High-Grade Gallium and REE Discovery Strengthens Axel REEs Caladao Project

Axel REE Limited (ASX: AXL) has unveiled encouraging auger drilling outcomes from Area B of its Caladão Project, located in Minas Gerais, Brazil. The latest assays confirm widespread, shallow high-grade gallium (Ga₂O₃) mineralisation—intercepts include 9m @ 86g/t and 15m @ 83g/t from surface. These findings reinforce Area B's potential for a large, near-surface gallium resource. Additionally, several high-grade rare earth element (REE) intercepts have been recorded, with Total Rare Earth Oxide (TREO) concentrations reaching up to 7,523 ppm. The mineralisation shows lateral continuity in regolith over granite-charnockite formations, aligning with Axel's exploration model. With over 597 holes drilled and all remaining samples submitted for analysis, the company is advancing toward maiden resource estimates for both gallium and REEs. Chairman Paul Dickson emphasized that the results support a robust foundation for future development, underscoring the Caladão Project’s strategic importance in the critical minerals supply chain

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