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Brazilian Carajás Rare Earth Mine Announces First Gallium Resource Estimate
Aug 25, 2025 15:56Source:SMM
Axel REE Announces Its First Inferred Gallium Resource at the Caladao Rare Earth Project in Brazil
Axel REE Announces First Inferred Gallium Resource at Caladao Rare Earth Project in Brazil.
Currently, the project has an inferred ore resource of 100 million mt with a gallium (oxide) grade of 0.0042%, equating to 4,200 mt of metal content.
The current price for this critical metal is $385,000/mt.
The aforementioned gallium resource was delineated within a 33 square kilometer area in Block A. Block B, covering 58 square kilometers, has yet to have its resources estimated.
The company believes this is the first gallium resource in Brazil and one of the largest gallium deposits globally.
Only 20% of the company's 430 square kilometer mining rights have been explored, indicating potential for resource expansion.
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