Axel REE (ASX:AXL) engaged SRK Consulting and the Australian Nuclear Science and Technology Organization (ANSTO) to conduct its first mineral resource estimate and metallurgical testing for rare earth elements and gallium at the Caladao project in Brazil, according to a Friday filing with the Australian bourse.
SRK Consulting will create documentation to define the mineral resource estimate, guiding the project's development stages and outlining infill drilling paths to boost resource confidence or step-out drilling for potential extension in adjacent areas, the filing said.
ANSTO will conduct extensive testing to assess the extraction potential of ionically adsorbed rare earth elements and gallium from samples, per the filing.
Axel REE's shares rose past 3% in afternoon trade Friday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。