ABx Group (ASX:ABX) has been granted a new five-year exploration licence, EL25/2022, strengthening its position in a highly prospective rare earths region in northern Tasmania.
The 18km2 tenement sits between the company's Rubble Mound and Wind Break deposits, part of ABx's 89-million-tonne resource averaging 844 ppm total rare earth oxides.
In securing the tenement, ABx intentionally excluded non-prospective and high-value agricultural areas in line with its policy of operating only where welcomed and ensuring environmental stewardship.
The announcement follows ABx's recent collaboration with the Australian Nuclear Science and Technology Organisation, which produced the company's first mixed rare earth carbonate from a Deep Leads bulk sample.