Announcement • Apr 24
ABx Group Limited, Annual General Meeting, May 26, 2026 ABx Group Limited, Annual General Meeting, May 26, 2026. Location: zoom webinar, Australia Reported Earnings • Mar 31
Full year 2025 earnings released: AU$0.024 loss per share (vs AU$0.008 loss in FY 2024) Full year 2025 results: AU$0.024 loss per share (further deteriorated from AU$0.008 loss in FY 2024). Net loss: AU$6.47m (loss widened 223% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$27.9m market cap, or US$18.7m). Announcement • Nov 26
ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 6.05 million. ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 6.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,456,790
Price\Range: AUD 0.081
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,234,568
Price\Range: AUD 0.081
Transaction Features: Subsequent Direct Listing New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$20.8m market cap, or US$13.7m). Announcement • Sep 10
ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,312,500
Price\Range: AUD 0.064
Discount Per Security: AUD 0.00384
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,562,500
Price\Range: AUD 0.064
Discount Per Security: AUD 0.00384
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 1.7% per year over the past 5 years. Revenue is less than US$1m (AU$58k revenue, or US$38k). Minor Risk Market cap is less than US$100m (AU$18.9m market cap, or US$12.3m). Announcement • Apr 23
ABx Group Limited, Annual General Meeting, May 26, 2025 ABx Group Limited, Annual General Meeting, May 26, 2025. Announcement • Apr 11
ABx Group Limited and ALCORE Limited Report Significant Progress of Its Continuous Pilot Plant Project Adjacent to the Bell Bay Aluminium Smelter in Tasmania ABx Group Limited and its 83%-owned subsidiary ALCORE Limited reported significant progress of its continuous pilot plant project adjacent to the Bell Bay aluminium smelter in Tasmania. The Company has placed orders for all key equipment required for the pilot plant, marking a major milestone in the project. This includes the oleum plant, bath reactors, scrubbers, cooling tower, and various ancillary process components. The total investment in equipment is supported by the previously announced $7.5 million in grant funding under the Federal Government's Modern Manufacturing Initiative (MMI). Most of the specialised equipment is being fabricated by experienced overseas suppliers. The anticipated timeline for procurement and delivery is: three months for detailed engineering and manufacturing design, one month for ALCORE's review and approval, followed by two to four months for equipment manufacture. It is expected that the equipment will be delivered in late 2025. All key equipment for the Bell Bay pilot plant has been ordered with deliveries expected in late 2025. Engineering contractors and consultants engaged, and consultations continuing with EPA and local council. In parallel, ALCORE has engaged key engineering consultants and contractors to support the project, including BFluor Chemicals, an originally South African consulting service and fluorochemical equipment manufacturing company with extensive experience in technology implementation across the entire global fluorochemical value chain, and Kempe Engineering, a leading global specialist provider of innovative engineering solutions and asset services for aluminium smelting, major resource and other major industries. Regulatory processes are also progressing. ALCORE has received formal guidelines for the Environmental Effects Report (EER) from EPA Tasmania, after previously submitting a Notice of Intent for the pilot plant's development. The Company has also progressed discussions with George Town Council regarding planning approval requirements. The pilot plant will be established at the leased industrial facility adjacent to Rio Tinto's Bell Bay aluminium smelter. The facility comprises a 500 square metre building with excellent access to local engineering services and suppliers. The pilot plant will demonstrate ALCORE's world-first proprietary process to produce industrial chemicals, including hydrogen fluoride, from a waste product created during the aluminium smelting process. In the planned subsequent commercial plant, hydrogen fluoride will be converted to aluminium fluoride, an essential chemical for aluminium smelting that is currently 100% imported. This is an exemplary demonstration of the circular economy. As previously announced, the Tasmanian Government has provided indicative terms for a $1 million, zero-interest conditional loan to support the construction and operation of the pilot plant. Final documentation is expected to be executed in coming weeks. Reported Earnings • Apr 02
Full year 2024 earnings released: AU$0.008 loss per share (vs AU$0.007 loss in FY 2023) Full year 2024 results: AU$0.008 loss per share (further deteriorated from AU$0.007 loss in FY 2023). Net loss: AU$2.00m (loss widened 22% from FY 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$134k). Market cap is less than US$10m (AU$10.0m market cap, or US$6.29m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$134k). Market cap is less than US$10m (AU$8.76m market cap, or US$5.50m). New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Earnings have declined by 6.3% per year over the past 5 years. Revenue is less than US$1m (AU$213k revenue, or US$132k). Market cap is less than US$10m (AU$8.38m market cap, or US$5.19m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Board Change • Oct 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Joycelyn Morton was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m (AU$799k revenue, or US$536k). Market cap is less than US$10m (AU$10.8m market cap, or US$7.21m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Aug 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$222k revenue, or US$146k). Market cap is less than US$10m (AU$10.8m market cap, or US$7.09m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$222k revenue, or US$148k). Market cap is less than US$10m (AU$13.0m market cap, or US$8.66m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Mar 30
Full year 2023 earnings released: AU$0.007 loss per share (vs AU$0.016 loss in FY 2022) Full year 2023 results: AU$0.007 loss per share (improved from AU$0.016 loss in FY 2022). Net loss: AU$1.64m (loss narrowed 53% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Mar 28
ABx Group Limited, Annual General Meeting, May 29, 2024 ABx Group Limited, Annual General Meeting, May 29, 2024, at 11:00 E. Australia Standard Time. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$155k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$16.5m market cap, or US$10.8m). New Risk • Mar 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.0m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$154k). Market cap is less than US$10m (AU$15.0m market cap, or US$9.79m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Jan 12
ABx Group Limited Provides Administrative Update on Director Status Omission ABx Group Limited advised that when director Ian Levy ceased acting as CEO on 1 February 2022, his role as director changed. Whilst CEO, Ian Levy was considered an "executive" director, however upon stepping down as CEO his role changed to "non-executive" director. The Company advised the change of CEO in its announcement of 24 January 2022, with the change effective from 1 February 2022. The change in status of Ian Levy was inadvertently omitted when it was advised that "Outgoing CEO, Ian Levy, will continue as [Non-Executive] Director to work on REE exploration in coming months and train a geologist for the company's REE exploration projects." The omission of the words "Non-Executive" became apparent in preparation of the Notice of Meeting for the EGM to be held on 14 February 2024. Announcement • Dec 23
ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.572 million. ABx Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.572 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,150,000
Price\Range: AUD 0.08
Security Features: Attached Options Announcement • Nov 29
ABx Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. ABx Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,250,000
Price\Range: AUD 0.08
Security Features: Attached Options Announcement • Oct 12
ABx Group Limited Ordinary Shares to Be Deleted from OTC Equity ABx Group Limited Ordinary Shares will be deleted from OTC Equity effective October 11, 2023, due to Inactive Security. New Risk • Sep 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$236k revenue, or US$152k). Minor Risks Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Market cap is less than US$100m (AU$19.4m market cap, or US$12.5m). Reported Earnings • Sep 05
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (further deteriorated from AU$0.004 loss in 1H 2022). Net loss: AU$1.32m (loss widened 29% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
ABx Group Limited Provides an Update on Deep Leads and Rubble Mound Deposits in Northern Tasmania ABx Group Limited has received results from its representative batch of 71 desorption tests on rare earth element (REE) samples from its Deep Leads and Rubble Mound deposits in northern Tasmania. The desorption tests were conducted by ANSTO at Lucas Heights in Sydney, which has extensive experience in metallurgical testing of clay-hosted rare earth deposits worldwide. Tests were conducted at `standard' desorption conditions of 0.5 M ammonium sulfate at pH 4, which are low-acid, low-cost processing conditions for ionic adsorption clay REE (IAC REE). Highest reported extractions from clay-hosted REE prospect in Australia: The extractions of contained REE ranged from 24% to 83% for the 44 samples from the extensive IAC REE zones in the Maiden Resource estimate announced on 23 November 2022. 73% of the samples from the more closely-drilled Deep Leads project area had minimum 24% extraction and average 50% extraction. These confirm that Deep Leads is an ionic adsorption clay REE deposit. Samples from IAC REE zones of Rubble Mound performed similarly to the samples from IAC REE zones of Deep Leads. Current drilling is focussed on extending these IAC REE zones. ABx tested representative samples from Deep Leads and Rubble Mound. The results increased ABx's understanding of variations in REE extraction and, most importantly, confirmed that both Deep Leads and Rubble Mound have large zones of genuine ionic adsorption clay REE mineralisation. Some zones have exceptionally high extraction, including 83% extraction for one sample from Rubble Mound, which is only in the early stages of drill evaluation. Deep Leads has been drilled more extensively, and 36 of the 49 samples (73% of samples) achieved extractions above 24%, averaging 50% overall. Large potential extensions to the IAC REE zones have been identified by this testwork at both Deep Leads and Rubble Mound, and the drill rig that is currently exploring at Deep Leads and Rubble Mound has been deployed to drill out these newly identified IAC REE zones. High extractions were achieved from drillholes that were geographically widespread across Deep Leads and Rubble Mound, and came from drill samples taken from a range of depths. High extractions were obtained from the full range of REE grades and were not restricted to the higher grade samples. An advantage of this IAC REE type of mineralisation is that it is proportionally enriched in the four most valuable REE that are used in permanent magnets, namely praseodymium (Pr), neodymium (Nd), terbium (Tb) and dysprosium (Dy). Furthermore, the extractions achieved from these desorption tests are highest for these permanent magnet REE (Table 1). It is significant that these results were obtained using ammonium sulfate at pH 4, which is similar to the conditions used in China for purely ionic adsorption clay type deposits. Many clay-hosted REE deposits can require lower pH to achieve similar levels of REE extraction. The widespread high extractions mean that ABx can give more consideration to processing of ionic adsorption clay REE deposits, namely mining, desorption, impurity removal and precipitation. Optimised processes are crucial to maximising the profitability of a rare earth project. ABx has already engaged with ANSTO on the desorption tests described here, and is developing relationships with other organizations with expertise in rare earths. The results also enable early development of rehabilitation technologies that suit the Tasmanian setting of the ABx deposits within hardwood plantations that may be replanted after REE production. ABx has been conducting further drilling of the Deep Leads and Rubble Mound deposits since 17 January this year and is expediting assay results. Drilling of the outlying greenfield areas during the second half of 2022 was highly successful. It was conducted subject to a Tasmanian State Government, Exploration Drilling Grant Initiative (EDGI) for co-funded exploration drilling projects, which is gratefully acknowledged. Announcement • Jan 23
Abx Group Limited Commences Its Drilling Campaign Ahead of Schedule At Its Deep Leads and Rubble Mound Rare Earth Element Discoveries in Northern Tasmania ABx Group Limited has commenced its drilling campaign ahead of schedule at its Deep Leads and Rubble Mound rare earth element (REE) discoveries in northern Tasmania. Mobilisation of the RC drill rig to site was completed on 17 January 2023, with the 120-hole campaign expected to take three months. Assay results from this drilling campaign will be fast-tracked and batches of results could start arriving within a few weeks. The primary aim of this campaign is to extend the mineralisation zone between the Deep Leads and Rubble Mound rare earth discoveries. Importantly, the favourable dry summer conditions will allow drill rig access to key low-lying targets which had been difficult to access during the unusually wet winter. Recent results have confirmed that the Rubble Mound and Wind Break discovery areas are both high grade REE centres similar to Deep Leads. ABx has applied for a new exploration licence application covering the corridor between Deep Leads /Rubble Mound and the Wind Break discovery, which lies 13.5km northeast of Deep Leads. The ABx exploration team will seek to confirm the most prospective REE-rich channel that will connect through to Wind Break, with several potential channels already evident. If granted, the new tenement will allow ABx's REE exploration to confirm the degree of continuity of mineralisation between the three discovery areas as part of a larger REE domain. Recent REE assay results from the Wind Break discovery have revealed Wind Break to be higher grade and more extensive than previously reported. Announcement • Nov 23
ABx Group Delivers Maiden REE Resource Estimate for Deep Leads Rubble Mound Channel ABx Group announced the delivery of a maiden JORC compliant Mineral Resource Estimate for the Deep Leads - Rubble Mound channel area, the first estimate from within the company's rare earth elements (REE) project in northern Tasmania. The Mineral Resource Estimate is 3.94 million tonnes averaging 655ppm TREO-CeO2 and 918ppm TREO at a 200ppm TREO-CeO2 cut-off2 grade, including 511,917 tonnes averaging 785ppm TREO-CeO2 and 905ppm TREO in the indicated category. Following completion of the maiden Mineral Resource estimate for the Deep Leads - Rubble Mound channel, the company will now undertake further metallurgical testing to obtain more data on recoveries. This will be followed by further drilling, commencing in January 2023, with an aim to grow the resource base. Deep Leads REE mineralisation is enriched in the more valuable permanent magnet type of REE and includes true ionic adsorption (IAC) clay zones that achieve excellent extraction rates of up to 71% from the main type of REE mineralisation under standard desorption test conditions, which represent low-acid, low-cost processing. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Paul Lennon was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 11
ABx Group Limited Announces Commencement of Its 3rd Drilling Campaign to Test a 6.5Km Mineralized Corridor Connecting the Deep Leads and Rubble Mound Rare Earth Discoveries, in Northern Tasmania ABx Group Limited announced the commencement of its 3rd drilling campaign to test a 6.5km mineralised corridor connecting the Company's Deep Leads and Rubble Mound rare earth discoveries, located in northern Tasmania. Mobilisation of the RC rig to site was completed on 10th October 2022 with the 70-hole campaign anticipated to take 6 weeks to complete, with assay results expected to be received in batches from early November and into early CY2023. This 3rd drilling campaign will consist of approximately 70 holes of aircore RC drilling and push-tube coring totalling 800 metres. The campaign is designed to follow-up on the previous campaigns of first-pass exploratory drilling that discovered a continuation of the REE mineralisation for the entire distance between Deep Leads and Rubble Mound Rare Earth discoveries. That exploratory drilling confirmed a 6.5km contiguous mineralized corridor which remains open for possible extensions to the east, north and south that all warrant further drill testing, as is planned in this 3rd drilling campaign. The previous drilling campaign results highlighted clay-hosted REE that occur within a shallow channel structure that increased the prospect size by 27% to 5.1 km2 and demonstrated the potential for the mineralized zone to deliver thick intersections. Assay results and ABx's knowledge of this REE mineralization have also seen the project expand significantly, increasing the combined prospective area to be drill tested to more than 30km2. Follow-up drilling will primarily focus on widening the mineralized corridor by drilling holes that step out from the known northwest trending channel. The campaign will also test in-fill targets between Deep Leads and Rubble Mound, as well as inspect a new style of REE mineralization encountered in river flats to the south of the project. Announcement • Sep 20
ABx Group Limited Provides Assay Results Which Confirm A 6.5Km Mineralised Channel Connecting the Deep Leads and Rubble Mound Rare Earth Discoveries, Located in Northern Tasmania ABx Group Limited provided assay results which confirm a 6.5km mineralised channel connecting the Company's Deep Leads and Rubble Mound rare earth discoveries, located in northern Tasmania. The clay-hosted rare earth elements (REE) occur within a shallow channel structure that increases the prospect size by 27% to 5.1 km2 and demonstrates the potential for the mineralised zone to deliver thick intersections as well as expand significantly along strike. The combined prospective area to be drill tested has increased to more than 30km2. Assay results confirm the adjoining mineralisation contains excellent grades, with holes such as RM217 returning a maximum of 2511 ppm of total rare earth oxide (TREO). This hole has also proven that the channel can host thicker intercepts, in this case to a depth of over 20 metres. Further work will be required to assess the size and depth potential of this connected area. To date, rare earths encountered have typically been concentrated in buried channel structures of 6-12m depth. However, the latest results demonstrate the region's capacity to host even shallower mineralisation, with RM219 recording a 1m assay grading 1884ppm TREO at surface. These results will feed into a maiden JORC Resource Estimation, which is already underway. Upcoming drilling campaign: The receipt of the Company's latest assay results has increased ABx's confidence in its geological interpretation and will inform targeting work for an upcoming drilling program, anticipated to commence in October 2022. The campaign is pending government approvals with most proposed drill site locations already falling under a previously approved work program. During this campaign, ABx intends to complete approximately 70 drill holes with much of this work focussed on stepping out from the known northwest trending channel. The company will also test in-fill targets between Deep Leads and Rubble Mound, as well as inspect a new style of REE mineralisation encountered in alluvial flats to the south of the project. Announcement • Sep 07
ABx Group Limited Receives Assays from Most of Its Winter Drilling Campaign ABx Group Limited has received assays from most of its winter drilling campaign that expanded the lateral extent of REE mineralisation by 230% to 4.01 square km. ABx's Deep Leads REE mineralisation is enriched in the more valuable permanent magnet type of REE and includes true ionic adsorption clay zones that achieve 50% to 75% leaching extraction rates, which are high extraction rates by world standards. New drilling technologies were introduced during this winter drilling campaign, including push tube coring which will be further developed in the next drilling campaign. The REE mineralisation at Deep Leads is clay-hosted, often most concentrated in buried channel structures. Deep Leads hosts the rare, true ionic adsorption clay (IAC) type of REE deposits and has excellent extraction rates of 50% to 75% of contained REE under low-cost processing 1. The 150 holes drilled in the winter campaign discovered REE mineralized intercepts over an area 7km x 4.6km. Further drilling is planned in coming months. Rare earth element channels confirmed and extended 750 metres. The southwest trending channel delineated by holes DL403, DL450 and DL453 has been extended 750m westwards by hole DL520 that intersected 5m thickness of ionic adsorption clay REE mineralization averaging 2,170 ppm TREO from 3m depth. Tests on this channel mineralisation in hole DL403 confirmed that it can be easily processed at low cost with extraction rates of 50% to 75% under standard leach conditions 1, the same as used in similar Chinese IAC REE deposits. Holes DL522 and DL531 confirmed that the northwest trending channel is well mineralized and holes across the western slopes between the northwest and southwest trending channels are showing a widespread series of well mineralised smaller channels. Rare earth element mineralisation extends to the alluvial flats are excited by the REE mineralisation in holes in the southern alluvial flats located south of Deep Leads line-of-lode, as exemplified by hole RM175 which contained 6m averaging 1,435ppm TREO between 4m and 10m depth. This is a new style of REE mineralisation which could be thick and very extensive. The company also await assays from holes into the southwestern alluvial flats. Exploring the 6km mineralised corridor between Deep Leads and Rubble Mound Nine holes were drilled in the 6km wide mineralised corridor between Deep Leads and the Rubble Mound REE discovery. Assays are keenly awaited. Drilling program continues ABx's drillholes in outlying greenfield areas are subject to a Tasmanian State Government, Exploration Drilling Grant Initiative (EDGI) for co-funded exploration drilling projects. Abx and Tasmania's eDrill's improved drilling technology result in many holes now reaching target depths and collecting cores from important strata using push-tube methods. The ABx field team, led by Group General Manager Operations Nathan Towns worked closely with eDrill drilling contractors to achieve these discoveries during the harshest winter conditions in years. The drilling program is to recommence in October. Reported Earnings • Sep 01
First half 2022 earnings released: AU$0.004 loss per share (vs AU$0.006 loss in 1H 2021) First half 2022 results: AU$0.004 loss per share (up from AU$0.006 loss in 1H 2021). Net loss: AU$950.0k (loss narrowed 4.3% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 01
Abx Group Limited Appoints Mark Cooksey as Managing Director ABx Group Limited advised the appointment of Dr. Mark Cooksey to the board of ABx as Managing Director effective 1 September 2022. Mark Cooksey was appointed General Manager of the Company's 83% owned subsidiary Alcore Limited on 24 August 2020 and CEO of ABx on 1 February 2022 . Dr. Cooksey holds a PhD (Chemical & Materials Engineering), Bachelor of Engineering (Materials - First Class Honours) and Bachelor of Science (Information Technology and Applied Mathematics). He has worked closely with aluminium and other metal industries and has significant experience in commercialising new technologies and processes. Announcement • Jun 29
ABx Group Limited Receives an Initial Batch of Assays from Exploration Drilling for Rare Earth Element (REE) at Deep Leads Deposit, Northern Tasmania ABx Group Limited has received an initial batch of assays from exploration drilling for rare earth element (REE) at Deep Leads deposit, northern Tasmania. ABx's mineralisation is mainly the most valuable permanent magnet type of REE. Hole DL450 was the first hole to reach target depth and it returned 10 metres of REE mineralisation averaging 863ppm TREO, including 6 metres averaging 1,122ppm TREO from 5 metres depth. It discovered the channel that carries the high-grade ionic adsorption clay REE mineralisation westwards towards major channels that are being drilled now. High grades: Holes DL450, DL453 and DL462 returned high-grade REE results that extended the area of strong mineralisation. These holes ended while still in the strongly mineralised zone due to drill difficulties with water and broken ground. Hole DL453 intersected 4 metres of clay with high REE grades and assays for shallower samples are still pending. ABx has drilled 88 new holes at Deep Leads since 19 April. Early results have been received from only 20 holes that are reported here . These results have tripled the prospective area, including 6 major channels that can extend ABx's ionic adsorption clay REE mineralisation by over 6.5 km towards Rubble Mound discovery. Drilling program continues ABx's current drillholes in outlying greenfield areas are subject to a Tasmanian State Government, Exploration Drilling Grant Initiative (EDGI) for co-funded exploration drilling projects. ABx and Tasmania's E-Drill's improved drilling technology result in many holes now reaching target depths and collecting cores from important strata using push-tube methods. The drilling program is planned to continue in July, including testing the 6 major channels at Deep Leads and a first pass drill testing of the 6km long extensions between Deep Leads and Rubble Mound project areas. Announcement • May 31
ABx Group Limited Receives Its First 12 Desorption Test Results on Rare Earth Element (REE) Samples from Its Deep Leads Deposit in Northern Tasmania ABx Group Limited has received its first 12 desorption test results on rare earth element (REE) samples from its Deep Leads deposit in northern Tasmania. The desorption tests were conducted by ANSTO in Sydney, which has extensive experience in metallurgical testing of clay-hosted rare earth deposits worldwide. The tests were conducted at "standard" desorption conditions of 0.5 M ammonium sulfate at pH 4 which are low-acid, low-cost processing conditions for ionic adsorption clay REE. ABx purposely tested a range of mineralisation types from Deep Leads, Portrush and Windbreak deposits to improve its understanding of the factors affecting REE extraction rates and, most importantly, to confirm that Deep Leads contains ionic adsorption clay (IAC) mineralisation. The five best extraction results were from holes DL403 and DL409 which represent ABx's main target REE mineralisation at Deep Leads discovered to date 1. REE extractions in these five samples were excellent, ranging from 40% to 75% of each of the permanent magnet REE (Nd, Pr, Dy, Tb) and 48% to 71% of the total rare earths except cerium. It is significant that these results were obtained using ammonium sulfate at pH 4, which is similar to the conditions used in China for purely ionic adsorption clay type deposits. Some other clay-hosted REE deposits can require significantly more acid to achieve similar levels of REE extraction. The distribution and composition of REE mineralisation in basement rocks is part of ABx's exploration technology. As expected, REE extraction from basement rock probably requiresa different processing route than the standard conditions reported here for ABx's IAC type of mineralisation, which is the main target for ABx's exploration. Drilling Program - ABx has been conducting further drilling of the Deep Leads deposit since late April and awaits assay results. However, geological features discovered during this drilling have justified drilling holes in outlying greenfield areas not previously contemplated. These major holes in greenfield areas are subject to a Tasmanian State Government, Exploration Drilling Grant Initiative (EDGI) for co-funded exploration drilling projects. The desorption test results will provide further guidance to the drilling program, and ABx is improving its ability to identify the type of mineralisation where the REEs can be easily desorbed. The drilling program is planned to continue into June. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Paul Lennon was the last director to join the board, commencing their role in 2013. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
ABx Group Limited, Annual General Meeting, May 25, 2022 ABx Group Limited, Annual General Meeting, May 25, 2022, at 11:00 E. Australia Standard Time. Agenda: To receive the Company's financial statements and the reports of the Directors and the Auditors thereon for the financial year ended 31 December 2021; to consider and, if thought fit, pass the following resolution as a non-binding resolution. That the Directors' Remuneration Report for the year ended 31 December 2021 be and is hereby adopted for the purposes of the Corporations Act 2001 (Cth); to consider, and if thought fit, pass the following resolution as an ordinary resolution: That Ian Levy, retiring in accordance with ASX Listing Rule 14.5 and Article 49.1.3 of the Company's Constitution, be elected as a Director of the Company; and to consider other matters. Reported Earnings • Apr 01
Full year 2021 earnings released: AU$0.032 loss per share (vs AU$0.004 loss in FY 2020) Full year 2021 results: AU$0.032 loss per share (down from AU$0.004 loss in FY 2020). Net loss: AU$5.87m (loss widened AU$5.27m from FY 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Feb 15
ABx Group Limited Announces Rare Earth Elements Discoveries Hole Location Update ABx Group Limited provided further drilling information required for the two new discoveries of rare earth elements (REE) at Portrush project and Wind Break project in northern Tasmania. Drillhole location data including coordinates and geometry of each hole as well as the down hole length and interception depth is provided in accordance with the Joint Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). ABx is an emerging hi-technology and explorer-developer company that is the first company to discover clay-hosted REE in northern Tasmania, initially at Deep Leads project. ABx's recent two new discoveries at Portrush project and Wind Break project confirm that ABx has discovered REE mineralisation in three separate locations across a distance exceeding 52 km. Announcement • Feb 10
ABx Group Limited Announces New Rare Earth Discovery 52 Km from Deep Leads ABx Group Limited announced discovery of high grade REE at Portrush 52 km east of Deep Leads. ABx Group (ABx) has discovered a new rare earth element (REE) prospect at Portrush located 52 km east of ABx's Deep Leads REE project in northern Tasmania Results from Portrush include hole PR033 grading 4,800 ppm total rare earth oxides (TREO). Deep Leads drill program delivered thicker, higher grade REE results: latest results at Deep Leads indicate thicker and higher-grade mineralization. Holes at Deep Leads were stopped by the wet clays and broken ground of the mineralized horizon. Those holes that penetrated further into the mineralization show a wide distribution of thicker, higher grade REE mineralization that extends for several kms. The best intercept to date in hole DL190 is 5m thick, including a meter at 3,943ppm TREO Discovery holes DL190, DL409 and DL403 confirm that the deposit continues strongly to the southeast and west. A more powerful multi-purpose drill rig is being deployed to drill major step-out holes. Third discovery at Wind Break located 16 km northeast of Deep Leads confirms REE Province 37 holes at Wind Break project returned strong REE mineralization at the bottom of the holes four of the holes had grades from 1,000 to above 1,500ppm TREO and two of the holes encountered mineralization 4 m thick. All holes at Wind Break ended in REE mineralization. Announcement • Nov 24
Australian Bauxite Limited Reports Recent Assay Results from Its Deep Leads Rare Earth Element Discovery at the DL130 Bauxite Deposit in Northern Tasmania Australian Bauxite Limited reported recent assay results from its Deep Leads rare earth element (REE) discovery at the DL130 bauxite deposit in northern Tasmania, which is now proven to extend for more than 3.25 kilometres. Higher grade of super magnet REE to date and thicker intercepts The intercept in hole DL392 has the higher grades of all four super-magnet REE to date, including 493ppm of neodymium oxide (Nd2O3), which is the main super-magnet REE 1. The mineralisation in recent holes DL392 and DL393 is at least three metres thick, but the drill rig was unable to drill all the way through the mineralised zone due to mixtures of wet clays and broken, altered rock with high water flow rates. Hole DL393 is the first hole drilled into Target 2. Results from the next 20 drillholes are pending: ABx awaits assay results from 20 more recent drillholes that can materially expand the areal extent of the Deep Leads REE mineralisation. These 20 holes with assays pending. Announcement • Sep 13
Australian Bauxite Limited Reports Results from Leach Testing of Its Rare Earth Element Mineralization At the DL130 Bauxite-REE Project in Northern Tasmania Australian Bauxite Limited report results from leach testing of its rare earth element mineralisation at the DL130 bauxite-REE project in northern Tasmania. ABx discovered mineralisation enriched in the super-magnetic rare earth elements Neodymium, Praseodymium, Terbium and Dysprosium which are strategically important, high priced metals needed for electric vehicles, wind turbines, smart phones and military electronics. A 400% enrichment of sulphur (S) in the precipitate was unexpected and may indicate that soluble REE may be leached strongly by dilute sulphate solutions. A test using dilute solution of ammonium sulphate and water is in progress to test this concept. Announcement • May 29
Australian Bauxite Limited Reports Rare Earth Element Results from Exploration at DL130 bauxite-REE Project in Northern Tasmania Australian Bauxite Limited reported rare earth element (REE)results from exploration at the DL130 bauxite-REE project in northern Tasmania: The new samples have returned the strongest REE enrichment discovered to date, nearly doubling the previous highest grade; In northern Tasmania, the most enriched element is Neodymium which is the main REE metal in super-magnets used in electric vehicles, wind turbines, smart phones and military electronics. ABx's Exploration Strategy remains as follows: To explore for Neodymium which the REE in strongest demand. Prices for the super-magnet elements have risen strongly which are critical strategic metals for production of electric vehicles, wind turbines, smart phones and military electronics; To find Ionic Adsorption Clay (IAC) style of mineralisation which is analogous with the IAC deposits that have produced REE in southern China using simple leaching. This deposit type has low capital costs and low operating costs, especially if in-situ leaching proves safe and effective; To explore in areas where an IAC leaching project will not interfere with alternative land use; To always comply with ABx's paramount policy to leave land better than the company find it and only operate where welcomed. Reported Earnings • Apr 01
Full year 2020 earnings released: AU$0.004 loss per share (vs AU$0.017 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: AU$3.93m (up 81% from FY 2019). Net loss: AU$594.0k (loss narrowed 76% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
Australian Bauxite Limited Reports on Early Results from an Exploration Project Australian Bauxite Limited reported on early results from an exploration project carried out over the last 15 months involving rare earth elements (REE) that occur within the ABx bauxite horizon. Assaying is by the NATA-registered ALS commercial laboratory, Brisbane. This exploration project was undertaken despite the difficult pandemic year and major results are: Clays at Binjour bauxite deposit in QLD were found to contain soluble REE and ABx's exploration technology was used to identify other REE prospects in Eastern Australia; Two Tasmanian prospects, DL130 and Fingal Rail, were identified and REE assay results for 26 random drillhole samples have shown that DL130 is enriched; The DL130 prospect returned REE values that averaged six times higher grade than both the Binjour clays and from the Fingal Rail project, indicating a different origin of the REE at DL130; Enriched zones at DL130 are 4 to 18 metres thick and extend with good continuity over distances exceeding 1 kilometre. Best results at DL130 came from a specific rock unit and mineralisation is relatively enriched in light rare earth elements (LREE); ABx has identified more than 4,500 metres of samples that warrant REE assessment; The solubility and ease of concentration of ABx's REE mineralisation is being assessed at ABx's bauxite research laboratory in Launceston, and concentrates will be tested at the Alcore Research Centre in Central Coast NSW using Alcore's fluorine chemical technologies; Early testwork indicates that this type of REE mineralisation leaches in weak mineral acids and the grades were upgraded by 172% on average in a single pass; Like all ABx bauxites, deleterious elements, including uranium and thorium, are usually low. 
