ABx has been granted Exploration Licence EL25/2022 for an initial five-year term, within ABx’s highly prospective rare earths exploration region in northern Tasmania. The tenement is 18 km2 and is located between the existing Rubble Mound and Wind Break deposits, which form part of the Company’s resource estimate of 89 million tonnes.

In securing the tenement, ABx excluded areas that it considered not prospective for rare earths, and areas of high-value agricultural land. This is in accordance with ABx policy to strive to leave land and environment better than we find it, and to only operate where welcomed.