We discuss this pretty often. Use the BF search engine and you can find many threads on "working with mammoth tooth". Lots of info in them:
https://cse.google.com/cse/publicurl?cx=012217165931761871935:iqyc7cbzhci
Tips:
"Stabilized" is a relative term when using mammoth tooth. In this case it really means "slightly more stable than a three foot Jenga stack".
Expect cracks and breaks to happen...especially when cutting or drilling ... use a good, slow, metal cutting band saw and sharp drill bits turning slow.
Epoxy it to a backing of thin G-10 before doing any work...this is mandatory...use good grade epoxy like Accra-glass or T-88, and let it cure for a day or two.
Sharp and fresh abrasives ( avoid very coarse belts).
Don't get it hot.
Go slow....go very slow.
Have thin CA handy to close up cracks and breaks as they happen....and they will happen!
When finished with 400 grit, flood with thin CA and let cure for a day or two, then sand again with 400 grit. Flood again and re-sand if needed to seal every pore.
Hand sand above 400 grit. Take to 2500 or higher grit final finish. Buff very carefully or even better...don't buff at all.
Don't have small children, people with tender ears, or preachers around when working with mammoth tooth.
Most people try it once and swear to never make another mammoth handled knife again
A couple other tricks:
If splitting into scales, glue the G-10 to both sides and then split down the center. Some people use a diamond wet saw for tile to cut mammoth. Just make sure the blade is straight and runs smooth. Vibration will destroy most mammoth tooth.
Wet sanding is usually OK, but allow to dry for a day or two before using CA or going to hand sanding. If the tooth seems soft-ish, it is probably a sea fossil, and may be a bit punky. These don't grind wet as well, as they will absorb water. If hard and ston-ish, they work wet very well.