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Montserrat

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ABx Group (ASX:ABX) is continuing its research into a low impact method of extracting its rare earth element (REE) mineralisation after its 2024 drilling campaign that began in January ended on 6 March.

It was the first drilling specifically for REE at the ‘high-grade’ Rubble Mound zone that has previously only been drilled for shallow bauxite zones.

The company today (13 March 2024) reports ‘high-grade’ REE results from the recently completed 97-hole drilling campaign at Rubble Mound, which enlarged the extent of the ’high-grade’ REE zone within the extensive 52 million tonne Deep Leads-Rubble Mound resource1

The results also expand the areal extent of the REE mineralisation and confirms that ABx’s northern Tasmanian REE exploration target area exceeds 100km-square.

ABx, which has a market capitalisation of $16.50 million, reports the new results are ‘highly’ enriched in rare earths with the most critical supply risk, dysprosium and terbium, with Dy+Tb exceeding 4.5% total rare earth oxide (TREO).

This remains the ‘highest’ proportion of Dy and Tb of any clay-hosted rare earths resource in Australia, and is considered to be ‘very high’ globally.

Read the full article here and don't forget to post your questions. 

Mining.com.au - ABx continues assessing low impact REE extraction