St George Mining Expands Araxá Resource to 111.2 Million Tonnes as Hancock-Backed Brazilian Rare Earth Project Advances

Highlights

• Resource upgraded 155% to 75.2Mt Measured and Indicated, totaling 111.2Mt at 3.57% TREO including ~760,000t NdPr oxides
• Hancock Prospecting raised its stake to 10.3% following a A$60M placement; St George holds A$86.2M cash with no customer revenue
• Pilot metallurgical testing underway at CIT-SENAI with a 300kg/hour Araxá facility targeting January 2027 startup
• Proposed Minas Gerais processing center lacks disclosed capital costs, technology partners, or binding offtake agreements
• REEx flags metallurgical recoveries and NdPr payable value as the decisive next catalysts, not further resource expansion