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ABx Group Limited ( (AU:ABX) ) has shared an update.
ABx Group Limited has reported significant results from preliminary rare earth column leach tests at its Deep Leads project in northern Tasmania, with extraction rates reaching a record 81% for rare earths, including high yields of highly valuable dysprosium and terbium. The results confirm the feasibility of heap leaching as a low-cost production method, potentially strengthening ABx’s market position as a producer of enriched rare earth carbonate with comparatively higher market value, marking a key step towards their goal of commencing commercial production.
More about ABx Group Limited
ABx Group Limited operates in the mining and materials industry, focusing on the extraction and processing of rare earth elements, particularly from ionic clay deposits. Headquartered in Melbourne, Australia, the company is strategically advancing its Deep Leads rare earth project in northern Tasmania as a potential source of high-value heavy rare earths like dysprosium and terbium.
Average Trading Volume: 2,993,765
Technical Sentiment Signal: Hold
Current Market Cap: A$24.31M
See more insights into ABX stock on TipRanks’ Stock Analysis page.