St George Mining Limited is advancing its Araxá Project in Minas Gerais, Brazil, with significant progress in its first drilling campaign. The company has completed 40 auger drillings and recently initiated reverse-circulation drilling, with diamond core drilling set to begin shortly. In response to increasing global demand for rare earth elements, St George is intensifying its development activities and is an active participant in the MAGBRAS initiative, aiming to establish a permanent production line for rare earth magnets in Brazil. The company has submitted 404 samples for laboratory analysis, with results expected soon. Additionally, St George has conducted an airborne magnetic survey over 270 line kilometers to create a 3D geological model. Environmental studies are progressing to expedite the permitting process, with flora and cave mapping completed and studies on air quality and noise emissions underway.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。