ABx Group Expands High-grade REE Zone at Rubble Mound

THE DRILL SERGEANT: ABx Group (ASX: ABX) informed punters of announce high-grade rare-earth elements (REE) results from the company’s Deep Leads / Rubble Mound project in Tasmania.

Abx Group recently completed a drilling campaign at Rubble Mound, which enlarged the extent of the Rubble Mound high-grade REE zone within the extensive 52 million tonne Deep Leads-Rubble Mound resource the company released in November last year.

The drilling has also expanded the real extent of the REE mineralisation with the latest drill results again displaying the two rare earths with the most critical supply risk, being dysprosium (Dy) and terbium (Tb) exceeding 4.5 per cent of total rare earth oxides (TREO). Grades of thorium and uranium are also very low.

The company boasted the remains the highest proportion of Dy and Tb of any clay-hosted rare earths resource in Australia, and is very high in global terms.

“It is exciting to see that our exploration program continues to produce outstanding results,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

“A focus of the recent drilling campaign was to expand the Rubble Mound high-grade zone within the existing resource, and this has been achieved.

“A distinctive feature of the ABx deposits is the high proportion of Dy and Tb, and the recent results confirm this pattern.

“We look forward to providing the remainer of the assay results from this drilling campaign, and a resource update, which will include Wind Break for the first time.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE