SGQ 4.69% 3.1¢ st george mining limited

Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-234

  1. 13,275 Posts.
    lightbulb Created with Sketch. 467
    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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