ABx Group (ASX:ABX) is aligning with Australian efforts to establish more robust supply chains, noting the strategic importance of the company’s Tasmanian rare earth projects.
The Australian government has recently announced the next step in the Critical Minerals Strategic Reserve (CMSR), securing rights to minerals produced in Australia and then further on-selling those rights to meet demand.
The government is putting $1 billion towards these transactions, from the greater $5 billion Critical Minerals Facility.
With rare earths one of the key minerals of focus under the CMSR, ABX notes that they are uniquely positioned to benefit from this.
ABx’s Tasmanian rare earth projects are near-surface, ionic absorption clay resources, enriched in dysprosium and terbium.
In November 2025, the company completed a drill program of 38 scout auger drill holes, targeting the extension of the T8 rare earth province discovery southeast of Launceston. In total, 16 of the holes contained intercepts exceeding the 350 parts per million total rare earth oxides minus cerium oxide cut-off grade that was used in precious resource estimates.
CEO Dr Mark Cooksey says that the company is “delighted by the confirmation of further high grade rare earth mineralisation in its eastern tenements”.
“No other Australian company holds an entire province that contains ionic adsorption clay rare earths so enriched in dysprosium and terbium, which is potentially globally significant,” Cooksey says.
“Our mission is to devise a low cost, low impact method of exploiting this rare earth province, and ABx is incredibly well positioned to take advantage of the Federal Governments’ Critical Minerals Strategic Reserve.”
ABx is focused on delivering critical minerals for a cleaner future, with a focus on rare earths, bauxite, and waste recycling.
Write to Amy Rotman at Mining.com.au
Images: ABx
