Axel REE has seen strong results from a channel sampling program at its flagship Caladão project in Brazil, confirming widespread high-grade total rare earth oxide (TREO) mineralisation.
The program was conducted over an 8km east-west linear area, revealing consistent and continuous TREO mineralisation.
Over 40 per cent of the TREO comprised magnetic rare earth oxides (MREO), supporting Caladão’s potential as a district-scale, high-grade discovery.
Key results from seven channel samples taken from inactive artisanal mines include:
- CLDCHN 001: 15m at 3784ppm TREO (34 per cent MREO)
- CLDCHN 002: 15m at 2013ppm TREO (30 per cent MREO)
- CLDCHN 005: 30m at 5568ppm TREO (40 per cent MREO)
- CLDCHN 006: 30m at 5742ppm TREO (39 per cent MREO)
Mineralisation was found in weathered saprolites, suggesting near-surface continuity and cost-efficient mining opportunities.
These results, combined with ongoing diamond drilling over 30km2, represent less than 10 per cent of the total Caladão project target area.
“The channel sampling program at the Caladão project was conducted in conjunction with our phase one 2600m diamond drill program, to test the lateral extent of REE mineralisation and speed up our process to a target resource area,” Axel REE managing director Fernando Tallarico said.
“These channel samples, which covered an 8km east-west linear area, coupled with our high-grade diamond and auger drill results confirm that we are in a huge REE-mineralised system.
“This validates our exploration approach and positions Caladão closer to a development-ready opportunity.”
With a 20,000m drill campaign underway, Axel REE plans to release further results progressively.
“The extensive TREO mineralisation and high proportion of the high-value MREO in weathered saprolites not only offers near-surface continuity but also aligns with cost-efficient mining techniques, making it a highly attractive proposition,” Tallarico said.
The Caladão project is positioned to become a significant resource for rare earth elements, critical for technologies needed in the global energy transition.
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