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ASX:ABX OTC:AUSBF

ABx Group Ltd

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Market:
ASX
Price
0.06 AUD
Day Change
1.85%
Market Cap:
$13.75 m
52 weeks high
0.12
52 weeks low
0.05

In brief

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.