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Axel REE Ltd. ( (AU:AXL) ) has issued an announcement.
Axel REE Ltd. announced significant results from its auger drill program at the Poços de Caldas Caldera, revealing high-grade rare earth elements, including neodymium, praseodymium, dysprosium, and terbium. While these results confirm the project’s potential, the company notes that substantial additional work is needed to assess the viability of further development, indicating that the materiality of this information is considered low due to previous consistent reporting and the need for further exploration and analysis.
More about Axel REE Ltd.
Axel REE Ltd. is an exploration company focused on the discovery and development of rare earth elements (REE). The company is actively engaged in exploration work programs, particularly at the Poços de Caldas Caldera project, where it aims to identify and expand high-grade REE deposits.
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