Why did SGQ rise 8.5% on 11 Aug 2026?

St George Mining reported a 155% increase in its Measured & Indicated resource at the Araxá rare earths and niobium project, triggering a significant re-rating of the stock.

The market-sensitive ASX announcement of a 155% increase in M&I resources at Araxá was released approximately 3.5 hours before the abnormal price move was detected, providing a direct and well-timed catalyst. This is reinforced by multiple Kalkine news articles covering the resource upgrade and record drill intercepts, amplifying retail investor awareness. The sector index (^AXMJ) moved only marginally (+0.51%) and below its ATR threshold, confirming the move is stock-specific rather than sector-driven.

Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice.

On $10,000 in each fund, at the weight it holds today. A fund of funds counts what it holds through the funds inside it.

• VOLTETFS GLOBAL LITHIUM MINERS ETF0.68% of the fund+$6›