ABx Group Ltd is a high-tech Australian company providing the global market with much-needed new supplies of strategic minerals (specifically rare earth elements) and chemicals (aluminium fluoride - essential for aluminium smelting).
It is the first company to discover clay-hosted rare earth elements (REE) in Tasmania and also has the highest reported extractions from any clay-hosted rare earths prospect in Australia.
ABx's 83%-owned subsidiary Alcore was granted $7.5 million from the Australian Government’s Modern Manufacturing Initiative to support its proposed $16.4 million aluminium smelter bath recycling plant in Bell Bay, Tasmania.