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The latest update is out from Axel REE Ltd. ( (AU:AXL) ).
Axel REE Limited has reported promising results from its second batch of auger drill assays at the Caldas Project, revealing exceptionally high-grade rare earth element mineralization. The latest drilling results show consistent, high-grade intercepts near the surface, with significant proportions of high-value magnetic rare earths. This development supports Axel’s strategic positioning in a region with major adjacent discoveries and highlights the potential for further exploration success at greater depths. The company is progressing towards resource estimation and metallurgical testing at its flagship Caladão REE and Gallium discovery, promising more valuable insights for shareholders.
More about Axel REE Ltd.
Axel REE Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements (REE). The company’s primary project is the Caldas Project, located in the Poços de Caldas Alkaline Complex, a site known for world-class REE deposits. Axel is committed to advancing its exploration efforts to capitalize on the high-value magnetic rare earths present in this region.
YTD Price Performance: -12.16%
Average Trading Volume: 1,395,001
Technical Sentiment Consensus Rating: Strong Buy
Find detailed analytics on AXL stock on TipRanks’ Stock Analysis page.
