Brazil’s former Mines Minister appointed adviser to St George
ASX-listed St George Mining has appointed former Brazilian Mines and Energy Minister Adolfo Sachsida as an adviser to its board.
Executive chairperson John Prineas welcomed Sachsida to the St George’s team, stating that he was joining as the company entered a new growth phase with the proposed acquisition of the high-grade niobium/rare earth element (REE) Araxá project in Minas Gerais, Brazil.
“Adolfo’s wealth of high-level experience in the government and business sectors of Brazil, including his leadership as Minister of Mines and Energy, will be of enormous value to St George as we strive to build a globally significant niobium company. Aligned with Adolfo’s values and vision for his country, St George wants to create a responsible mining operation in Brazil that can deliver value to all stakeholders,” said Prineas.
The appointment of Sachsida follows the recruitment of Thiago Amaral and Adriano Rios to its Brazilian team, demonstrating the company’s commitment to invest in Brazil and rapidly progress activities at Araxá post-acquisition.
St George aims to close the Araxá acquisition in late September or early October.
The Araxá project provides a strong foundation for St George to quickly progress to potential resource definition and permitting, with extensive high-grade niobium and REE mineralisation already discovered at the project – including more than 500 intercepts of niobium grades above 1%.
The project is located in an established mining district with potential to access infrastructure and labour – factors that are favourable for near-term development potential. The project is located adjacent to the world-leading niobium mining operations of market leader CBMM.
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