ABX GROUP LIMITED — AGM Information 2015

May 27, 2015

ASX ANNOUNCEMENT 28 May 2015

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AUSTRALIAN BAUXITE LIMITED

ASX: ABX

**Chairman’s

Address
and
CEO
Presentation
–
AGM
28
May
2015**

Welcome
ladies
and
gentlemen
to
the
sixth
Annual
General
Meeting
of
Australian
Bauxite
Limited
( ABx ).

Our
first
mine is
underway
at
the
Bald
Hill
Bauxite
Project
near
Campbell
Town,
northern
Tasmania.
The
project commenced
on
9
December
2014
and
the
mine
was
constructed
in
5
hectic
weeks
during
December
and January.
We
began
ore
excavations
on
8
January
as
soon
as
environmental
and
safety
systems
were
established whilst
mine
access
roads
and
offices
were
still
being
completed.
We
started
trial
screening
to
produce
bauxite product
on
28
January
2015,
and
optimised
the
plant
in
March
and
April
through
a
range
of
weather
conditions
– with
a
view
to
establish
a
robust
processing
strategy
for
all
situations.

Capital
works have
been
completed
at
more
than
40% under budget due
mainly
to
equipment
becoming available
from
the
closure
of
iron-­‐ore
&
coal
projects
across
Australia
and
the
favourable
contracting environment
in
Tasmania’s
large
mining
sector.

With
approximately
$3
million
available
cash
balance
as
of today,
it
is
possible
for
ABx
to
commence
shipments
without
additional
capital
raisings,
but
this
will
be dependent
on
the
level
of
working
capital
required
before
cashflow
from
sales
are
received.

Our
product
has
been
undergoing
bulk
tests
at
Bell
Bay
Port
for
six
weeks
and
it
has
performed
satisfactorily with
regards
to
handling,
safety
and
environmental
issues.

We
have
also
been
seeking
registration
of
our Moisture
Management
Plan
with
the
Australian
Marine
Safety
Authority
to
ensure
safe
shipping
during
all possible
weather
conditions
so
that
we
can
offer
all-­‐year
round
shipping
of
bauxite
to
our
customers,
unaffected by
tropical
wet
season
delays
–
something
few,
if
any,
bauxite
supplier
in
the
Pacific
Basin
can
guarantee.

Railing
has
commenced. I
am
pleased
to
advise
that
our
rail
supply
system
became
operational
10
days
ago when
TasRail
completed
the
Conara
rail
siding
on
schedule.
We
have
commenced
railings
of
bauxite
product
to Bell
Bay
Port
this
week
as
we
build
the
stockpile
for
our
maiden
shipment.
As
advised
in
our
annual
report
to shareholders,
we
plan
to
commence
deliveries
to
customers
in
mid
2015
and
monthly
thereafter.

This
takes hard
work
and
coordination
by
operators,
contractors
and
partners.

We
are
pleased
to
report
that
this coordination
has
worked
well
and
we
thank
mine
contractor
Stornoway,
TasRail
and
QUBE
Ports
for
their teamwork.

Operational
optimisation
and
streamlining
of
transport
will
never
stop
-­‐
getting
better
every
year
as
we
perfect our
core
skills
of
delineating,
mining,
quarrying,
screening,
blending
and
transporting
of
bauxite
from
Tasmania to
global
markets.
This
new
entry
into
the
seaborne
bauxite
market
is
the
beginning
of
a
larger
enterprise
that will
market
bauxite
from
several
operations
across
Tasmania,
Queensland
and
New
South
Wales.

Customer
negotiations: we
reviewed
the
eight
(8)
significant
consumers
of
seaborne
bauxite
in
2012-­‐13.

We commenced
discussions
with
five
(5)
major
potential
customers
during
2013-­‐14
and
provided
bulk
samples
for testwork
at
their
facilities.
During
2015,
we
have
been
negotiating
with
3
of
the
prequalified
customers
and
are now
in
discussions
with
the
final
two
likely
customers,
both
of
whom
have
expressed
strong
interest.
Detailed terms
will
be
resolved
in
a
normal
sequence
for
bulk
shipments
and
we
will
keep
the
market
advised
of
progress.

Exploration. Our
plan
to
replace
ore
mined
each
year
by
exploration
is
being
achieved.
In
2015,
exploration
has delineated
sufficient
new
bauxite
resources
at
Rubble
Flat
and
Nile
Road
prospects
to
replenish
the
ore inventory
planned
to
be
mined
in
the
next
18
months.
Rubble
Flat
is
an
ideal
mine
site
because
it
occurs
within a
hardwood
plantation
in
a
recently
harvested
area
that
has
well-­‐established
heavy
duty
haul
roads,
all
within 80kms
of
Bell
Bay
Port
along
an
underutilised
designated
B-­‐Double
trucking
route.

The
Rubble
Flat
deposit
is
part
of
the
DL-­‐130
Production
Centre
west
of
Launceston,
Tasmania,
which
is
heavily mineralised
with
bauxite.

During
resource
assessment,
it
became
apparent
that
Rubble
Flat
bauxite
has potential
to
expand
further
eastwards
once
the
hardwood
plantation
is
harvested
in
that
extension
area.

ABx
has
also
announced
today
some
highly
encouraging
exploration
results
from
the
Portside
Production
Centre which
is
very
close
to
the
Bell
Bay
Port.
We
are
hopeful
that
Portside
will
become
the
third
bauxite
production

AUSTRALIAN BAUXITE LIMITED

ACN 139 494 885

Level 2 Hudson House 131 Macquarie Street Sydney NSW 2000 p: +61 2 9251 7177 f: +61 2 9251 7500

w: australianbauxite.com.au e: corporate@australianbauxite.com.au

Page 2

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ASX: ABX

centre
along
with
production
centres
at
Campbell
Town
and
the
DL-­‐130
area.

Exploration
of
Portside
will continue
for
some
time,
focussing
on
areas
immediately
adjacent
to
highways
and
rail
lines
and
free
of
socio-­‐ environmental
issues.

Tasmanian
bauxite
production
can
grow
significantly
and
our
focus
is
to
establish
solid
earnings
by
end
2015.

Binjour,
QLD. In
the
second
half
of
2015
when
the
dry
season
is
fully
established
in
central
Queensland,
our exploration
team
will
commence
testing
our
newly
discovered
extension
to
the
high
grade,
thick
bauxite
in
the Binjour
district,
including
extensions
to
the
bauxite
in
the
granted
Mining
Lease
at
Toondoon.
In
the
medium-­‐ term,
the
Binjour
bauxite
province
is
likely
to
become
ABx’s
largest
project.

ABx
considers
it
to
be
the
best undeveloped
opportunity
for
significant
production
of
silica-­‐free,
gibbsite
trihydrate
bauxite
in
the
Pacific
Basin.

SAFETY :
ABx
has
made
the
transition
from
explorer
to
producer
successfully
with
a
zero-­‐incident
record
and
no breaches
of
industry-­‐standard
safety
procedures
that
had
been
established
at
the
mine
from
the
outset.

ENVIRONMENT :
ABx
has
stockpiled
large
tonnages
of
soil
at
Bald
Hill
Bauxite
Project
ready
for
reinstatement over
mined-­‐out
areas.
ABx
has
also
completed
the
eradication
of
weed
infestations
across
the
mining
area
as part
of
its
landholder
agreement
and
also
in
line
with
our
policy
of
best
practice
on
agricultural
land.

MARKET :
The
bauxite
market
had
a
stellar
year
in
2014,
exceeding
ABx’s
expectations.
Despite
the
entry
of
a cheap,
low-­‐grade
bauxite
supply
from
Malaysia,
ABx
continues
to
receive
many
requests
for
bauxite
supply
as the
major
Chinese
customers
seek
a
diversification
of
suppliers
for
our
type
of
bauxite.

COMMUNITY :
We
are
thankful
for
the
support
of
our
local
communities
and
we
are
pleased
to
be
approached by
several
large
landholders
who
have
taken
our
exploration
team
to
assess
additional
bauxite
outcrops
on
their land.
We
have
also
refrained
from
exploring
where
requested
so
as
to
honour
our
policy
to
only
operate
where we
are
welcomed.
Overall,
community
acceptance
is
growing.

We
now
must
deliver
for
all
stakeholders.

On
behalf
of
the
Board
of
Directors,
I
thank
the
ABx
staff
and
supportive
shareholders
for
the
excellent
progress and
development
achieved
in
2014
and
we
all
look
forward
to
an
exciting
year
in
2015,
especially
with
our maiden
shipment
and
subsequent
project
expansions.

**Paul

Lennon Chairman**

Forward Looking Statement

Whilst based on information from sources considered reliable, Australian Bauxite Limited (ABx), its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, ABx disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in this document.

Competent Person Statement

General

The information in this report that relates to Exploration Information and Mineral Resources is based on information compiled by Jacob Rebek and Ian Levy who are members of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Rebek and Mr Levy are qualified geologists and Mr Levy is a director of Australian Bauxite Limited.

Mainland

The information relating to Mineral Resources on the Mainland was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Mr Rebek and Mr Levy have sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Reserves. Mr Rebek and Mr Levy have consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears.

Tasmania

The information relating to Mineral Resources in Tasmania has been prepared or updated under the JORC Code 2012. Mr Rebek and Mr Levy have sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rebek and Mr Levy have consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears.

AUSTRALIAN BAUXITE LIMITED

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Production Commenced On Schedule Mining Lease received 100% public support Mining underway, road-rail completed Haul to Port Underway Project Fully-Funded

Level 2, 131 Macquarie St Sydney, NSW 2000, Australia Phone: +61 2 9251 7177

E: corporate@australianbauxite.com.au

Ian Levy, Managing Director & CEO Mobile: +61 407 189 122

E: ilevy@australianbauxite.com.au

Forward Looking Statement

Whilst based on information from sources considered reliable, Australian Bauxite Limited ( ABx ), its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, ABx disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in this document and presentation.

Competent Person Statement

Information herein relating to Exploration Results, Mineral Resources and Exploration Targets is based on information compiled by Ian Levy BSc, MSc, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists. Mr Levy is employed by ABx as Chief Executive Officer. Mr Levy has more than five years experience relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the JORC Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. This report is issued with the prior written consent of the Competent Person as to the form and context in which it appears.

The information in this report relating to Mineral Resources was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Direct Shipping Ore

In this presentation all references to direct shipping ore (DSO) refers to the company’s exploration objective of defining DSO grade mineralisation. The potential quantity and grade of exploration targets is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

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2

ABx Investment Highlights

 1[st] Mine at Bald Hill, Tasmania. 100% public & govt support

 All capital completed except for $500,000 road upgrade

 Experienced contractors Mine, Rail & Port operators  Project started 9[th] Dec’14. Cash flow within 8 months  Quality bauxite projects, close to infrastructure, with no socio-economic impediments. DL-130 & Portside Centres  Track record of quality bauxite discoveries. Technology  All is gibbsite trihydrate low silica bauxite: Most in demand

• Exploration and development potential in:

• Tasmania (first mines): 9 million tonnes and increasing

• Queensland (largest projects): 30 million tonnes and increasing

• New South Wales Sth (thickest bauxite): 40 million tonnes

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3

Projects Location & Infrastructure in Tasmania

Portside Production Centre

• PR-18 & more

• DSO bauxite up to 4m

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 Closest to Bell Bay Port
Bridport
Burnie Bell Bay
Scottsdale
DL-130 Production Centre
 DL-130, Rubble Flat & more
PR-18
 Thick bauxite up to 14m
DL-130
 Close to Bell Bay export port Rubble Flat
Launceston
Campbell Town Prod [n] Centre: Nile Road Project
Fingal Rail Project
Bald Hill, Fingal Rail, Nile Rd
Campbell Town
 First mine started at Bald Hill Bald Hill Project
 Major road capacity
 Rail capacity delivers direct
to export port
LEGEND Hobart
ABx Bauxite Lease
Major Export Port
Aluminium Smelter
Coal Mines
Major Roads N
Rail Lines 0 kilometres 100
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Bell Bay Bulk Port Berth 5
100km Road - Rail from all projects
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Shallow Mining
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Screened Bauxite Product
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Production
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Mining & Screening Full Scale at Bald Hill

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Bald Hill Mine Tasmania
Bench mining
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Triple deck dry screening
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ROM Ore
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Production
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&

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5

TASMANIAN LOGISTICS INFRASTRUCTURE: LARGE SPARE CAPACITY

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Rail wagons & Conara siding upgraded
by TasRail from this 2 months ago to…
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as it is today

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Bell Bay Port No.5 berth ready
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Container unload-tipper

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6

Production process: factors & trends

4 to 6 tonnes bauxite 2 tonnes alumina

1 tonne aluminium

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2 bauxite types: hi & low temp Hi & low temperature refineries Electricity costs Quality declining Caustic soda main reagent cost Alumina costs Tonnages rising Bauxite type, quality & cost Alumina softness Costs increasing Lime, flocculant & heat for calcining Operating amperage Indonesian bans Red mud settling & disposal China “over-investment” Indian bans China “over-investment” NEW TECHNOLOGY Prices increasing Alumina prices low for too long?

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7

Bauxite Prices Rising Strongly in A$ US$ prices stable & Fx rate weak - with more upside to come

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Average CIF Price of Chinese Bauxite Imports in $A/tonne
$90
$80
$70
$60
$50
$40
$30
$20
Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15
$A per tonne CIF China
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Source: C&M, China Customs, Bloomberg & RBA fx rates

ABX’s OPPORTUNITY IS NOW

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8

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DL-130 Production Centre

Thickest high-grade bauxite in Tasmania, up to 14 metres thick

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EL37/2010
WB-001
EL16/2012
DL-130
DL-130 discovery site
discovery
DL-130
EL9/2010
Rubble flat drilled in Feb’15
N
Rubble Flat
discovery 1 kilometre
Legend
Tenement Boundary
Areas with Bauxite outcrop
Bauxite potential
Exploration Area
EL9/2010
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9

DL-130: Rubble Flat Drilled

Drillholes at Rubble Flat drilled in February 2015

Green= no Bauxite Yellow = 1m Orange= 2m Red = 3m+

Drilling continuing in March, Best bauxite zone especially futher east open to east

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Solid early results. Good continuity. Improving to east

Hole From To	Al2O3 SiO2 Fe2O3 TiO2 LOI	Al2O3Avl Rx SiO2	Lab
m m	% % % % %	% %	Yield %
RM009 3 4 RM009 4 5 RM009 5 6 RM009 6 7 RM009 7 8	33.23 2.03 40.60 2.73 20.68 38.97 3.22 30.90 2.53 23.72 43.38 3.01 25.20 1.61 26.13 45.57 5.23 20.10 1.44 27.03 41.16 10.55 22.00 1.90 23.69	28.10 1.10 33.60 2.20 38.80 1.70 40.20 2.60 31.30 7.50	69.4% 73.0% 71.5% 69.2% 51.1%
RM011 1 2 RM011 2 3	34.05 2.75 41.40 1.32 19.86 40.68 5.15 29.20 1.44 22.97	29.70 1.60 35.40 3.60	86.4% 21.3%
RM013 1 2 RM013 2 3 RM013 3 4	36.13 2.05 38.30 2.07 20.79 38.69 5.58 31.70 2.09 21.37 31.96 7.43 39.20 1.98 18.85	30.20 0.80 30.30 3.00 24.40 4.40	78.1% 57.3% 56.3%
RM014 0 1 RM014 1 2 RM014 2 3	35.53 2.48 41.40 1.90 18.12 41.38 2.25 29.50 1.96 24.28 35.91 2.87 36.80 2.23 21.51	26.90 0.80 35.70 1.20 30.50 1.20	77.5% 72.1% 68.3%
RM016 0 1 RM016 1 2 RM016 2 3	41.68 10.40 23.00 1.04 23.40 43.13 6.18 23.60 1.22 25.24 42.45 13.15 19.15 0.96 23.66	32.00 7.40 36.60 3.10 31.40 9.00	42.4% 55.3% 62.5%
RM017 0 1 RM017 1 2 RM017 2 3 RM017 3 4 RM017 4 5	39.44 7.32 34.90 1.33 16.54 46.69 5.38 19.70 1.14 26.60 47.51 6.51 17.00 1.03 27.40 44.30 7.98 20.20 1.02 25.92 44.23 13.75 15.55 0.95 24.91	29.70 4.00 41.30 2.90 41.90 3.10 38.20 2.60 34.10 7.90	47.6% 49.6% 70.9% 56.8% 51.5%
Leach conditions to measure available alumina "Al2O3Avl" & reactive silica "Rx SiO2" is 1g leached in 10ml of 90gpl NaOH at 143 degrees C for 30 mins. LOI = loss on ignition at 1000 degrees C. Lab yields are from wet screening at 0.26mm

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250 metres

Portside Production Centre Discovered Near Port

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Portside Production Centre
 PR-18 & more
 DSO bauxite up to 4m
 Closest to Bell Bay Port
Bridport
Burnie Bell Bay
Scottsdale
PR-18
DL-130
Rubble Flat
Launceston
Nile Road Project
Fingal Rail Project
Campbell Town
Bald Hill Project
LEGEND
ABx Bauxite Lease
Major Export Port
Aluminium Smelter
Hobart
Coal Mines
Major Roads
Rail Lines
N
0 kilometres 100
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Bell Bay Bulk Port Berth 5
100km Road - Rail from all projects
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Shallow Mining
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Screened Bauxite Product
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Production
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Portside Production Centre : New Discovery Nearest Bell Bay Port

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Capital & Operating Costs

Capital & Ope Simple bench mining Simple dry-screening TasRail to Bell Bay Port

rating Costs Capital Item Amount Site mobilisation $1.5 m Net site establishment $2.0 m Road upgrade $1.0 m Contingency (25%) $0.5 m Initial capital (95% complete) $5.0 m Working capital $1.0 m Later Expansion Shiploader has beenhired [$7.5 m ] Mobile shiploader is now hired Cost Excl. Contingency A$/t FOB Mining & screening $8.00/t Administration & landholder dealings $1.60/t $0.80/t State royalty $0.50/t Road-Rail haul $12.80/t Port costs $7.00–$8.00/t Total FOB A$31–A$33/t Shipping US$12–US$16/t A$10-A$20/t margin based on current bauxite prices CBIX Index = US$62.50/t Indian Bx = US$60/t CIF China Bulk shipping all year round

13

ABx’s Bauxite Projects: Binjour, Central QLD

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Gove
Weipa
Mitchell
Plateau
(Dormant)
World’s largest
alumina refineries
2 Binjour Project
Eastern
World’s largest bauxite &
Australian
alumina production
Bauxite
Darling
Ranges Province 3 Goulburn Projects
ABX bauxite deposits (36)
Others’ bauxite projects (6) 1 Tasmanian Projects
Aluminium smelters (6)
Alumina refineries (8)
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14

Binjour Project, Queensland: Drill 2[nd] Half 2015

Thick, large, highest grade new trihydrate gibbsite bauxite project in Pacific Basin

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Bundaberg
Port
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15

Binjour Bauxite Project, Queensland

Binjour Logistics : use the old abandoned rail easements for dedicated haulage or pipeline routes

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Bundaberg Port
High productivity
trucks ~350-500t
12km link
Binjour Plateau
Bauxite Project
3 to 4 mill tonnes pa
25km link
10km
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16

$0.38

3

Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$	Corporate Overview ASX code ABX Listed 24 Dec 2009 @ $0.20 Issued shares 140.5 million Options 3.7 million 52 week range $0.17 - $0.375 Average daily volume 233,000 Market cap (@ $0.33) $46 million Cash (31 Mar 2015) $3.6 million Shareholders 2,715 Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0 Board of Directors & Management Paul Lennon1 Chairman Ian Levy ManagingDirector & CEO Ken Boundy 2 Non-Executive Director HenryKinstlinger CompanySecretary Leon Hawker Chief OperatingOfficer Rob Williams General Manager Jacob Rebek 3 Chief Geologist 1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09) $0.18 $0.23 $0.28 $0.33 $0.38 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Trading Volume Share Price A$		Trading Volume Share Price A$	Trading Volume Share Price A$	Trading Volume Share Price A$	Trading Volume Share Price A$	Trading Volume Share Price A$	0 1 2 3 Millions
ASX code		ABX
Listed		24 Dec 2009 @ $0.20
Issued shares		140.5 million
Options		3.7 million
52 week range		$0.17 - $0.375
Average daily volume									233,000
Market cap (@ $0.33)						$4			6 million
Cash (31 Mar 2015)					$3.6					million
Shareholders								2,715
Board of Directors & Managem				ent
Paul Lennon1	Chairman
Ian Levy	Manag		in	gDirector & CEO										y-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15
												Major Shareholders Shares % Gleneagles Securities 12.0 m 8.9 RNB Resources 11.5 m 8.2 State One Capital 7.8 m 5.6 Soul Pattinson 6.8 m 4.8 Top 20 shareholders 61.8 m 44.0
Ken Boundy 2	Non-Ex		ecutive Director
HenryKinstlinger	CompanySecretary
Leon Hawker	Chief OperatingOfficer
Rob Williams	General Manager
Jacob Rebek 3 Chief Geologist
1ex-Premier of Tasmania and investor in China 2Investor in Tasmania tourism industry. Holds senior public positions 3ex-CRA-Rio Tinto Chief Geologist. Led discovery team for Century (1993) and Eastern Australian Bauxite (2006-09)

17

ABx JORC Mineral Resources

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Region Resource Million Thickness Al2O3 SiO2 A/S Fe2O3 TiO2 LOI Al2O3 Avl Rx SiO2 Avl/Rx % Lab O'Burden Int. Waste
Category Tonnes (m) % % ratio % % % @ 143°C % % ratio Yield (m) (m)
CAMPBELL TOWN Inferred 1.8 3.0 42.6 3.5 12 25.4 3.5 24.6 36.7 3.0 12 50 2.1 0.1
AREA TASMANIA 7 Indicated 1.7 3.2 42.5 3.2 14 26.4 3.0 24.5 36.2 2.8 14 55 1.8 0.1
Total 3.5 3.1 42.5 3.3 13 25.9 3.3 24.5 36.5 2.9 13 52 2.0 0.1
DL-130 AREA TAS 1 Inferred 5.7 3.8 44.1 4.3 10 22.8 3.1 25.0 37.6 3.2 12 55 1.5 0.1
Total Tas 9.2 3.5 43.5 3.9 11 24.0 3.2 24.8 37.2 3.1 12 54 1.7 0.1
BINJOUR QLD 2 Inferred 9.0 3.9 43.7 4.5 10 22.4 3.6 24.2 38.0 3.8 10 59 8.2 0.3
DSO Indicated 15.5 5.3 44.2 3.1 15 23.4 3.7 24.9 39.5 2.6 15 62 9.4 0.3
Total 24.5 4.8 44.1 3.6 12 23.1 3.7 24.6 39.0 3.0 13 61 8.9 0.3
TOONDOON QLD 3 Inferred 3.5 4.9 40.2 7.2 6 25.3 4.9 21.7 32.8 5.2 6 67 1.5 0.0
TARALGA S. NSW 4 Inferred 9.9 3.1 40.4 5.7 7 24.6 4.1 22.2 35.2 1.9 18 54 0.1 0.2
Indicated 10.2 3.7 41.3 5.3 8 25.9 4.0 22.9 36.1 1.9 19 55 0.7 0.4
Total 20.1 5.6 40.8 5.5 7 25.3 4.0 22.6 35.7 1.9 19 55 0.5 0.3
PDM-DSO Inferred 7.6 2.5 37.0 6.0 6 38.4 3.5 13.3 22.1 1.3 17 72 0.2 0.1
Indicated 10.3 3.1 37.6 3.9 10 40.4 3.7 13.5 22.4 1.1 20 71 0.7 0.4
Total 17.8 5.8 37.3 4.8 8 39.6 3.6 13.5 22.3 1.2 18 72 0.5 0.3
Total Taralga 37.9 5.7 39.2 5.2 8 32.0 3.8 18.3 35.4 1.6 23 63 0.5 0.3
INVERELL N. NSW 5 Inferred 17.5 4.7 39.8 4.8 8 27.7 4.3 22.2 31.0 4.2 7 61 2.3
Indicated 20.5 4.8 40.6 4.7 9 26.9 4.1 22.5 32.0 4.0 8 60 2.4
Total 38.0 4.8 40.2 4.7 9 27.3 4.2 22.4 31.6 4.1 8 61 2.4
GUYRA N. NSW 6 Inferred 2.3 4.2 41.4 3.6 12 26.2 3.3 24.6 35.0 2.8 13 56 3.4
Indicated 3.8 5.9 43.1 2.6 16 27.3 3.9 24.5 37.4 2.0 18 61 4.4
Total 6.0 5.3 42.5 3.0 14 26.9 3.7 24.5 36.5 2.3 16 59 4.0
GRAND TOTAL ALL AREAS 119.1 * PDM is Al2O3 spinel. Al2O3 Avl at 225°C is >35%
Explanations: All resources 100% owned & unencumbered. Resource tonnage estimates are quoted as in-situ, pre mined tonnages. All assaying done at NATA-registered ALS Laboratories, Brisbane. Chemical definitions: Leach
conditions to measure available alumina "Al2O3 Avl" & reactive silica "Rx SiO2" is 1g leached in 10ml of 90gpl NaOH at 143°C for 30 minutes. LOI = loss on ignition at 1000°C. "Avl/Rx" ratio is (Al203 Avl)/(Rx SiO2) and "A/S" ratio is
Al203/SiO2. Values above 6 are good, above 10 are excellent. Tonnage is for bauxite in-situ. Lab Yield is for drill dust samples screened by ALS lab at 0.26mm. Production yields are not directly related and are typically between 60% and
75%. Tonnages requiring no upgrade will have 100% yield. Resource estimates exclude large tonnages of potential extensions, overburden & interburden detrital bauxite and underlying transitional bauxite mineralisation. Production will
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Explanations: All resources 100% owned & unencumbered. Resource tonnage estimates are quoted as in-situ, pre mined tonnages. All assaying done at NATA-registered ALS Laboratories, Brisbane. Chemical definitions: Leach conditions to measure available alumina "Al2O3 Avl" & reactive silica "Rx SiO2" is 1g leached in 10ml of 90gpl NaOH at 143°C for 30 minutes. LOI = loss on ignition at 1000°C. "Avl/Rx" ratio is (Al203 Avl)/(Rx SiO2) and "A/S" ratio is Al203/SiO2. Values above 6 are good, above 10 are excellent. Tonnage is for bauxite in-situ. Lab Yield is for drill dust samples screened by ALS lab at 0.26mm. Production yields are not directly related and are typically between 60% and 75%. Tonnages requiring no upgrade will have 100% yield. Resource estimates exclude large tonnages of potential extensions, overburden & interburden detrital bauxite and underlying transitional bauxite mineralisation. Production will ~~l if th t i l~~ The information above relates to Mineral Resources previously reported according to the JORC Code (see Competent Person Statement) as follows:

• 1 Maiden Tasmania Mineral Resource, 5.7 million tonnes announced on 08/11/2012

• 2 Binjour Mineral Resource, 24.5 million tonnes announced on 29/06/2012

• 3 QLD Mining Lease 80126 Maiden Resource, 3.5 million tonnes announced on 03/12/2012

• 4 Goulburn Taralga Bauxite Resource Increased by 50% to 37.9 million tonnes announced on 31/05/2012

• 5 Inverell Mineral Resource update, 38.0 million tonnes announced on 08/05/2012

• 6 Guyra Maiden Mineral Resource, 6.0 million tonnes announced on 15/08/2011

• 7 ASX ABX Initial resources for first Tasmanian mine announced on 24/03/2015

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18