Axel REE Ltd. (AU:AXL) has released an update.
Axel REE Ltd. has initiated a maiden auger drill program at their 100% owned Caldas Project in Brazil’s Poços de Caldas Alkaline Complex, an area prominent for rare earth elements (REE). The program will target five zones over 222 square kilometers, following high-grade REE discoveries by neighboring companies. This inaugural drilling is part of Axel’s broader IPO exploration strategy, which includes a concurrent diamond drilling program at another project, with updates to follow.
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