Australia's ABx Group eyes best day in over 8 years on rare earth find

ABx

10/02/2022 03:58

** Shares of bauxite miner ABx Group  ABX.AX  surge as much
as 42.9% to A$0.150, post biggest intraday pct gain since Nov.
4, 2013
    ** Co says https://www.asx.com.au/asxpdf/20220210/pdf/455v4tcj0f687n.pdf
 it has discovered a new rare earth element (REE)prospect at
Portrush, near its Deep Leads REE project in northern Tasmania
    ** Next drill programme will sample the full thickness of
this shallow, clay-hosted REE and give us some indications of
how large these discoveries can be - ABx
    ** Stock hits highest level since May 28, 2021
    ** More than 9 mln shares change hands, vs the 30-day
average of about 260,000 shares 
    ** ABx Group up ~7.1% YTD, as of last close 

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))