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Axel REE Ltd. ( (AU:AXL) ) just unveiled an update.
Axel REE Ltd. has announced a significant milestone with the release of a 233Mt Inferred Mineral Resource Estimate (MRE) for rare earth elements at its Caladão Project in Brazil. This new estimate, combined with a previously announced 100Mt gallium resource, underscores the project’s dual-commodity potential and international relevance. The conservative approach used in the MRE suggests substantial room for resource expansion, particularly as metallurgical tests indicate higher recovery rates than those applied in the current model. The company plans to proceed with infill drilling and further metallurgical testing to enhance resource confidence and explore additional areas within the project.
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 strategically positioned in the critical minerals market, with its primary project, the Caladão REE-Gallium Project, located in Minas Gerais, Brazil.
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Technical Sentiment Signal: Strong Sell
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