Axel REE Unveils 233Mt Rare Earth Mineral Resource at Caladao Project.

Axel REE Limited (ASX: AXL) has announced a JORC (2012) Inferred Mineral Resource Estimate of 233 million tonnes at 2,143ppm TREO, with 22% high-value Magnet Rare Earth Oxides (MREO/TREO), at its Caladao Project in Minas Gerais, Brazil. The maiden REE resource, covering just ~33km² of Area A and less than 10% of the overall project, highlights the scale and strategic importance of the deposit. Importantly, SRK’s conservative methodology capped metallurgical recoveries at 31%, though preliminary ANSTO test work has returned recoveries of up to 52%, which could potentially double the resource tonnage under the model.

This REE resource, combined with the recently defined 100Mt Gallium resource, strengthens Caladao’s dual-commodity profile. Ongoing metallurgical studies aim to advance a low-cost heap leach extraction method, potentially reducing environmental impact and capital expenditure. With infill drilling and expansion programs planned, Axel is well positioned to advance Caladao into a globally significant critical minerals project.

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