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ABx Group Limited ( (AU:ABX) ) has provided an announcement.
ABx Group has reported encouraging results from a 38-hole scout drilling program at its T8 rare earth province in northern Tasmania, with one new area, designated T30, delivering intercepts of up to 3,527 ppm total rare earth oxides (excluding cerium) at shallow depths and a 7-metre mineralised interval averaging 707 ppm. The mineralisation continues to show unusually high proportions of heavy rare earths Dy and Tb across its Temple Bar and Triangle Flat tenements, reinforcing the significance of ABx’s ionic clay rare earth province and positioning the company to potentially benefit from Australia’s new Critical Minerals Strategic Reserve, which is prioritising rare earths and aims to secure domestic production for global supply chains.
The most recent analyst rating on (AU:ABX) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on ABx Group Limited stock, see the AU:ABX Stock Forecast page.
More about ABx Group Limited
ABx Group Limited is an Australian exploration company focused on rare earth prospects in northern Tasmania, particularly near-surface ionic absorption clay deposits enriched in heavy rare earth elements such as dysprosium (Dy) and terbium (Tb). The company aims to support more secure critical minerals supply chains, leveraging relationships with planned processing operations in the United States and aligning its projects with national and global demand for critical minerals.
Average Trading Volume: 2,550,945
Technical Sentiment Signal: Buy
Current Market Cap: A$27.94M
For detailed information about ABX stock, go to TipRanks’ Stock Analysis page.