The All Ordinaries Index (ASX: XAO) is up 0.6% in morning trade on Wednesday, with plenty of help from this surging ASX All Ords mining stock.
The fast-rising stock in question is St George Mining Ltd (ASX: SGQ), which just announced a collaboration with global engineering and professional services company Worley Ltd (ASX: WOR).
St George Mining shares closed yesterday trading for 11.5 cents. At time of writing, shares are changing hands for 12.0 apiece, up 4.4%.
This sees shares in the ASX All Ords mining stock up a jaw-dropping 328.6% since this time last year. That's enough to turn a $10,000 investment into $42,857.
In one year.
Worley shares are up 1.4% at $12.15 each.
Here's what's happening.
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ASX All Ords mining stock lifts on Worley agreement
This morning, St George Mining announced that it has appointed Worley Engenharia – the Brazilian subsidiary of Worley – to provide technical advisory services at St George's Araxa Project, located in Brazil.
St George is looking into the potential development of a niobium and rare earths mine at Araxa.
The ASX All Ords mining stock acquired 100% of the Araxa Project, located in proximity to proven niobium mining operations, in February 2025.
St George said it chose Worley for the advisory position in light of the company's "engineering excellence and deep experience in the Brazilian resources sector".
Under the technical services agreement, Worley will provide engineering and project management advice to St George to support development studies for a niobium and rare earths mining operation.
Worley will assist St George Mining with metallurgical and process engineering, feasibility and cost study work, process plant design, mine planning, tailings management, procurement and plant construction.
What did St George and Worley management say?
Commenting on the collaboration with Worley that's helping boost the ASX All Ords mining stock today, St George executive chairman John Prineas said:
As one of the world's largest providers of engineering and project management solutions to the resources sector, Worley brings extensive and relevant expertise to support St George as we advance the potential development of our world-class Araxa Project…
With a world-class resource already defined at our project, the appointment of Worley will enable economic studies to gain momentum as we look to fast-track development and take advantage of our favourable project logistics – notably, a location in an established mining region, access to existing transport and energy infrastructure, availability of an experienced workforce and high-grade mineralisation amenable to open-pit mining, which are all backed by a supportive permitting regime.
Tom Foster, Worley's senior vice president for global operations in Latin America, added, "We're pleased to partner with St George to bring our regional expertise and global capabilities to support the Araxa Project."
