SGQ st george mining limited

Ann: HIGH-GRADE NIOBIUM AND REE JORC RESOURCE FOR ARAXA, page-8

  1. 268 Posts.
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    In the December 2024 quarter, Lynas reported an average selling price of A$49.2 per kilogram
    https://hotcopper.com.au/data/attachments/6911/6911943-aa1f4c510c566786703b497d9d66f708.jpg


    So we can use the two figures above for calculation: the TREO average selling price of A$49.2 per kilogram and the niobium average selling price of A$120.50 per kilogram;

    So

    niobium in ground value = 280.16m * 120.5 = A$ 33.76 billion!!
    REE in ground value = 1678m * 49.2 = A$82.6 billilion!!

    Woohoooooo, the total in ground value = ~A$ 116 billion based on today's JORC resource!!


    https://hotcopper.com.au/data/attachments/6911/6911944-771184c50b7dd1e01e30c190bdce85fa.jpg
 
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