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Axel REE Ltd. ( (AU:AXL) ) has shared an update.
Axel REE Limited has announced a maiden Mineral Resource Estimate (MRE) for gallium at its Caladão Project in Minas Gerais, Brazil, marking a significant milestone as one of the largest non-alumina/bauxite gallium deposits globally. The MRE, completed by SRK Consulting, stands at 100Mt @ 42ppm Ga, highlighting the project’s potential to become a leading source of critical minerals. This development positions Axel ahead of its peers in the critical metals sector, especially in light of China’s export ban on gallium, which underscores the strategic importance of Axel’s discovery. The Caladão Project’s location in a well-established mining district further enhances its potential, with ongoing exploration and resource expansion efforts expected to solidify Axel’s role in the global gallium market.
More about Axel REE Ltd.
Axel REE Limited is a company operating in the critical minerals industry, focusing on the exploration and development of rare earth elements (REE) and gallium. Their primary project is the Caladão REE-Gallium Project located in Brazil’s Lithium Valley, known for its rich mining ecosystem and infrastructure. The company is strategically positioned to leverage the growing demand for strategic metals essential for the clean energy transition.
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Technical Sentiment Signal: Buy
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