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Axel REE Limited (ASX:AXL)

ALERT: Price-sensitive ASX Announcement for AXL
Current share price for AXL : $0.058 -0.002 (-3.33%)+
Announcement
Release
30 Jul 2026 8:55AM
Price at Release
$0.060
Full Release
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Summary
The document details the exploration activities of Axel REE Limited, focusing on the identification of Caldas South as a promising new target for in situ recovery (ISR) of rare earth elements (REE). The company has completed an initial program of 28 auger holes across seven exploration licenses, assessing the potential of this region to become a second mineralised district akin to the existing Caladão Project. Success at Caldas South could significantly enhance the company's portfolio of ionic REE systems, provided further studies confirm key factors such as permeability and recoverability.
Key Points
  • Caldas South identified as a new target for ISR rare earth elements (REE) exploration.
  • 28 auger holes drilled across seven exploration licenses at Caldas South.
  • Potential for Caldas South to develop as a mineralised district similar to the Caladão Project.
  • Focus on permeability, hydraulic continuity, containment, and recoverability at Caldas South.
  • Results from Caldas South may expand Axel REE Limited's portfolio of ionic REE systems.
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.