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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.056 -0.033 (-37.08%)+
Announcement
Release
11 Feb 2026 8:21AM
Price at Release
$0.089
Full Release
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Summary
Axel REE Limited has confirmed a significant milestone in their mineral extraction efforts, achieving over 96% recovery rate of Magnetic Rare Earth Oxides (MREO) from the Caladao project. The report details the conditions and percentages of various rare earth elements extracted under different reagent conditions and highlights the successful recovery rates across several samples. This achievement signifies a major step forward in the viability and efficiency of their extraction processes, positioning the company strongly in the rare earth elements market.
Key Points
  • Axel REE Limited reports over 96% MREO recovery at Caladao.
  • Different extraction percentages are detailed for La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, Y, Ga, and Pb.
  • Reagent conditions varied across Liquor Based and Acid Water extractions.
  • The report underscores successful rare earth element extraction efforts.
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.