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Axel REE Ltd. ( (AU:AXL) ) just unveiled an announcement.
Axel REE has announced a maiden JORC 2012 Inferred Mineral Resource for Area B at its Caladão REE–Gallium Project of 339 million tonnes grading 1,075ppm total rare earth oxides and 36.6ppm gallium, using a 500ppm TREO cut-off. This lifts the combined Area A and B inventory to 572 million tonnes at 1,506ppm TREO and 439 million tonnes at 38ppm gallium, marking increases of 145% and 339% respectively, and establishing Caladão as a district-scale ionic clay rare earth project and one of the world’s largest discrete gallium deposits. Early metallurgical work has demonstrated strong leachability and amenability to low-cost in-situ recovery using magnesium sulphate, comparable to established Asian ISL operations, supporting the economics of potential modular in-situ leach development. The enlarged resource base will underpin scoping studies and further testwork through 2026, as the company advances infill drilling, soluble-REE analyses and hydrological assessments to define zones for trial mining and strengthen its position in global rare earth and gallium supply chains.
More about Axel REE Ltd.
Axel REE Limited is an Australian-listed exploration and development company focused on rare earth elements and gallium, with its flagship Caladão Project located in Brazil’s Minas Gerais state within the country’s so‑called Lithium Valley. The project targets ionic clay-hosted rare earths, including key magnet rare earths such as NdPr and DyTb, alongside a significant gallium endowment, positioning the company to supply critical materials to global technology and energy markets.
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Technical Sentiment Signal: Hold
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