ABx Group received two exploration licenses in northern Tasmania, valid for initial five-year terms.

The licenses pertain to a total area of 483 km2 and cover the southward extension of the high-grade Portrush rare earth element discovery.

ABx's exploration program in the new areas will apply the knowledge gained at its Deep Leads/Rubble Mound Project.

The licenses mark an expansion of the company's REE exploration footprint in Tasmania to nearly 600km2.