Axel Rare Earths reported "significant" gallium mineralization at its Caladao rare earth project in Brazil.
The main mineralization findings are as follows:
◎ 6 meters of mineralization at a depth of 4 meters, with a gallium grade of 0.0071%, including 1 meter of mineralization with a grade of 0.0124%;
◎ 45 meters of mineralization at the surface, with a grade of 0.005%.
The company reported that the gallium mineralization appears to be within the overburden of high-grade rare earth ore, extending over approximately 30 square kilometers.
