An update from Axel REE Ltd. ( (AU:AXL) ) is now available.
Axel REE Limited announced significant progress in its Caladão Project with continued high-grade gallium and rare earth element (REE) intercepts from surface drilling. The company has completed 417 holes totaling 6,182 meters, revealing promising results that suggest mineralization is open at depth. These findings are crucial as Axel moves towards defining a maiden gallium and REE resource estimate, with metallurgical testing underway. The ongoing success of the drilling program highlights the potential for expansion and positions Axel favorably within the mining sector, promising substantial implications for stakeholders.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and gallium. The company is actively engaged in its flagship Caladão Project located in the Lithium Valley, Minas Gerais, Brazil, where it conducts extensive drilling operations to uncover high-grade mineral resources.
YTD Price Performance: -13.51%
Average Trading Volume: 468,427
Technical Sentiment Signal: Strong Buy
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