Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-195

Just for any newbies, brief AI summary on current developments
The Land holding in square km's is significant, very promising project imo

The Araxá Niobium-REE Project, located in Minas Gerais, Brazil, is a significant mining venture focusing on niobium and rare earth elements (REE). Here are some key details about the project:

1. Ownership and Location: The project is owned by Itafos Araxá Mineracao E Fertilizantes S.A, which St George Mining Limited is in the process of acquiring¹. It is situated within the Barreiro Carbonatite complex, a region known for its rich mineral deposits².
2. Mineral Resources: The project boasts substantial mineral resources, including:
   • Measured and Indicated Resources: 6.3 million tonnes (Mt) at 5.0% total rare earth oxides (TREO) and 1.0% niobium pentoxide (Nb2O5)³.
   • Inferred Resources: 21.9 Mt at 4.0% TREO and 0.6% Nb2O5³.
3. High-Grade Mineralization: Historical drilling has revealed extensive high-grade niobium and REE mineralization, with more than 500 intercepts of niobium exceeding 1% Nb2O5¹. Some ultra-high-grade intercepts have shown up to 8% Nb2O5 and 33% TREO¹.
4. Production Capacity: The project has an annual production capacity of 8.7 kilotonnes (kt) of rare earth oxides and 0.7 kt of niobium oxide

The Araxá Niobium-REE Project’s tenement size is approximately 388.18 square kilometers¹. This extensive area covers a region rich in niobium and rare earth elements, making it a significant asset for St George Mining.

GLTAH