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ABx Group Limited (ASX:ABX)

ALERT: Price-sensitive ASX Announcement for ABX
Current share price for ABX : $0.046 -0.028 (-37.84%)+
Announcement
Release
16 Mar 2026 8:46AM
Price at Release
$0.074
Full Release
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Summary
ABx Group Limited has successfully produced a second high-purity Mixed Rare Earth Carbonate (MREC) from the Deep Leads deposit in Tasmania. This new MREC has an improved composition with higher proportions of valuable heavy rare earths such as dysprosium and terbium, and reduced impurities compared to the maiden MREC. The process involves a standard three-step methodology that allows for flexibility in production methods. The MREC was produced from a bulk sample of 100 kg, with future plans to engage prospective customers and offtake partners. ABx's resource at Deep Leads is substantial, totaling 89 million tonnes of rare earth oxides, aimed at meeting the growing demand, particularly in Western markets where supply risks are higher.
Key Points
  • ABx Group Limited has produced a second high-purity Mixed Rare Earth Carbonate (MREC) from the Deep Leads deposit in Tasmania.
  • The new MREC has a higher proportion of heavy rare earths like dysprosium and terbium and lower impurities compared to the first MREC.
  • The process used is a standard three-step process involving leaching, impurity removal, and precipitation, which can be done by tank or column leach.
  • The bulk sample for this MREC was sourced from a 100 kg sample from the Deep Leads resource.
  • The MREC product has been improved with a focus on higher quality for prospective customers and partners.
  • ABx is working with the Australian Nuclear Science and Technology Organisation (ANSTO) on this project.
  • ABx's resource at Deep Leads is significant, containing 89 million tonnes of rare earth oxides.
  • The company aims to supply rare earths primarily for Western markets due to high demand and supply risks.
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.