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.
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