Rare Earths Drilling Testing Shallow Mineralisation
Released
Released
Announcement PDF
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ABx Group Limited
Suite 2, Level 11, 385 Bourke St, Melbourne VIC 3000, Australia
ABN 14 139 494 885 P: +61 3 9692 7222 | F: +61 2 9956 7355
Rare Earths Drilling Testing Shallow Mineralisation
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ABx drilling is finding extensions of the T8 Rare Earths discovery. Assays pending
The grades of Tb & Dy in all of ABx’s rare earth resources are the highest of any ionic
adsorption clay deposit in Australia and amongst the highest globally
The lightweight rig is designed to have no impact on the cleared grazing land where
these rare earths occur near surface, typically starting at 0.5 metres depth
Pursuant to approvals from government and landholders, ABx Group Limited (ASX: ABX) has
commenced drilling to expand the high grade T8 rare earth elements (REE) mineralisation
that ABx’s scout drill campaign discovered in May 20251
- see Table 1, Figures 1 to 4. The first
3 holes have encountered the target horizon at surface, within 0.5 metres depth.
Table 1: REE discovery hole TB008 in tenement EL27/2025. Hole ended still in the mineralised layer
ABx’s Tasmanian rare earth projects are suited to early low cost production because they are
shallow, ionic absorption clay type of rare earth resources enriched in the most critical rare
earths dysprosium (Dy) and terbium (Tb). ABx has strong relationships with planned
processing operations in the USA, such as Ucore.2
Dr Mark Cooksey, Managing Director and CEO of ABx Group, commented:
“ABx is excited to be finding extensions of this shallow target horizon that hosts the T8 high grade
rare earth mineralisation. ABx’s REE mineralisation in northern Tasmania is exceptionally high
grade in Dy & Tb, which is potentially globally significant and unmatched in Australia. ABx is
investigating a low cost, low impact method of rapidly developing this rare earth province.
“China’s restriction on exports of critical heavy rare earths, especially Dy & Tb, sends a clear
message to the global market and ABx is in a unique position with its Dy & Tb-rich shallow clay-
hosted rare earth deposit in a stable jurisdiction. Dy & Tb are vital for many products including
modern cars, phones, military technologies and offshore wind turbines. This is recognised by the
industry, for example our MoU to supply rare earth feedstock to Ucore, which is planning a
Strategic Metals Complex in Louisiana with the support of the US Government.”
1
ASX Announcements, 5 & 7 May 2025
2
ASX Announcement, 4 September 2024
ASX Announcement
12 November 2025
ASX: ABX
TB008 East 530787 Nth 5395777
From
(m)
To
(m)
TREO
ppm
TREO-
CeO2
ppm
Perm
Mags
ppm
Dy+Tb
TREO
%
Nd2O3
ppm
Pr6O11
ppm
Tb4O7
ppm
Dy2O3
ppm
Other
REE
ppm
0 1 276 165 57 3.2% 39 10 1 8 219
1 2 5,318 3,113 1,218 2.9% 849 213 22 134 4,100
2 3 1,404 1,045 322 4.6% 206 51 8 56 1,082
Permanent Magnet REE
ASX announcement 12 November 2025
page 2
Figure 1: Location of T8 Drilling campaign in November 52 km east of the ABx’s REE Resources
Figures 2-4: Commencing
new drill program along
strike from TB008 in
EL27/2022 Temple Bar
This shallow mineralised
layer starts immediately
below the thin grey soil
Further reports: ABx looks forward to updating shareholders about the progress of its rare
earths business, including the quality of the first mixed rare earths carbonate sample to be
produced by ANSTO from the Deep Leads bulk sample in the near future, which is eagerly
awaited by potential customers.3
This announcement is approved for release by the board of directors.
For further information please contact:
Dr Mark Cooksey
MD & CEO
ABx Group
+61 447 201 536
mcooksey@abxgroup.com.au
www.abxgroup.com.au
Media
Chapter One Advisors
David Tasker / Alex Baker
+61 433 112 936 / +61 432 801 745
dtasker@chapteroneadvisors.com.au /
abaker@chapteroneadvisors.com.au
3
ASX Announcement, 13 October 2025
New drilling
campaign
5430000N
525000E
475000E
5375000N
ASX announcement 12 November 2025
page 3
About ABx Group Limited
ABx Group Limited (ABx) is a uniquely positioned Australian company delivering materials
for a cleaner future.
The three priority projects are:
• Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western
supply chains
o Processing Options Analysis conducted in partnership with external experts
• Clean fluorine chemical production: Producing industrial chemicals from aluminium
smelter by-product (ALCORE)
o Continuous pilot plant under construction in Bell Bay, Tasmania
• Near-term bauxite production: Mining bauxite resources for the aluminium, cement and
fertiliser industries
o Agreements executed with Good Importing International for bauxite projects in
Queensland and New South Wales, and $2.7 million initial payment has been
received
o Approvals well advanced for DL130 bauxite project in northern Tasmania
ABx endorses best practices on agricultural land and strives to leave land and environment better
than we find it. We only operate where welcomed.
Disclaimer Regarding Forward Looking Statements
This ASX announcement (Announcement) contains various forward-looking statements. All statements other than statements of
historical fact are forward-looking statements. Forward-looking statements are inherently subject to uncertainties in that they may
be affected by a variety of known and unknown risks, variables and factors which could cause actual values or results, performance,
or achievements to differ materially from the expectations described in such forward-looking statements.
ABx does not give any assurance that the anticipated results, performance, or achievements expressed or implied in those forward-
looking statements will be achieved.
Competent Persons Statement
The information in this report that relate to Exploration Information and Mineral Resources are based on information compiled by Ian
Levy who is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Levy is
a qualified geologist and a director of ABx Group Limited. Mr Levy has sufficient experience, which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person
as defined in the 2012 Edition of the Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves.
Mr Levy has consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears.
Table 2 - Summary of resource estimation information of 20 November 2023 referred to above, in accordance with LR 5.8.1
Geology and geological interpretation REE mineralisation occurs in clay layers that overlie a Jurassic age dolerite
basement in a district with some residual weathered Tertiary age alkali basalt.
Jurassic age tholeiitic dolerite and Tertiary age bauxite-laterite are the main
bedrock geological units. Paleochannels host thicker clay zones which host
the rare earth element mineralisation.
Sampling and sub-sampling techniques Sampling was at 1 metre intervals. Subsampling for assaying is by quartering
the clay samples twice and each time, mixing diagonally opposite quarters.
Assay results from resampling correspond satisfactorily.
Drilling techniques Auger drilling
Criteria used for classification, including
drill and data spacing and distribution.
Not applicable for this report on a test of exploration technology.
Sample analytical method Assay samples are analysed by standard NATA-approved induction coupled
plasma analytical methods for rare earth elements at ALS labs in Brisbane
(method ME-MS81) and LabWest in Perth (method MMA04). Interlab
comparisons proved satisfactory.
Estimation methodology Not applicable for this report about a scout drilling campaign
Cut-off grade Not applicable for this report about a scout drilling campaign
Mining and metallurgical methods and
parameters, and other modifying factors
Not applicable at this initial discovery stage.
ASX announcement 12 November 2025
page 4
JORC Code Appendix 1
Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling
techniques
• Natureandqualityofsampling(egcutchannels,randomchips,orspecificspecialisedindustrystandard
measurementtoolsappropriatetothemineralsunderinvestigation,suchasdownholegammasondes,or
handheldXRFinstruments,etc).Theseexamplesshouldnotbetakenaslimitingthebroadmeaningofsampling.
• Drill hole samples from auger drilling to 12 metres
maximum depth but typically 3 to 5 metres depth.
Most holes did not reach bedrock.
• Include reference to measures taken to ensure sample representivity and the appropriate
calibration of any measurement tools or systems used.
• Aspects of the determination of mineralisation that are Material to the Public Report.
• Incases where‘industrystandard’ workhasbeendonethis wouldberelativelysimple(eg‘reversecirculation
drillingwasused toobtain1m samples from which 3kg waspulverisedtoproducea 30gchargefor fire
assay’).Inother casesmoreexplanationmaybe required, suchaswherethereiscoarsegold thathas inherent
samplingproblems. Unusualcommoditiesor mineralisationtypes(egsubmarinenodules) may warrant
disclosureofdetailed information.
Drilling
techniques
• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic,
etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling
bit or other type, whether core is oriented and if so, by what method, etc).
• Auger holes.
Drill sample
recovery
• Method of recording & assessing core and chip sample recoveries and results assessed.
• Measures taken to maximise sample recovery & ensure representative nature of the samples.
• Whether a relationship exists between sample recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of fine/coarse material.
• Weight tests indicated reliable sample recovery except
for first metre in soils (not used in resource estimates)
• No relationship between sample recovery and grade has
been observed to date.
Logging • Whethercoreandchipsampleshavebeengeologicallyandgeotechnicallyloggedtoalevelofdetailtosupport
appropriateMineralResourceestimation,miningstudiesandmetallurgicalstudies.
• Whether logging is qualitative or quantitative. Core (or costean, channel, etc) photography.
• The total length and percentage of the relevant intersections logged.
• Geologically logged by senior geologists. Every sample
photographed, with photos, logs and assays entered
into ABx’s proprietary ABacus database.
Sub-sampling
techniques
and sample
preparation
• If core, whether cut or sawn and whether quarter, half or all core taken.
• If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
• Forallsampletypes,thenature,qualityandappropriatenessofthesamplepreparationtechnique.
• Qualitycontrolproceduresadoptedforallsub-sampling stagestomaximiserepresentivityofsamples.
• Measures taken to ensure that the sampling is representative of the in situ material collected, including for
instance results for field duplicate/second-half sampling.
• Whether sample sizes are appropriate to the grain size of the material being sampled.
• Chips are subsampled using bauxite shovel and quartering
method in accordance with ISO standards for fine damp
clay material.
Quality of
assay data
and
laboratory
tests
• The nature, quality and appropriateness of the assaying and laboratory procedures used and
whether the technique is considered partial or total.
• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in
determining the analysis including instrument make and model, reading times, calibrations factors
applied and their derivation, etc.
• Natureofqualitycontrolprocedures adopted(eg standards,blanks, duplicates,externallabchecks)& whether
acceptablelevelsofaccuracy (ielackofbias)&precisionhavebeenestablished.
• Assaying done at NATA-registered commercial labs of
ALS Brisbane Australia and Labwest Minerals Analysis in
Western Australia. Duplicate interlab assays and
different lab assaying procedures corresponded well.
ASX announcement 12 November 2025
page 5
Criteria JORC Code explanation Commentary
Verification
of sampling
and assaying
• The verification of significant intersections by either independent or alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data entry procedures, data verification, data storage (physical
and electronic) protocols.
• Discuss any adjustment to assay data.
• All assaying done at NATA-registered commercial
laboratories of ALS Brisbane Australia and Labwest
Minerals Analysis Pty Ltd in Western Australia.
• Duplicate interlab assays corresponded well.
• No adjustment of assay data done.
Location of
data points
• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral Resource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.
• GPS hole locations have been tested for accuracy on
many prospects, all satisfactorily – usually within 1m.
• Grid Coordinates are GDA94
• Topographic control by Lidar topography
Data spacing
and
distribution
• Data spacing for reporting of Exploration Results.
• Whether the data spacing and distribution is sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and
classifications applied.
• Whether sample compositing has been applied.
• Drilling of scout holes at wide spacing up to 2 km
• Geological continuity is not yet assessable by this wide-
spaced scout drilling campaign
• Grade continuity is not yet established
• Sample compositing not applied
Orientationof
datainrelationto
geological
structure
• Whether the orientation of sampling achieves unbiased sampling of possible structures and the
extent to which this is known, considering the deposit type.
• If the relationship between the drilling orientation and the orientation of key mineralised structures
is considered to have introduced a sampling bias, this should be assessed and reported if material.
• Vertical holes through horizontal clay layers is
appropriate
• Clay layer drapes over topography and accumulates in
gullies. Vertical holes is the appropriate orientation.
Sample
security
• The measures taken to ensure sample security. • Samples collected and bagged at every hole site and
assembled onto pallets daily, shipped to lab weekly.
Audits or reviews • The results of any audits or reviews of sampling techniques and data. • Several audits confirmed reliability
Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
• Type, reference name/number, location and ownership including agreements or material issues with
third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical
sites, wilderness or national park and environmental settings.
• The security of the tenure held at the time of reporting along with any known impediments to
obtaining a licence to operate in the area.
• Satisfactory to excellent. All tenements are in
force, unencumbered and securely held by ABx
• All drilling is on freehold land with access
approvals by landholders
Explorationdone
byotherparties
• Acknowledgment and appraisal of exploration by other parties. • ABx is the first company to explore for Rare Earth
Elements in northern Tasmania. No prior work has
been done by other parties
Geology • Deposit type, geological setting and style of mineralisation. • Bauxite deposit formed on Lower Tertiary basalts
overlying Jurassic dolerite
• REE of interest are all in clays
Drill hole
Information
• A summary of all information material to the understanding of the exploration results including a
tabulation of the following information for all Material drill holes:
o easting and northing of the drill hole collar
• GPS location.
• Airborne Radar RL and LiDAR topography
• Lidar topography contoured at 1m height intervals
ASX announcement 12 November 2025
page 6
Criteria JORC Code explanation Commentary
o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
• If the exclusion of this information is justified on the basis that the information is not Material and
this exclusion does not detract from the understanding of the report, the Competent Person should
clearly explain why this is the case.
• All holes are short straight vertical holes
Data
aggregation
methods
• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade
truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of
low grade results, the procedure used for such aggregation should be stated and some typical
examples of such aggregations should be shown in detail.
• The assumptions used for any reporting of metal equivalent values should be clearly stated.
• All data are presented as received from labs
• Intercept summaries, if and when presented, are
length-weighted arithmetic averages
• Total Rare Earth Oxides (TREO) are an aggregate of
all rare earth oxides. TREO-CeO2 is TREO minus
Cerium oxide values.
Relationship
betweenminer-
alisationwidths&
interceptlengths
• These relationships are particularly important in the reporting of Exploration Results.
• Ifthegeometryofthemineralisationwithrespecttothedrillholeangleisknown,itsnatureshouldbereported.
• If it is not known and only the down hole lengths are reported, there should be a clear statement to
this effect (eg ‘down hole length, true width not known’).
• Mineralisation typically 3 to 6 metres thick and
Drillholes are sampled at 1 metre intervals
• Horizontal layers drilled by vertical holes means
intercept thickness is true thickness
Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any
significant discovery being reported These should include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional views.
• Diagrams presented give appropriate information
Balanced
reporting
• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting
of both low and high grades and/or widths should be practiced to avoid misleading reporting of
Exploration Results.
• All new results are reported in this report and
reference made to previous tabulation of data
Other
substantive
explorationdata
• Other exploration data, if meaningful and material, should be reported including (but not limited to):
geological observations; geophysical survey results; geochemical survey results; bulk samples – size
and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and
rock characteristics; potential deleterious or contaminating substances.
• N.A. Information provided is appropriate.
Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or
large-scale step-out drilling).
• Diagrams clearly highlighting the areas of possible extensions, including the main geological
interpretations and future drilling areas, provided this information is not commercially sensitive.
• Still under assessment.
• ABx used this area as a test of ABx’s exploration
technology and needs to assess the consequences
of these discoveries.
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