ABx has discovered several new areas of ionic adsorption clay rare earths with high extraction at its Deep Leads project in northern Tasmania. These new areas were identified by recent leach tests of drill samples conducted at ABx’s research laboratory in Launceston, Tasmania.

Our in-house assessment and knowledge gained from external experts indicate that ionic deposits are likely to be substantially lower on the cost curve than otherwise equivalent clay-hosted deposits. Ionic deposits also appear to be very rare, especially in tier 1, dependable jurisdictions such as Australia.

These results significantly increase the commercial potential of the Deep Leads project.