Australia's St George Mining jumps on Brazil project's critical minerals resources

St George Mining

11/08/2026 06:51

** Shares of St George Mining SGQ.AX surges as much as 11% to A$0.091
** Stock posts its sharpest intraday gain since May 26 and scales a four-week high
** Miner reports a 155% jump in measured and indicated resources, reinforcing Araxá's status as a key rare earths and niobium Brazilian project
** The expanded resource base spans Total Rare Earth Oxides, Magnet Rare Earth Oxides, neodymium-praseodymium and niobium pentoxide
** Turnover swelled, with nearly 31.3 million shares traded, more than 2.3 times the stock's 30-day average volume 
** Stock last up 7.3%, trimming YTD losses to 11.1%

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))