What's Happening?
ABx Group, listed on the Australian Securities Exchange as ABX, has received approval to commence a 39-hole drilling program at its T8 rare earth element (REE) discovery site in Tasmania. The drilling is set
to begin on November 10, 2025, and aims to expand the T8 discovery. The company is focusing on a low-cost, low-impact method to develop this rare earth province. According to CEO Mark Cooksey, the mineralization in northern Tasmania is exceptionally high-grade in dysprosium and terbium, which are considered globally significant. The equipment for the drilling program is designed to minimize impact on the grazing land where the rare earths are located. ABx Group's projects in Tasmania are particularly suited for early low-cost production due to the shallow nature of the ionic absorption clay-type rare earth resources.
Why It's Important?
The approval for ABx Group's drilling program is significant as it positions the company to potentially become a key supplier of rare earth elements, particularly dysprosium and terbium, which are critical for various high-tech applications. This development could enhance the supply chain for rare earths in Western markets, reducing dependency on other global suppliers. The focus on low-cost and low-impact methods also highlights a growing trend in the mining industry towards more sustainable practices. The success of this project could have broader implications for the rare earth market, potentially affecting prices and availability of these critical materials.
What's Next?
As ABx Group prepares to start drilling, the company will likely monitor the results closely to assess the full potential of the T8 site. Positive outcomes could lead to further exploration and development activities in the region. Stakeholders, including investors and industry partners, will be watching the progress of this project, as it could influence future investments and collaborations. Additionally, the company's approach to sustainable mining practices may set a precedent for other mining operations in the region and beyond.
