St George Mining (ASX: SGQ) has reported the results of the general meeting held in Perth yesterday to consider resolutions associated with the acquisition of the high-grade niobium-REE Araxa Project in Minas Gerais, Brazil.
All resolutions considered at the general meeting were unanimously approved by shareholders.
St George will now proceed to finalise arrangements for the completion of the acquisition of the Araxa project – a transformative deal that propels the Perth-based company onto the global niobium stage.
“We are delighted with the support from shareholders for the acquisition of the Araxa project,” St George executive chairman John Prineas said.
“The project is located in the world’s ‘dress circle’ for niobium production and presents a tremendous platform for St George to become a global player in the niobium market.
“This is an outstanding opportunity to create substantial, long-term value for shareholders and we look forward to commencing active project work programs.”
St George continues to build its team to drive development of the Araxa project. The in-country team includes:
- Adolfo Sachsida as adviser to the board. Mr Sachsida is Brazil’s former Minister of Mines and Energy as well as a past Chief Secretary of Economic Affairs, Ministry for the Economy and Secretary of Economic Policy, Ministry for the Economy.
- Thiago Amaral as Director, ESG and Technical Development. Mr Amaral is an engineer with more than 17 years’ experience at CBMM, the world’s largest niobium producer with key assets located adjacent to St George’s Araxa project. His CBMM roles included Head of Sustainability (including licencing and ESG management); Global Quality and Product Regulation; and Business Development in China.
- Adriano Rios as Consultant, Mining Operations. Mr Rios is an engineer with more than 23 years’ experience at CBMM including as production manager, responsible for planning, managing and monitoring mineral processing and metallurgy units. He also served as a Director of COMIPA, the joint venture between CBMM and CODEMIG (an agency of the State of Minas Gerais) that handles all niobium mining at Barreiro Carbonatite.
St George’s Perth-based team includes Wanderly Basso as senior exploration geologist. Mr Basso is a Brazilian national with extensive experience in mine development activities.
The company has this week also welcomed Caue (Paul) Araujo as Director, Corporate Development. Mr Araujo is a qualified geologist and highly experienced senior business executive. Previous roles included Global General Manager (Mine Finance) at Palaris; Partner / Regional Director – Investment and Business Planning at Hatch in Perth (Advisory); and SRK Consulting – General Manager Brazil.
