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ABx Group Limited (ASX:ABX)

ALERT: Price-sensitive ASX Announcement for ABX
Current share price for ABX : $0.050 -0.031 (-38.27%)+
Announcement
Release
2 Dec 2025 9:55AM
Price at Release
$0.081
Full Release
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Summary
ABx Group Limited announced the successful production of its first mixed rare earth carbonate (MREC) sample from the Deep Leads deposit in northern Tasmania. This MREC contains significantly higher proportions of dysprosium (Dy) and terbium (Tb), at 2.8 to 4.7 times more than other peer MRECs, which leads to a basket price 17% to 51% higher than competitors. The production of MREC is considered a major milestone, as it provides a saleable product for further refining into rare earth oxides and metals, essential for advanced technologies like electric vehicles, wind turbines, and other applications. The ABx MREC is noted for its low impurity levels, including low aluminum, uranium, and thorium contents. The production process involved standard three-step processes of leaching, impurity removal, and precipitation.
Key Points
  • ABx Group Limited produced its first MREC from Deep Leads deposit.
  • MREC has high contents of dysprosium and terbium.
  • ABx MREC's basket price is up to 51% higher than peers.
  • MREC production represents a significant milestone for ABx.
  • The ABx MREC has low impurities.
  • Production used a standard three-step process.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.