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ABx Group Limited ( (AU:ABX) ) has issued an update.
ABx Group Limited has made significant advancements in its rare earth projects in Tasmania, including developing an improved geological model and low-cost desorption testing procedures, which strengthen its operational efficiency and market positioning. Additionally, the company has secured a lease for a pilot plant adjacent to the Bell Bay aluminium smelter, supported by a conditional loan from the Tasmanian Government, enhancing the potential for aluminium fluoride production from smelter waste, while increased global bauxite prices have boosted the value of ABx’s bauxite assets.
More about ABx Group Limited
ABx Group Limited is an Australian company focused on delivering materials for a cleaner future, with operations spanning rare earth elements, aluminium fluoride production, and bauxite mining. The company is engaged in innovative projects such as rare earth extraction from clay deposits in Tasmania and the production of aluminium fluoride from smelter waste, emphasizing its commitment to sustainable materials development.
YTD Price Performance: 10.0%
Average Trading Volume: 125,727
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.26M
For a thorough assessment of ABX stock, go to TipRanks’ Stock Analysis page.
