Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Axel REE Ltd. ( (AU:AXL) ) has provided an update.
Axel REE reported metallurgical progress at its Caladão REE-Gallium Project in Brazil, where it has chosen the Woolrich deposit for its first in-situ recovery field trial and is running column leach tests to refine wellfield design. Additional leach work confirmed Paraíso as a second ISR target, significantly improved gallium extraction and identified scandium as a potential co-product, supporting a dual development path combining near-term modular ISR on ionic clays with longer-term acid leach to maximise recovery from non-ionic zones.
The company is also advancing infill drilling and 3D modelling at Caladão to underpin future wellfields, while engaging rare earth traders and supply-chain players on specifications, pricing and potential offtake. At its Caldas REE Project, auger drilling has been completed across multiple prospects ahead of defining an initial JORC-compliant Exploration Target, and Axel has strengthened its board with the appointment of veteran geoscientist Ian Reid, ending the quarter with $6.6 million in cash to fund its technical programmes.
More about Axel REE Ltd.
Axel REE Ltd. is an Australian-listed exploration company focused on rare earth elements and critical metals, with flagship projects in Brazil’s so-called Lithium Valley and the Poços de Caldas alkaline complex. The company is advancing resources rich in total rare earth oxides, gallium and scandium, targeting in-situ recovery and acid leach technologies to supply emerging clean energy and high-tech supply chains.
Average Trading Volume: 461,505
Technical Sentiment Signal: Sell
Find detailed analytics on AXL stock on TipRanks’ Stock Analysis page.