ABX 4.88% 4.3¢ abx group limited

Ann: ABX Achieves 20Mt REE Resource Milestone, page-4

  1. 37 Posts.
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    I was waiting until they hit 20million tonnes (with decent grade) before I bought - Apparently 20mt is roughly the minimum size for a heap leach operation. 4 million tonnes per annum sounds way too high - probably 1 to 2 mtpa. ABx's testing at ANSTO points closely to them having proper Ionic Adsorbed Clay mineralisation - so really low cost to extract the elements and probably fairly low capex to set up. It also looks like they have a higher than average grade for Permanent Magnet Rare Earths (the valuable ones.).
 
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