Materials

Axel REE Limited (ASX:AXL) Commences Mineral Resource Estimate and Metallurgical Testing at Caladão Project

ClubAI 12:39 pm

Mineral Resource Estimate

Axel REE Limited has engaged SRK Consulting to commence a JORC 2012 Inferred Mineral Resource Estimate for rare earth elements and gallium at the Caladão Project. The initial estimate will cover 35 km² of high-grade mineralisation in Area A, with the potential to extend to an additional 25 km² in Area B.

Metallurgical Testing

The company has also partnered with the Australian Nuclear Science and Technology Organisation (ANSTO) to start metallurgical testing. This testing aims to optimise leach recoveries, impurity removal, and precipitation of REE and gallium, crucial for processing efficiency.

Executive Comments

Managing Director Dr Fernando Tallarico stated, “We are very pleased to see this important next step in the Caladão Project’s development underway. We have so far achieved outstanding REE and gallium results across a potentially district scale system over 60 km² and we are delighted to have globally recognised experts SRK and ANSTO on board to complete the maiden Mineral Resource Estimate and metallurgical testing.”

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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