A Mining Axe is a tool used to extract Ferrite from mines or rocks. Mining Axes randomly break on failures just as Hand Axes do, so make sure to stock up for long mining trips. As with all common tools, the can be purchased at the General Store, Blacksmith, or Tinker Shop.
If using the Mining Axe for Mining it is also possible to extract Crystals of all colors, Pieces of Coal, Imperfect Ferrite, or Black Ferrite instead of the usual Ferrite. There are two types of specialized Mining Axes: the common Coal Axes and the exceedingly rare Centaur Mining Axes.