In November 2025, a program of 38 scout auger drill holes was completed, targeting the extension of ABx’s T8 rare earth province discovery southeast of Launceston. Sixteen (16) of the holes contained intercepts exceeding the 350 ppm TREO-CeO2 cut-off grade used in previous resource estimates. The new area, based on the most prospective hole (TB030), has been designated as ‘T30’.

There was 7m of rare earth mineralisation in hole TB030 in the northeast of EL27/2022, with an interval average of 707 ppm TREO from 4m below surface This hole is located 80m from the 2025 mineralised discovery hole TB002. Over the enriched 7m interval, TB030 had a 5.4% Dy+Tb/TREO ratio, consistent with ABx’s now familiar world class proportions of these two most sought after heavy rare earth elements.

ABx is seeking to extend its footprint by securing tenure immediately west of EL27/2022 and EL28/2022 (EL1/2026 application). Cursory assaying of historical ABx bauxite drillholes near Conara within EL7/2010 resulted in encouraging assays up to 1102 ppm TREO.