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Montserrat

ABx is the first company to discover rare earths in Tasmania and has reported a JORC compliant mineral resource of 89 million tonnes at its Deep Leads - Rubble Mound and Wind Break deposits.

The resource contains 36 ppm DyTb, the highest of any clay-hosted rare earths resource in Australia and one of the highest in the world. This contributes to a higher price for an MREC.

Level of radioactive elements is very low (2 ppm U2O3 and 6 ppm ThO2).

Australian Nuclear Science and Technology Organisation (ANSTO) engaged to conduct desorption tests, which found the highest extractions under relatively neutral pH conditions reported from any clay-hosted resource in Australia.

The ABx rare earth deposits lie in accessible forest plantations near highways, ports, railways, airports, grid hydropower and major towns.

Produce a mixed rare earth carbonate that can be sold to rare earth separation plants, for conversion into separated rare earth oxides.

Numerous discussions with potential customers and investors have confirmed the particular strengths of the ABx rare earth deposits: