Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Axel REE Ltd. ( (AU:AXL) ) has issued an announcement.
Axel REE Limited reported new metallurgical test results from its Caladão Project showing that gallium extraction has been doubled to about 50% using oxalic acid leaching, with leach kinetics still improving beyond 72 hours, indicating significant scope for further optimisation and enhanced project economics. The same testwork also confirmed that scandium is co-leached into solution under these conditions, opening the potential for a high-value scandium co-product alongside gallium and reinforcing Axel’s strategy to develop Caladão into a globally significant operation for gallium, scandium and rare earth elements outside China, supported by ongoing optimisation and downstream recovery studies with Core Resources and parallel advancement of its low-cost in situ rare earths recovery program.
More about Axel REE Ltd.
Axel REE Limited is an Australian resources company focused on developing rare earth elements and associated critical metals, including gallium and scandium, at its Caladão Project. The project hosts large defined resources of rare earths and gallium, and the company is pursuing a multi-product strategy that combines low-cost, modular in situ recovery of ionic rare earths with separate processing of shallow oxidised material to produce gallium and scandium for high-tech, aerospace, defence and clean energy markets.
Average Trading Volume: 397,303
Technical Sentiment Signal: Strong Buy
See more data about AXL stock on TipRanks’ Stock Analysis page.