Australia's ABX Group jumps on rare earths find in Tasmania project

ABx

27/09/2023 04:33

** Shares of ABX Group  ABX.AX  rise as much as 16.3% to
A$0.093, their highest level since Sept 11
    ** Mineral explorer finds high grades of total rare earth
oxide (TREO) at co's Rubble Mound project in Northern Tasmania 
    ** Says current TREO discovery is four times higher than
previous highest grade discovery at the project 
    ** Co finds high grades of rare earth elements dysprosium
and terbium at the project 
    ** Says next round of drilling at the project will commence
in late Oct
    ** Co sees biggest intraday jump since Sept 11 
    ** ABX down 30.4% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))