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:
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.
- 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.
- Mineral Resources: The project boasts substantial mineral resources, including:
- 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.
- 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
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