Mineral Resources Tasmania has granted ABx Group a new exploration licence in northern Tasmania, further expanding the Australian company’s portfolio of tenements prospective for ionic adsorption clay rare earth element (REE) mineralisation.
Exploration Licence EL14/2025 covers an area of 165 square kilometres and is located around 30 km north of ABx’s Deep Leads rare earths resource. With the addition of EL14/2025, ABx’s portfolio now covers over 800 km2.
Additionally, the company’s Deep Leads – Rubble Mound Extension project was selected as one of five projects that would share in up to $540,000 of funding as part of Round 12 of the Exploration Drilling Grant Initiative (EDGI). The program provides up to $100,000 for direct drilling costs for successful applicants wanting to undertake mineral exploration.
“The grant of exploration tenement EL14/2025 and the awarding of the Exploration Drilling Grant Initiative for the Deep Leads – Rubble Mound Extension demonstrate the attractiveness of Tasmania as a mining jurisdiction and the excellent standing of ABx in Tasmania,” said Dr. Mark Cooksey, managing director and CEO of ABx Group.
“These outcomes expand our rare earths exploration footprint in northern Tasmania and reflects the growing confidence we have in the broader prospectivity of the region.”
ABx said it is currently preparing its next exploration program, with field activities planned to commence in August.
Source: ABx Group