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Axel REE Ltd. ( (AU:AXL) ) just unveiled an update.
Axel REE Limited has announced significant assay results from its ongoing auger drilling program at the Caladão Project in Minas Gerais, Brazil. The results reveal consistent, high-grade gallium and rare earth element intercepts at shallow depths, reinforcing the potential for a large, near-surface mineral resource. The drilling has confirmed the presence of extensive gallium and REE zones, which are expected to enhance the project’s economic value. The company is progressing towards defining a maiden Mineral Resource Estimate, which is anticipated to demonstrate the strategic potential of the broader Caladão system.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the exploration and development of critical minerals such as gallium and rare earth elements (REE). The company is actively engaged in projects located in Brazil, with a particular emphasis on the Caladão Project in Minas Gerais, which aims to define substantial mineral resources.
Average Trading Volume: 512,876
Technical Sentiment Signal: Strong Buy
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