Axel REE Limited has unveiled further high-grade gallium intercepts from Area B of its Caladão project in Brazil’s Lithium Valley.
The latest results from 97 auger drill holes in Area B continue to highlight exceptional gallium (Ga₂O₃) grades and strong lateral continuity across the mineralised zone. Standout intercepts include:
- 16m at 75 grams per tonne (g/t) gallium oxide (Ga₂O₃) from surface (CLD-AUG-351)
- 8m at 88g/t Ga₂O₃ from surface (CLD-AUG-393)
- 12m at 70g/t Ga₂O₃ from 5m, including 2m at 124g/t Ga₂O₃ from surface (CLD-AUG-333)
The company noted that only 20 per cent of the total 430km² Caladão project area has been tested to date, with mineralisation now confirmed across an 86km² footprint spanning both Area A and Area B.
“The latest gallium assay results from Caladão continue to demonstrate both high grades and remarkable lateral and vertical continuity across both Area A and now Area B,” Axel REE non-executive chairman Paul Dickson said.
“This consistently mineralised profile supports our strategy to rapidly define a significant maiden gallium and REE resource in Area B in addition to the mineral resource estimation for gallium and REE in Area A, which is in the MRE calculation phase with SRK.”
High-grade rare earth elements (REE) results also continue to be returned, with intercepts including 11m at 2718ppm TREO (CLD-AUG-310) and 7m at 1711ppm TREO (CLD-AUG-414).
The company’s ongoing phase two drilling program, comprising 278 holes for 3654m, aims to support resource definition for both gallium and REEs, critical for clean energy and technology applications.
SRK is on track to finalise the Area A mineral resource estimate by early July, while assays from Area B continue to bolster the project’s scalability and strategic value in the global critical minerals market.
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