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Axel REE Ltd. ( (AU:AXL) ) has issued an announcement.
Axel REE Limited has announced significant results from its Phase One drilling program at the Caladão Project, revealing high-grade and thick intercepts of rare earth elements and gallium. The results have expanded the mineralized area by extending gallium mineralization beyond the Caladão granite into the leucogranite host rock, and the company is progressing with its maiden Mineral Resource Estimate and metallurgical testing.
More about Axel REE Ltd.
Axel REE Limited operates in the mining industry, focusing on the extraction and exploration of rare earth elements (REE) and gallium. The company is engaged in projects located in the Lithium Valley, Minas Gerais, Brazil, with a market focus on high-grade mineral deposits.
YTD Price Performance: -29.73%
Average Trading Volume: 297,667
Technical Sentiment Consensus Rating: Strong Buy
For a thorough assessment of AXL stock, go to TipRanks’ Stock Analysis page.