I think ABX is delineating a very valuable resource with the REE in northern Tasmania.
The particular rare earth mineralisation ABX has in abundance is very important for the military industrial complex in the USA and other developed countries that want to protect their independence.
China dominates the global supply for processed REE and these valuable strategic ones in particular. The west is waking up that the autocracies represent an existential threat to democracies.
I can't imagine the ABX will remain little noticed for much longer. I would be surprised if it is not eligible for a lot of government assistance from here and even the USA who desperately need these strategic minerals.
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