Australian Bauxite Finds New Outcroppings Of Rare Earth Elements At Rubble Mound In Northern Tasmania

Australian Bauxite Finds New Outcroppings Of Rare Earth Elements At Rubble Mound In Northern Tasmania
Deep Leads drillholes with REE grades shown as total rare earth oxide (TREO). The geology of the line of lode is prospective for REE mineralisation over a distance of at least 6km from Deep Leads to Rubble Mound. This prospective ground is now secured by the recently granted tenement EL10/2021. Source: ABx

Australian Bauxite Limited (ABx) said this week that testing at its Rubble Mound project in Northern Tasmania has yielded a new cache of rare earth elements (REE).

According to the firm, testing at the Rubble Mound site, which is 4 miles east of its Deep Leads project, has yielded samples with 1,620 ppm of total rare earth oxides (TREO), including “super magnet” minerals neodymium (Nd), praseodymium (Pr), dysprosium, (Dy), terbium ,(Tb) and samarium (Sm).

ABx says the testing confirms that they possess licenses for a strip of REE that is at least 32 miles wide. The firm will continue testing in the area to more fully describe the quantity of REE available in the area.

“Our new EL10/2021 secures the gap between Deep Leads and Rubble Mound which significantly increases the potential size of REE resources,” explained ABx CEO, Mark Cooksey in a press release. “Deep Leads REE mineralisation could connect to Rubble Mound.

“Our exploration manager, Paul Glover and national operations manager, Nathan Towns are also assembling a bulk sample for metallurgical testwork to learn more about our potential to produce a saleable REE concentrate using simple leaching processes”

REE are an important part of the global economy due to their use in electric vehicles, wind turbines, mobile phones, computers, and military applications. However, their relative scarcity makes them a valuable commodity to develop.

Based in Sydney, ABx conducts operations in Tasmania, Queensland, and New South Wales. The firm boasts combined JORC resources of 124 million metric tons in twenty-two tenements covering almost two thousand square kilometers in Eastern Australia. Its Binjour tenement in Queensland is considered by the company to be its flagship project.