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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.080 0.008 (11.11%)+
Announcement
Release
6 May 2026 9:16AM
Price at Release
$0.072
Full Release
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Summary
The document discusses Axel REE Limited's recent developments related to the Woolrich REE Drilling project. It highlights the company's efforts to support In-Situ Recovery (ISR) and a resource upgrade path through extensive auger drilling activities. The report provides detailed data on various drilling hole locations and their respective measurements, indicating a systematic approach to resource evaluation. The document includes tables of auger hole collar coordinates and a summary of significant Total Rare Earth Oxide (TREO) intercepts, which are crucial for assessing mineral content. These activities are part of Axel REE's strategy to enhance its resource base and improve operational efficiencies.
Key Points
  • Axel REE Limited focuses on Woolrich REE Drilling project.
  • Efforts are made to support In-Situ Recovery (ISR).
  • Extensive auger drilling activities are conducted for resource evaluation.
  • The report includes detailed drilling hole locations and measurements.
  • Tables of auger hole collar coordinates are provided.
  • Summary of significant TREO intercepts is included.
  • Activities aim to enhance resource base and operational efficiencies.
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.