ABx Group reiterates strategy on track to create projects and grow rare earths resource

ABx Group (ASX:ABX) will continue to engage with existing and prospective investors this week as it reiterates its strategy to create projects and grow its rare earths resource.

Managing Director and CEO Dr Mark Cooksey will be presenting on day one at the Noosa Mining Investor Conference, which is being held from 19-21 June 2023.

Speaking to Mining.com.au ahead of the event, Cooksey says the messaging to the Noosa crowd will remain consistent as ABx continues to simultaneously progress all the dimensions needed to create a project.

“For Ionic Adsorption Clay rare earths, metallurgy has a very large effect on production cost”

“For Ionic Adsorption Clay rare earths, metallurgy has a very large effect on production cost.”

The MD says for the most part, he’ll be presenting to the conference on the company’s well-stated growth plans and how ABx continues to grow its rare earths resource.

As this news service reported in late June, ABx is the first company to discover rare earths in Tasmania.

At the time, the MD had said: “For rare earths, we all know you need to drill to establish a resource. But you also need to do the metallurgy work to determine how to process the ore and what it’s going to cost.

You also need to be talking to potential customers to make sure you understand what they want. Basically, we know what is required to get a project up and running, and we’re doing all of those things right now and in the months ahead.”

Cooksey adds that presenting at the Noosa Mining Investor Conference this week forms part of those discussions to understand what customers and the wider market wants in terms of its rare earths.

ABx is focused on 3 significant businesses — the creation of an Ionic Adsorption Clay (IAC) rare earths project in northern Tasmania; the establishment of a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste via its 83% owned subsidiary, ALCORE; and mining and enhancing the value of bauxite resources for cement, aluminium, and fertilisers.

It is the rare earths project where ABx conducted further drilling of the Deep Leads IAC deposit from January to April that has been generating interest. In a research report published in mid-May titled ‘Hiding in plain sight’, Corporate Connect initiated coverage on ABx.

The research report followed an updated REE Mineral Resource Estimate (MRE) in early May, which stands at more than 20 million tonnes at the Deep Leads – Rubble Mound deposit. Additionally, Deep Leads and Rubble Mound have the highest reported extractions from any clay-hosted REE prospect in Australia.

Write to Adam Orlando at Mining.com.au

Images: ABx Group Ltd
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.