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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.069 -0.031 (-31%)+
Announcement
Release
13 Nov 2025 9:10AM
Price at Release
$0.100
Full Release
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Summary
Axel REE Limited announced the appointment of GE21 Consultoria Mineral Ltda to undertake a Mineral Resource Estimate (MRE) for gallium and rare earth elements at the Caladão Project's Area B in Brazil. This initiative marks a significant milestone for Axel as it transitions from exploration to development, with the MRE expected to be completed by Q4 2025. This project is strategically important due to its potential as a primary source of gallium, a critical element in which China dominates global supply. The MRE will build on existing resources at Area A and is intended to support metallurgical testing and economic assessments, paving the way for future development in Brazil's Lithium Valley.
Key Points
  • GE21 Consultoria Mineral Ltda appointed for MRE at Caladão Project - Area B.
  • Area B located in Padre Paraíso, Minas Gerais, Brazil.
  • Project aims to expand existing 233Mt REE and 100Mt gallium resources.
  • MRE completion expected by end of December 2025.
  • Strategic significance due to China's dominance in gallium supply.
  • Caladão targets a stand-alone in-situ gallium deposit.
  • Project supports metallurgical testing and preliminary economic assessment.
  • Project benefits from strategic location near Brazilian industrial hubs.
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.