Axel REE (ASX:AXL) has expanded the scale of its flagship Caladão REE–Gallium Project in Minas Gerais, Brazil, with the delivery of a maiden JORC (2012) inferred mineral resource estimate for Area B, confirming the project as a district-scale critical minerals system.
The new Area B resource totals 339Mt at 1,075ppm total rare earth oxides and 36.6ppm gallium, using a 500ppm TREO cut-off, lifting the combined Area A and B resource to 572Mt at 1,506ppm TREO—a 145% increase—and 43Mt at 38ppm gallium, a 33% increase.
The updated resource spans approximately 151km2, representing only about 35% of the total Caladão tenure, and positions the project as one of the largest ionic clay-hosted rare earth projects in the Americas and one of the world’s largest discrete gallium deposits.
Mineralisation in Area B is distributed across the Marambaia, Tiger Creek and Woolrich deposits, providing multiple potential development fronts.