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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.060 -0.025 (-29.41%)+
Announcement
Release
30 Oct 2025 10:44AM
Price at Release
$0.085
Full Release
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Summary
Axel REE Limited has delivered its Maiden Rare Earth Elements (REE) Inferred Mineral Resource Estimate (MRE) at the Caladão Project, highlighting a resource of 233 Mt at 2,143 ppm Total Rare Earth Oxides (TREO), with 22% high-value magnet rare earth oxides in Area A. This development follows the company's previous announcement of a Gallium MRE at the same project. The metallurgical tests conducted by ANSTO demonstrated promising recovery rates through low-cost leaching methods, aligning with global ESG standards. The company's financial position remains strong with $7.9M in cash as of 30 September 2025, ensuring continued support for its exploration activities. Axel also achieved a dual listing on the Frankfurt Stock Exchange and is planning to list on the OTC markets in North America to broaden its investor base.
Key Points
  • Maiden Rare Earth Elements (REE) Inferred Mineral Resource Estimate delivered.
  • 233 Mt at 2,143 ppm TREO with 22% high-value magnet rare earth oxides.
  • Promising metallurgical test results using low-cost leaching methods.
  • Strong financial position with $7.9M cash as of 30 September 2025.
  • Dual listed on the Frankfurt Stock Exchange.
  • Plans for OTC markets listing in North America.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.