ABx Group Encounters Gold Values Up to 2.03 g/t in New Beaconsfield South Rare Earth Tenement EL14/2025

Manish Choudhary

10 November 2026 12:56 PM AEDT

ABx Group Encounters Gold Values Up to 2.03 g/t in New Beaconsfield South Rare Earth Tenement EL14/2025

Image Source: Krish Capital Pty Ltd

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ABx Group Limited (ASX:ABX) has disclosed elevated gold values from scout rock sampling conducted for rare earths in its new tenement EL14/2025, located south of the old Beaconsfield Gold Mine, with one sample returning 2.03 g/t of gold and additional samples described as gold anomalous, according to a company filing dated 10 November 2026.

Key Points

Scout rock sampling in tenement EL14/2025 returned one sample at 2.03 g/t gold, with other samples recorded as gold anomalous
Historical data from the 1980s and 1990s has identified two potential structural trends: a 15 km line of lode from Peak Hill to Glengarry and an 8 km Careless Kelly trend
ABx is considering a range of options for the gold opportunity, including potentially inviting expressions of interest for a gold joint venture partner, possibly early in 2027
The company stated it remains focused on its ionic clay rare earth elements project at Deep Leads and the ALCORE fluorine technology

Gold Discovery in Tenement EL14/2025 at Beaconsfield South

ABx Group's new tenement EL14/2025 is located south of the old Beaconsfield Gold Mine in northern Tasmania. Scout rock sampling, conducted primarily to assess rare earth elements, returned one sample — designated BFE008 — at 2.03 g/t of gold, with additional samples recorded as gold anomalous. Historical data from the same area also shows significant gold anomalism with exploration potential, according to the filing. The company stated that data continues to be collected and assessed, and that a reinterpretation of 1990s gold-related data is in progress. The filing noted the company used 22 ABx rock samples alongside 689 historical samples in its assessment.

Two Structural Trends Identified from Historical Exploration Data

Analysis of data from previous gold exploration conducted in the 1980s and 1990s, when gold prices were recorded as below A$400 per ounce, has identified two potential lines of lode structural trends. The first is a major line of lode from Peak Hill to Glengarry, measuring 15 km in length. The second is the Careless Kelly trend, measuring 8 km in length. The filing noted that gold prices have risen to around A$5,900 per ounce. The company disclosed that the rugged Mount Careless and Kellys Lookout areas have difficult access and have not yet been prospected.

Strategic Options Under Consideration for Gold Opportunity

ABx Group stated it is considering a range of options for the gold opportunity within EL14/2025, while maintaining its focus on the ionic clay rare earth elements project at Deep Leads and the ALCORE fluorine technology. According to the filing, the company is assessing data prior to potentially inviting expressions of interest for a gold joint venture partner, with that process noted as possibly occurring early in 2027. Managing Director and CEO Dr Mark Cooksey was quoted in the filing, describing the gold values as unexpected and comparing the discovery process to previous findings at the company's Deep Leads rare earth project.

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