InvestSMART

Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.084 0.024 (40%)+
Announcement
Release
22 Jun 2026 9:38AM
Price at Release
$0.060
Full Release
download
Summary
Axel REE Limited has announced significant progress in validating its ionic rare earth element (REE) in-situ recovery (ISR) development pathway, following successful column leach tests at its Woolrich deposit. The tests demonstrated the recovery of high-grade, magnet-rich rare earth oxides with minimal impurities, using a mild magnesium sulphate solution, under dynamic ISR-analogue flow conditions. This marks a crucial step in moving from laboratory validation to field-scale ISR development, with Axel poised to potentially become a pioneering force in commercial ISR REE extraction in Minas Gerais, Brazil.
Key Points
  • Axel REE Limited's column leach testwork program has shown promising results for in-situ recovery (ISR) at the Woolrich deposit.
  • The column test CLT-01 recovered 560ppm soluble total rare earth oxides (TREO), exceeding previous diagnostic results.
  • High-grade, magnet-rich rare earth recovery was achieved with very low impurity levels, supporting a low-impact, sustainable ISR development pathway.
  • The results are generating operating data necessary for designing ISR field exploratory tests, marking a transition from laboratory to field-scale development.
  • The testwork confirms Woolrich behaves as a genuine ionic-clay system, amenable to ISR conditions.
  • Axel aims to position itself as a first-mover in commercial ISR rare earth extraction in the region.
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.