Caldas South Identified as New ISR REE Target
Filed with ASX · · 30 pages · English
Summary by 6ix AI
Axel REE Ltd. has announced the identification of Caldas South as a new potential in situ recovery area for rare earth elements, based on recent assay results from auger drilling. The results indicate a continuous ionic adsorption clay rare earth system, supporting the company's low-cost ISR strategy. Notable leach results include significant concentrations of soluble rare earth elements, which are crucial for the ISR process. The Caldas South Block is positioned within the Poços de Caldas Alkaline Complex in Brazil, complementing Axel's existing Caladão Project.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Axel REE
- Investor Webinar Presentation
- Axel Validates Ionic REE ISR Development Pathway
- Appointment of Managing Director
- Woolrich REE Drilling Supports ISR and Resource Upgrade Path
- RIU Resources Round-Up Presentation
Later from Axel REE
- 95% Gallium, 74% Scandium Extraction Achieved at Tiger Creek
- Global MRE increases to 0.71BT REE and 0.6BT gallium
- Pocos de Caldas REE Project Supports Fast Tracking Program
- Trading Halt
- Axel Produces its First MREC
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