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The latest update is out from Axel REE Ltd. ( (AU:AXL) ).
Axel REE Limited has announced positive auger drilling results at its Caldas Project in Brazil, confirming significant near-surface REE mineralisation. This development marks a strategic expansion of Axel’s exploration footprint and underscores the potential of the Caldas Project as a district-scale ionic clay discovery. The company is advancing its exploration efforts by targeting the Caldas South prospect and plans to define an Exploration Target supported by metallurgical studies. These efforts aim to enhance resource definition and value creation, contributing to the strategic importance of building non-China supply chains for critical rare earths.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE). The company is primarily engaged in projects within the Poços de Caldas Alkaline Complex in Brazil, aiming to establish a non-China supply chain for critical REEs and gallium.
Average Trading Volume: 765,318
Technical Sentiment Signal: Strong Buy
For detailed information about AXL stock, go to TipRanks’ Stock Analysis page.