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An update from ABx Group Limited ( (AU:ABX) ) is now available.
ABx Group has reported highly successful column leach test results on 26-kilogram bulk samples from its Deep Leads rare earth project in northern Tasmania, with more than 80% extraction of total rare earths and over 70% extraction of key heavy magnets dysprosium and terbium. The tests, conducted by ANSTO, suggest heap leaching could outperform conventional tank leaching while offering lower capital costs and greater operational flexibility, supporting ABx’s strategy to fast-track commercial production; the company also plans to commission a second mixed rare earth carbonate sample from the leach solutions to market to potential customers that have shown strong interest in its high dysprosium and terbium content product.
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 resources company listed on the ASX that is advancing the Deep Leads ionic adsorption clay rare earth project in northern Tasmania, targeting high-value heavy rare earths such as dysprosium and terbium. The company is focused on developing economically viable extraction flowsheets, including lower-capital heap leaching, and producing mixed rare earth carbonate products for potential customers in the rare earths supply chain.
Average Trading Volume: 2,472,047
Technical Sentiment Signal: Buy
Current Market Cap: A$26.85M
For an in-depth examination of ABX stock, go to TipRanks’ Overview page.