# St George Mining's Araxá resource hits 111Mt, "right up there" with Mt Weld and Mountain Pass

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/st-george-mining-s-arax-aacute-resource-hits-111mt-right-up-there-with-mt-weld-a--6462506b-1da9-422b-8b9f-63c602ba2670

Original source: https://www.proactiveinvestors.com/companies/news/1097192/st-george-mining-s-araxa-resource-hits-111mt-right-up-there-with-mt-weld-and-mountain-pass-1097192.html

Publisher: proactiveinvestors

Original announcement: 2026-08-18T17:35:14.745Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: St George Mining Ltd

- Ticker: SGQ

- Exchange: Unavailable

- Region: Brazil

- Primary commodity: Rare earths

- Secondary commodities: Niobium

- Document categories: Resource update

- Extracted: 2026-08-24 03:56:37 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

St George Mining has upgraded the Araxá rare earths and niobium resource in Brazil to 111.2 million tonnes. The upgrade includes 75.2 million tonnes in the measured and indicated categories, providing a high-confidence base for future development.

Reasoning: The announcement reports a substantial resource upgrade to 111.2Mt with a strong Measured and Indicated component, supported by recent capital raising.

- Positive factor: Significant resource scale \(111Mt\)

- Positive factor: High-confidence M&I component \(75.2Mt\)

- Positive factor: Fully funded through to FID

- Positive factor: Comparison to world-class assets \(Mt Weld, Mountain Pass\)

Facts used in scoring: 3

## Classification and evidence

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource includes 75.2Mt in the measured and indicated categories.

Evidence · text

> 75.2 million tonnes now in the measured and indicated categories

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource includes 75.2Mt in the measured and indicated categories.

Evidence · text

> 75.2 million tonnes now in the measured and indicated categories

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The article discusses the latest resource upgrade at the Araxá project.

Evidence · text

> latest resource upgrade at the Araxá rare earths and niobium project

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Resource Estimates (3)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/st-george-mining-s-arax-aacute-resource-hits-111mt-right-up-there-with-mt-weld-a--6462506b-1da9-422b-8b9f-63c602ba2670#fact-resource-facts-0)

rare\_earths

#### Identity

- Commodity: rare\_earths
- Ticker: SGQ

#### Resource Data

- Category: indicated
- Tonnes: 75200000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-18T00:00:00.000Z

Reasoning: Part of the 75.2Mt M&I resource reported.

- Positive factor: High-confidence category

Evidence · text

> 75.2 million tonnes now in the measured and indicated categories

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/st-george-mining-s-arax-aacute-resource-hits-111mt-right-up-there-with-mt-weld-a--6462506b-1da9-422b-8b9f-63c602ba2670#fact-resource-facts-1)

rare\_earths

#### Identity

- Commodity: rare\_earths
- Ticker: SGQ

#### Resource Data

- Category: measured
- Tonnes: 75200000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-18T00:00:00.000Z

Reasoning: Part of the 75.2Mt M&I resource reported.

- Positive factor: High-confidence category

Evidence · text

> 75.2 million tonnes now in the measured and indicated categories

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/st-george-mining-s-arax-aacute-resource-hits-111mt-right-up-there-with-mt-weld-a--6462506b-1da9-422b-8b9f-63c602ba2670#fact-resource-facts-2)

rare\_earths

#### Identity

- Commodity: rare\_earths
- Ticker: SGQ

#### Resource Data

- Category: inferred
- Tonnes: 36000000

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-18T00:00:00.000Z

Reasoning: Residual tonnage from the 111.2Mt total.

- Negative factor: Lower confidence category

Evidence · text

> Araxá rare earths and niobium project in Brazil, now standing at 111.2 million tonnes

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.