Axel REE Unveils High-Grade REE-Gallium Finds at Caladão Project in Brazil
Axel REE (ASX: AXL) has continued to define a significant gallium opportunity with further high-grade assay results at its Caladão project in Minas Gerais, Brazil.
The new results from ongoing auger drilling program at Area B within the Caladão project continue to highlight the broad, laterally extensive rare earth elements (REE) and gallium zones.
Gallium is officially classified as a critical mineral by various countries including Australia, the USA, the EU, India, Japan, and the UK, due to its essential role in high-tech applications and national security concerns.
Numerous Intercepts
The ongoing auger drilling program at Area B has returned numerous high-grade gallium intercepts including 9 metres at 86 grams per tonne gallium from surface, 4m at 95g/t gallium from surface, and 15m at 83g/t gallium from surface.
Non-executive chair Paul Dickson said the results so far have highlighted the potential for a coherent, laterally extensive resource footprint of high-grade REE intercepts.
“The correlation between elevated gallium values overlying the rare earth zones with enhanced total rare earth oxide grades adds strategic value to the project economics,” Mr Dickson said.
Key Target Zones Drilled
Axel REE has now completed 597 auger holes for a total of 8,449 metres across key target zones in the ongoing program at Caladão.
“The Caladão project continues to exceed expectations, with strong evidence that weathered profile in Area B is enriched with gallium and rare earths, in line with our exploration model,” Mr Dickson added.
“The team’s technical work is setting a strong foundation for resource delineation and future development opportunities.”
June Drilling Success
The latest results back up Axel’s report in mid-June of high-grade gallium intercepts from 97 holes in its Phase 2 auger drilling program at Area B.
Significant gallium intercepts in that program included 12m at 70g/t gallium from 5m, 2m at 124g/t gallium from surface, and 8m at 88g/t gallium from surface.
The company will include these results in defining maiden mineral resource estimates at both Area A and B to demonstrate the scale and strategic potential of the broader Caladão system.