tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Axel REE Ltd. Reports Promising Gallium and REE Discoveries at Caladão and Caldas Projects

Story Highlights
Axel REE Ltd. Reports Promising Gallium and REE Discoveries at Caladão and Caldas Projects

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Axel REE Ltd. ( (AU:AXL) ) is now available.

Axel REE Ltd. has reported exceptional high-grade gallium and REE mineralization at its Caladão Project, with significant lateral continuity across Areas A and B. Initial metallurgical tests have confirmed positive recoveries of REE using low-cost leaching methods, and further test work is ongoing to develop a gallium recovery process. The project currently covers only 20% of the total area, indicating substantial potential for resource expansion. Additionally, the company has expanded its REE footprint at the Caldas Project, with promising drilling results suggesting continuity at depth, further solidifying Axel’s position in the REE and gallium market.

More about Axel REE Ltd.

Axel REE Ltd. operates in the mining industry, focusing on the exploration and development of rare earth elements (REE) and gallium resources. The company is actively working on projects in Australia, with a significant emphasis on the Caladão and Caldas projects, which are known for their high-grade mineralization and potential for substantial resource development.

Average Trading Volume: 494,975

Technical Sentiment Signal: Strong Buy

For a thorough assessment of AXL stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1