Rare Earth Elements
ABx Group's exploration technology has been carried out to investigate rare earth elements (REE) occurring within the ABx horizon. Initial results showed promising early signs in both the Binjour bauxite deposit in Queensland and in two prospects in Tasmania, DL130 and Fingal Rail. Following the initial results, confirmatory results revealed the DL130 prospect in Tasmania showed especially high grade REE, indicating a different origin of the REE.
Locations in Tasmania.
ABx’s Rare Earth Element exploration is focused across the northern Tasmanian project areas of DL130, Rubble Flat, Westbury and Rosebourne.
Early testwork indications are that the rare earth elements are easily leached and could be concentrated at low cost, with no deleterious elements.
ABx’s Exploration Strategy is as follows:
- To explore for REE that are in strongest demand. Prices of these rare earth elements are growing strongly and are classified as super-magnets that are critical strategic components in electric vehicles, wind turbines, smart phones and military electronics
- To focus on a deposit type that can be quickly developed with a low capital cost and has a low operating cost. So, ABx explores for the Ionic Adsorption Clay (IAC) style of mineralisation which is analogous with the IAC deposits that have produced REE in southern China using simple leaching.
- To explore in areas where an IAC leaching project will not interfere with alternative land use
To always comply with ABx’s paramount policy to leave land better than we find it and only operate where welcome.