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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
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