Axel REE Limited (ASX: AXL) has identified a second potential in-situ recovery (ISR) rare earth target at its Caldas South Project in Brazil, strengthening its strategy of developing low-cost ionic clay-hosted rare earth deposits. Recent auger drilling and magnesium sulphate leach testing confirmed broad, near-surface mineralisation with a laterally continuous ionic adsorption clay system, a key geological characteristic required for ISR extraction. The standout result returned 6 metres at 921 ppm soluble TREO, including 1 metre at 1,542 ppm, while the company highlighted that Caldas South complements its flagship 572 Mt Caladão Project rather than replacing it as the primary development focus.
The company completed an initial 28-hole auger drilling program across more than 12,000 hectares, with several high-grade total and soluble rare earth intersections supporting the project's exploration potential. Management noted that additional hydrogeological studies, permeability testing and metallurgical work are required before confirming ISR suitability. Axel plans to expand the soluble rare earth dataset, undertake mineralogical studies and assess how Caldas South can support the broader Caladão ISR production strategy. The company continues to advance a modular, low-impact development model aimed at reducing capital intensity while unlocking value from rare earths and associated critical minerals in Brazil.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Axel REE Identifies Second ISR Target
Axel REE Limited (ASX: AXL) has identified a second potential in-situ recovery (ISR) rare earth target at its Caldas South Project in Brazil, strengthening its strategy of developing low-cost ionic clay-hosted rare earth deposits. Recent auger drilling and magnesium sulphate leach testing confirmed broad, near-surface mineralisation with a laterally continuous ionic adsorption clay system, a key geological characteristic required for ISR extraction. The standout result returned 6 metres at 921 ppm soluble TREO, including 1 metre at 1,542 ppm, while the company highlighted that Caldas South complements its flagship 572 Mt Caladão Project rather than replacing it as the primary development focus.
The company completed an initial 28-hole auger drilling program across more than 12,000 hectares, with several high-grade total and soluble rare earth intersections supporting the project's exploration potential. Management noted that additional hydrogeological studies, permeability testing and metallurgical work are required before confirming ISR suitability. Axel plans to expand the soluble rare earth dataset, undertake mineralogical studies and assess how Caldas South can support the broader Caladão ISR production strategy. The company continues to advance a modular, low-impact development model aimed at reducing capital intensity while unlocking value from rare earths and associated critical minerals in Brazil.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au