ABx fast-tracks development after major ionic rare earths find in Tasmania

ABx Group Limited ( (AU:ABX) ) has issued an update.

ABx Group has identified several new zones of ionic adsorption clay rare earths with high extraction rates at its Deep Leads project in northern Tasmania, significantly enhancing the project’s commercial appeal. The deposit is located close to existing infrastructure, including grid hydropower, water, and rail, under a granted mining lease previously used for bauxite, which supports low-cost development.

The strong leach test results, broadly validated by Australia’s nuclear science agency, indicate that Deep Leads hosts rare ionic clay mineralisation likely to sit low on the global cost curve. ABx has now moved the project into the development phase, targeting production within months of approval, and is positioning itself as a first mover in Australian ionic rare earths while pursuing offtake relationships with processors in North America and other markets.

The most recent analyst rating on (AU:ABX) stock is a Hold with a A$0.08 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 resources company focused on developing rare earth and bauxite projects, with a key asset at the Deep Leads project in northern Tasmania. The company aims to supply high-value rare earth materials, particularly magnet rare earth concentrate, into Western supply chains for use in electric vehicles, wind turbines, electronics and defence applications.

Average Trading Volume: 2,308,087

Technical Sentiment Signal: Hold

Current Market Cap: A$24.67M

Learn more about ABX stock on TipRanks’ Stock Analysis page.