St George Mining is now dual listed on the Frankfurt Stock Exchange with the ticker FSE: SOG, broadening the company’s access to European capital markets amid surging demand for critical minerals.
No new shares were issued for the listing, with the ASX remaining St George’s primary exchange. St George also appointed investor relations agency Dr Reuter IR to spearhead engagement in Germany, Austria and Switzerland.
The move aligns with the company’s strategy to leverage its Araxá project in Brazil, a globally significant rare earths and niobium asset. St George acquired Araxá in February. The standout project is in the Brazilian state of Minas Gerais, adjacent to CBMM’s world-leading niobium operations.
Araxá’s JORC-compliant 40.6-million-tonne resource grading at 4.13 per cent total rare earth oxides (TREO) and 41.2Mt at 0.68 per cent niobium pentoxide ranks it among the world’s largest and highest-grade hard-rock rare earths deposits.
Notably, shallow scout auger drilling 1 kilometre northeast of the main resource has intercepted exceptional grades, including 13.5 metres at 12.34 per cent TREO and up to 3.33 per cent neodymium-praseodymium (NdPr), with NdPr-to-TREO ratios reaching 35 per cent.
St George immediately followed up the July results with reverse circulation and diamond drilling to begin exploring the deposit’s extent.
St George Mining executive chairman John Prineas said: “Our Frankfurt listing increases exposure to European investors, providing another pathway for investment in St George shares. Our globally significant rare earths and niobium resources in Brazil have the potential to deliver an alternative and sustainable supply chain to markets outside of China.”
Global supply chain shocks, triggered by China’s export restrictions on rare earths and magnets, have intensified interest in non-China sources.
Dr Reuter IR chief executive officer Dr Eva Reuter noted St George’s timing was ideal for engaging with European investors, as industries seek secure rare earth supply chains and investors pursue high-quality critical minerals companies.
Araxá’s carbonatite-hosted deposit, broadly similar to MP Materials’ Mountain Pass project in California and Lynas’ Mt Weld project in Western Australia, offers timely competitive advantages, especially with its high-grade mineralisation starting at surface.
Past drilling results at Araxá confirm more than 500 intercepts grading better than 1 per cent and up to 8 per cent niobium pentoxide, accompanied by up to 33 per cent TREO.
The Araxá project benefits from regional infrastructure, a skilled workforce and has support via a Brazilian government funding initiative and a cooperation agreement with Minas Gerais for expedited approvals.
St George is also exploring US market opportunities, including potential listings and downstream partnerships for rare earths and niobium products. It could potentially build on other recent models, such as the US Defence Department’s recent $400 million investment in MP Materials’ Mountain Pass project and the company’s magnet supply deal with Apple.
The Frankfurt listing catapults St George into a prime position to attract European capital, amplifying its role as a non-China alternative for critical minerals.
With Araxá’s high-grade rare earths and niobium hosted in the carbonatite-rich Barreira complex, St George is well-positioned to meet global demand, supported by strategic partnerships and ongoing drilling to unlock further value.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Doug Bright
