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Axel REE Ltd. ( (AU:AXL) ) just unveiled an announcement.
Axel REE Limited has announced promising metallurgical results from its Woolrich Target at the Caladão Project in Brazil’s Lithium Valley. The initial magnesium sulphate leach tests indicate a viable ionic-adsorption clay system, with soluble total rare earth element oxide (TREO) grades comparable to those of the Gerik ISL REE mine in Malaysia. The results suggest the potential for low-cost, in-situ leach development, positioning Axel as a strong contender in the ionic clay market. The high proportion of magnet rare earth oxides in the leach solutions supports the production of a premium MREC end product, enhancing Axel’s market positioning and potential as a future supplier of high-value REE products.
More about Axel REE Ltd.
Axel REE Limited operates in the rare earth elements (REE) industry, focusing on the exploration and development of ionic clay systems. The company is engaged in producing high-value mixed rare earth carbonate (MREC) products, with a significant emphasis on magnet-rich rare earth oxides (MREO) and neodymium-praseodymium (NdPr) contributions.
Average Trading Volume: 822,745
Technical Sentiment Signal: Sell
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