What's Happening?
ABx Group has received approval to commence a 39-hole drilling program at the T8 rare earth element discovery in Tasmania. The program, set to begin on November 10, 2025, aims to expand the T8 discovery, which is characterized by high-grade dysprosium
and terbium mineralization. The company is focused on developing low-cost, low-impact methods to rapidly advance this rare earth province. ABx Group plans to supply light and heavy rare earths from Tasmania into western supply chains, leveraging the shallow, ionic absorption clay-type resources.
Why It's Important?
The drilling program represents a significant step for ABx Group in establishing a reliable source of rare earth elements, which are critical for various high-tech applications. The focus on dysprosium and terbium, which are globally significant, positions ABx Group as a key player in the rare earth market. This development could enhance the supply chain for rare earths in western markets, reducing dependency on imports and potentially stabilizing prices for these critical materials.
What's Next?
Following the drilling program, ABx Group will likely focus on further exploration and development of the T8 discovery. The company aims to implement efficient production methods to bring these resources to market quickly. As the project progresses, ABx Group may seek additional partnerships or investments to support its expansion and integration into global supply chains.
