Axel REE Limited (ASX:AXL) Announces Strategic Leadership Transition
Leadership Transition
Axel REE Limited (ASX:AXL) announced that Dr Fernando Tallarico has resigned as Managing Director, effective 31 May 2025. Dr Tallarico contributed significantly to the company’s IPO and the development of its rare earth and gallium portfolio in Brazil.
Corporate Restructure
The company is shifting from exploration to development at the Caladão Project in Minas Gerais, Brazil. Axel has appointed Mr Antonio de Castro as consulting Chief Geologist and Competent Person, and Mr José Roberto Souza as Operations Manager – Brazil. Additionally, Axel has initiated a search for an Australian-based Managing Director to lead the next phase of growth.
Future Developments
Axel is advancing its maiden JORC (2012) Mineral Resource Estimation for REE and gallium and conducting metallurgical test work to determine optimal extraction pathways and project feasibility.
Executive Comments
Non-Executive Chairman Paul Dickson stated, “On behalf of the Board, I would like to thank Dr Fernando Tallarico for his leadership and the important role he played in Axel’s ASX listing and in establishing a strong presence in Brazil over the last 12 months. We are excited about Axel’s future as we move into the next phase of our growth, transitioning from exploration to development. This timely leadership restructure ensures we are well positioned to deliver our maiden JORC Resource for both Gallium and REE and continue to drive exploration success at our Caladão and Caldas Projects. We are focused on building a high-calibre team with the expertise and experience to deliver long-term value for shareholders.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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