Australia's St George Mining hits more than 2-month high on niobium find in Brazil

St George Mining

08/01/2026 03:13

** St George Mining SGQ.AX jumps as much as 9.1% to A$0.12, highest since October 27

** Co finds high-grade niobium at its Araxá rare earths and niobium project in Minas Gerais, Brazil

** Says discovery could potentially support significant expansion of project mineral resource estimate volumes

** Niobium is a critical metal with applications in steel production, batteries, electronics and aerospace industries, among others

** SGQ surged 296% in 2025

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))