ABx Group (ASX: $ABX) Rare Earth Assay Results Update

ABx Group (ASX: $ABX) has announced the reception of high-grade rare earth assay results from 19 additional holes at the Rubble Mound high-grade rare earth zone. The results confirm the significant expansion of rare earth mineralisation towards the Alluvial Flats zone and are expected to lead to a resource update in April following the receipt of all assays.

Executive Commentary on Rare Earth Assay Results

ABx Director, lan Levy, expressed confidence in the company's ability to locate and extract the unique Tasmanian rare earth resource sustainably. He emphasized the aim to develop a low-cost extraction method while improving the land. Managing Director and CEO, Mark Cooksey, highlighted the outstanding exploration results at Rubble Mound, emphasizing the expansion of the high-grade zone beyond expectations and the company's distinctively high proportion of critical rare earths. He also mentioned the anticipation of a resource update, covering only a fraction of ABx's extensive exploration target area.

Summary of Rare Earth Assay Results and Outlook

The high-grade rare earth assay results from Rubble Mound have confirmed significant expansion and enrichment of rare earth mineralisation towards the Alluvial Flats zone. ABx Group aims to develop a low-cost extraction method while restoring mined areas to productive land. The company's exploration results at Rubble Mound are expected to lead to a resource update in April, covering only a fraction of its extensive exploration target area. The outlook for sustainable production from Tasmania could potentially alleviate the global shortage of critical rare earths.