much deeper than 800m!
Let WA1 gate keeper become more jealous here

SGQ Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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