What's Happening?
ABx Group has received approval to commence a 39-hole drilling program at the T8 rare earth element discovery in Tasmania, set to begin on November 10, 2025. The program aims to expand the discovery, which
is characterized by high-grade dysprosium and terbium mineralization. ABx Group is focused on developing low-cost, low-impact methods to rapidly advance this rare earth province, which is considered globally significant due to its high-grade resources.
Why It's Important?
The drilling initiative by ABx Group is crucial for the rare earth industry as it seeks to supply light and heavy rare earths to western supply chains. The discovery in Tasmania could potentially reduce dependency on foreign sources, particularly from China, and strengthen the supply chain for critical materials used in technology and defense sectors. The high-grade nature of the resources positions ABx Group as a key player in the global rare earth market.
What's Next?
ABx Group plans to continue exploring extensions of the high-grade mineralization in Tasmania, with the potential for early low-cost production. The company is investigating methods to develop the rare earth province rapidly, which could lead to increased supply to western markets and further investment in the region.
