ABX GROUP LIMITED — AGM Information 2025

May 25, 2025

ASX Announcement

26 May 2025

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ASX: ABX

2025 Annual General Meeting Materials 26 May 2025 – 12 pm (AEST)

ABx Group Limited (ASX: ABX) (“ABx” or “the Company”) provides the attached material to be presented at the 2025 Annual General Meeting (AGM).

Documents Attached

• Chair’s Address

• Managing Director and CEO Presentation - A Uniquely Positioned Australian Company Delivering Materials for a Cleaner Future

This announcement is approved for release by the board of directors.

For further information please contact:

Dr Mark Cooksey Media MD & CEO Chapter One Advisors ABx Group David Tasker / Alex Baker +61 447 201 536 +61 433 112 936 / +61 432 801 745 mcooksey@abxgroup.com.au dtasker@chapteroneadvisors.com.au www.abxgroup.com.au abaker@chapteroneadvisors.com.au

About ABx Group Limited

ABx Group (ABX) is a uniquely positioned, high-tech Australian company delivering materials for a cleaner future.

The two current areas of focus are:

• Creation of an ionic adsorption clay rare earth project in northern Tasmania.

• Establishment of a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste, to replace imports (ALCORE).

There is also a legacy business:

• Mining and enhancing bauxite resources for cement, aluminium and fertiliser production.

ABx endorses best practices on agricultural land, strives to leave land and environment better than we find it. We only operate where welcomed.

CHAIR’S ADDRESS

Dear fellow shareholders,

ABx Group Limited ABN 14 139 494 885

Level 4, 100 Albert Road, South Melbourne, VIC 3205 P: +61 3 9692 7222 F: +61 2 9956 7355

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ASX Release 26 May 2025
page 2
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I would like to thank you for your continued support for ABx Group throughout 2024, which not only reflects a year of significant growth but also marks the completion of my first year as a board member and now chair overseeing the direction of this exciting company.

Throughout the year, the Company has met some major goals, and we are well-positioned to continue delivering value to shareholders. At the Deep Leads rare earth project, ABx has conducted extensive exploration. Our JORC Compliant Resource has expanded to 89 million tonnes, averaging 844 ppm total rare earth oxides, which features the highest dysprosium and terbium grades of any clay-hosted rare earths resource in Australia. Moreover, the project is backed by large-scale tenure – the majority of which remains underexplored – meaning there is plenty of opportunity for further development. This is evidenced by our recent discovery of a new rare earth province southeast of Launceston, Tasmania which is exciting because it occurs right at surface. It confirms that ABx’s exploration team is capable of identifying prospective ground.

Equally impressive are the activities of our 83%-owned subsidiary Alcore. The business has demonstrated its capability to convert aluminium smelter bath waste into high-value industrial chemicals. Alcore has successfully outgrown its facilities in NSW and, with support from the Tasmanian Government and a lease from Rio Tinto Aluminium Limited, we are now developing a pilot plant in Bell Bay, Tasmania. This plant is designed to advance our batch testing reactor to one that can continuously process up to 20 kg/h of bath waste, a significant step toward demonstrating the commercial potential of our world-leading, waste-reducing technology.

Global bauxite prices have significantly increased due to severe supply disruptions. This global shortfall in bauxite supply, presents an attractive opportunity for ABx, given the favourable quality and logistical settings of our bauxite deposits in Queensland and Tasmania. This positions the company uniquely in a globally evolving market. We are actively pursuing several options to monetise these assets, including updating mine studies to prioritise an earlier commencement of production.

Our Sunrise Bauxite Project in Queensland and DL130 Bauxite Project in Tasmania are impressive. Moreover, they align with ABx’s broader strategy of capitalising on global trends, such as rising demand for critical minerals and a shift toward increasing self-sufficiency in Australia. These bauxite projects are part of this strategy, positioning ABx to take advantage of the global demand for critical minerals.

Our high value rare earth elements are in huge demand globally. Our rare earth project has already shown remarkable potential, with ABx’s rare earths not only being high in permanent magnet elements, but also its metallurgical properties should make it lower cost and environmentally friendly to extract. ABx is now engaging with engineering consultants about potential strategies for all of ABx’s REE projects.

ALCORE’s impressive and world leading project for converting smelter bath waste into hydrogen fluoride and aluminium fluoride, an essential chemical for aluminium smelting

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ASX Release 26 May 2025
page 3
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that is currently 100% imported, will commence this year at its pilot plant in Bell Bay, Tasmania. This is an exemplary demonstration of the circular economy.

Our work across these varied projects demonstrates the unique potential for ABx Group, particularly as we address critical materials shortages while simultaneously operating in an ESG-positive manner. Whether through the innovative extraction methods in rare earths or the recycling capabilities of ALCORE, ABx is well-placed to take advantage of these globally significant opportunities.

Now is a pivotal time in the future of the Company.

With this momentum, we have a clear path to success in 2025 and beyond.

I sincerely thank our shareholders for their loyalty and support. I also want to acknowledge the entire ABx team for their conscientious and tireless hard work, as we together continue this exciting journey.

Yours faithfully,

Joycelyn Morton Non-Executive Chair

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(ASX:ABX)

A uniquely positioned Australian company delivering materials for a cleaner future Annual General Meeting

26 May 2025

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Page 1

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Disclaimer

This presentation has been prepared by ABx Group Limited ACN 139 494 885 (“ABx” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involving unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABx has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, ABx makes no representation and can give no assurance, guarantee or warranty, express or other implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of ABx does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to make an informed assessment of the company’s prospects. You should also conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision.

Prices for aluminium fluoride (AlF3) were sourced from Asian Metals, China Customs and verified by comparison with prices from Bloomberg. The price actually achieved will depend upon market conditions at the time of sale.

Competent Person Statement

The information in this report that relate to Exploration Information and Mineral Resources are based on information compiled by Ian Levy who is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Levy is a qualified geologist and a director of ABx Group Limited.

Mr Levy has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is 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 Levy has consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears.

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Delivering materials for a cleaner future

Rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains

Fluorine waste recycling: Producing industrial chemicals from aluminium smelter waste

Bauxite: Mining bauxite resources for the aluminium, cement and fertiliser industries

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Investment Proposition

Highest proportion of Dy+Tb of any clay-hosted resource in Australia

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Simple processing without drill and blast mining, or use of acids
Supply Shortage
Team
Massive demand growth for rare
Experienced and capable
 earths 
Mineralogy and REE
Distribution Pathway to Production
No acid required for processing  Bauxite mining is enabler 
Balance of light and heavy REE
Jurisdiction Infrastructure
Commercial forest plantation in Less than 50 km to industrial
 
Australia centre and enabling infrastructure
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ABx Deep Leads Rare Earth Project

• Upgrade to 89 Mt announced May 2024[1]

• Over 10-fold increase in 12 months

Size	Cut-off (ppm TREO-CeO2)	Mean TREO (ppm)	Mean TREO-CeO2 (ppm)	DyTb3 (%TREO)
89 Mt2	350	844	652	4.3%

Holes drilled	Metres drilled (m)	Metres assayed (m)	From (m)	To (m)
1,077	9,742	3,843	4.2	12.0
Resource based on only 29% of identified mineralised outline1
May 2025: Temple Bar discovery, 50 km east of Deep Leads4

• 1ABX ASX Announcement, 2 May 2024

• 241 Mt inferred, 42 Mt indicated and 6 Mt measured

• 3DyTb = Dy2O3 + Tb4O7

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REE resources
Application Launceston
SW test
Exton Scout drill
areas campaign
EL27/2022
EL28/2022
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Source: ABX ASX Announcement, 7 May 2025

• 4ABX ASX Announcement, 7 May 2025

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Deep Leads mineralogy is amenable to low cost processing

Deep Leads is one of the few ionic adsorption clay resources

• Rare earths can be extracted from an ionic adsorption clay ore in less than 30 minutes at pH 4 or above. They do not require acid

• Avoidance of acid significantly reduces impurities and hence operating cost

• Most clay-hosted deposits are not ionic

Company	Project	Country	Proposed Leaching
ABx	Deep Leads	Australia	AMSUL, pH 4
Australian Rare Earths	Koppamuura	Australia	MGSUL, pH 1-2.2
OD6	Splinter Rock	Australia	HCl, 25 g/L
Meteoric Resources	Caldeira	Brazil	AMSUL, pH 4
Ionic Rare Earths	Makuutu	Uganda	AMSUL, pH 2

Sources: See Appendix 1

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1 Non-Ionic 2 3 Ionic 4
(acid ) pH (non-acid)
Production Cost
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Illustrative cost curve for clay-hosted rare earth resources

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Deep Leads has ideal balance of light and heavy rare earths

• ABx rare earth product will be attractive to separation plants

• ABx has among the highest Dy and Tb grades of any ionic adsorption clay deposit

• ABx will be resilient to any variation in demand for light and heavy rare earths

Company	Project	Country	%NdPr	%DyTb
ABx	Deep Leads	Australia	21.8%	4.3%
Lynas	Mt Weld	Australia	23.3%	0.4%
MP Materials	Mountain Pass	USA	16.4%	-
Northern Minerals	Wolverine	Australia	-	10.0%
Arafura	Nolans Bore	Australia	26.4%	0.4%
Meteoric Resources	Caldeira	Brazil	22.9%	1.2%

Sources: See Appendix 2

Rare earth	Rare earth type	Feature
Neodymium (Nd) Praseodymium (Pr)	Light	Provide magnetic strength
Dysprosium (Dy) Terbium (Tb)	Heavy	Retain magnetic properties at high temperatures

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40
35
30
25
20
15
10
5
0
Ema (Brazil) Kennedy (QLD) Caldeira (Brazil) Colossus (Brazil) Deep Leads (TAS)
(ppm)
7
O4
+ Tb
3
O2
Dy
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Sources: See Appendix 3

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Pathway to Production: Bauxite operations

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• ABx mined bauxite in northern Tasmania from 2014 to 2020, and sold the product to cement and fertiliser plants. Customer demand is ongoing[1]

• Similar bauxite resource overlays Deep Leads rare earth resource

• Bauxite mining operations will expose rare earth mineralisation and enable rare earths project to be fast tracked

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• Bauxite sales will provide cashflow for funding rare earths development

• Bauxite mining licence application submitted

• Environmental approval received

• Planning decision imminent

• Plan to commence production in Q4 2025

1ABx ASX Announcement, 11 September 2023

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ABx operations at Bald Hill Project near Campbell Town, Tasmania

Mining

Rehabilitated mine site

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Pathway to Production: Strategic and offtake partnerships

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Offtake Interest

• Executed MOU[1] for offtake and potential investment with Ucore, who is undertaking technology transfer from demonstration scale to commercial scale rare earth oxide separation in North America, with financial support from US Department of Defense and Canadian government

Strategic Investor Interest

• Engaging with deep-pocketed long-term investors with strategic interest in rare earths supply chain

Government Support

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• Engaged with the Australian and Tasmanian governments’ critical minerals strategies – potential for the company to receive financial support

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1ABx ASX Announcement, 4 September 2024

Ucore Rapid[SX] demonstration plant in Kingston, Canada

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Delivering materials for a cleaner future

Rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains

Fluorine waste recycling: Producing industrial chemicals from aluminium smelter waste

Bauxite: Mining bauxite resources for the aluminium, cement and fertiliser industries

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Supply shortage: limited supplies of fluorspar

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Increasing fluorspar prices
600
500
400
300
200
100
0
2014 2016 2017 2019 2020 2021 2023 2024 2025
China 97% min fluorpsar price (USD/t)
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Source: Asian Metal

Government recognition

Critical Minerals Lists Fluorspar USA Europe Japan Canada Fluorine Australia

“In 2035, fluorspar demand will exceed current supply by 40-70%”

US DOE Critical Minerals Assessment, 2023

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New fluorine source available: aluminium smelter bath waste

• Fluorine is an essential chemical for aluminium smelting

• 50% of fluorine leaves aluminium smelting process as aluminium smelter bath

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Aluminium smelter
Aluminium
bath (50%)
fluoride (AlF3)
Waste refractories
(50%)
Aluminium
Smelter
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Major fluorine flows in aluminium smelters

Increasing surplus of aluminium smelter bath

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350,000
300,000
250,000
200,000
Global surplus
150,000
100,000
50,000
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Bath Consumption Bath Production
Bath (tonnes/year)
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Source: S.J. Lindsay, Bath generation and management, 10th Australasian Aluminium Smelting Technology Conference, 2011

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Process is low risk

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Smelter bath
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Low technical risk

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Aluminium
smelting
Metal
AIF HF sulfates
3
Aluminium Hydrogen
fluoride fluoride
e.g. Metal
e.g. Refrigerants, Fluorocarbons treatment, graphite
lubricants purification
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Process is adaptation of existing commercial process to produce hydrogen fluoride from fluorspar

Exemplary demonstration of circular economy

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Significant cost advantage of replacing fluorspar with bath

A rare opportunity that is financially, strategically and environmentally attractive

• ALCORE process produces same hydrogen fluoride product using a much lower cost feed material

• Aluminium smelter bath is a good quality material (low impurities)

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Potential for significant
profit margin
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Utilities, labour,
etc.
Other raw Utilities, labour,
materials
etc.
Other raw
materials
Fluorspar
Smelter bath
Fluorspar process ALCORE process
Indicative Opertating Cost
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Pathway to production: Project development

ALCORE has first mover advantage

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 
Commercial Commercial
Continuous
Laboratory Batch Pilot Stage 1 Stage 2
Pilot
300g bath 3 kg bath 200 kg/h bath 3,000 kg/h bath
20 kg/h bath
NSW NSW
1,200 t/y AlF 3 20,000 t/y AlF 3
Tasmania
$2m (lab) $50k Tasmania Tasmania
$2m
$16m $80m
2019-22 2023-24 2024-25
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• $7.6m Federal Government MMI grant awarded[1] and $5.7m instalments received[2]

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Critical process steps demonstrated[3]

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Achieved target fluorine recovery[4]

• At facility leased from Rio Tinto at reduced rate[5]

• $1m conditional loan from Tasmanian Government[6]

• Orders placed for all key equipment[7]

• Produce saleable hydrogen fluoride for evaluation by customers

• Determine design and operating parameters for commercial plant

First plant planned for Bell Bay, Tasmania

1ABX ASX Announcement, 29 April 2022 2ABX ASX Announcement, 28 June 2023 3ABX ASX Announcement, 24 October 2022 4ABX ASX Announcement, 4 June 2024 5ABX ASX Announcement, 19 December2024 6ABX ASX Announcement, 15 January 2025 7ABX ASX Announcement, 9 April 2025

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Delivering materials for a cleaner future

Rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains

Fluorine waste recycling: Producing industrial chemicals from aluminium smelter waste

Bauxite: Mining bauxite resources for the aluminium, cement and fertiliser industries

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Investment Proposition

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Global shortage of bauxite leading to significantly higher prices
ABx has pathway for near term production in Australia
Supply Shortage
Team
Severe global bauxite supply
Experienced and capable
 constraints 
Pathway to Production
Grade and Mineralogy
Have mined previously bauxite in
Trihydrate bauxite  
Australia
Jurisdiction Infrastructure
Australia
 Less than 200 km to export ports 
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Severe global bauxite supply constraints

Bauxite price delivered from Guinea to China increased more than 50% from September 2024 to January 2025

Countr Factor y China Many small mines closed for not meeting safety and environmental standards Guinea Government acting to limit bauxite exports China Bauxite resource de letion p

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$140
$120
$100
$80
$60
$40
$20
$0
Jul-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25
Bauixte Guinean 45%min CIF China (US$/dt)
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Source: Asian Metal

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ABx Bauxite Resources

89 million tonnes, all in Australia

Location	State	Resource (Mt)	Resource (Mt)	Resource (Mt)	Al2O3 (wt%)	SiO2 (wt%)
		Inferred	Indicated	Total
Binjour1	QLD	14.2	22.8	37.0	36.2	14.6
Taralga2	NSW	17.5	20.4	37.9	39.2	5.2
DL1303	TAS	5.7	0	5.7	37.9	11.0

Only major resources shown

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1ABX ASX Announcement, 18 June 2018 2ABX ASX Announcement, 31 May 2012 3ABX ASX Announcement, 8 November 2012

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Sunrise Bauxite Project, Queensland

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• 37 Mt resource[1]

• Investigating DSO option to commence operations

• Product planned to be 42%Al2O3, 5.2% SiO 2

• Use common user infrastructure at Bundaberg port

• Possible approval in 6 months

• Possible to commence mining during 2025

• Full production anticipated to be 1.2 mt/y

1ABX ASX Announcement, 18 June 2018; 14 Mt inferred and 23 Mt indicated

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DL130 Bauxite Project, Northern Tasmania

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Burnie Port
Bell Bay Port
Devonport
Portside
Northern Tasmanian Projects Project
Deep Leads, DL-130 and Rubble Mound Portrush Project
Launceston
REE Exploration
Thick bauxite up to 14m
Close to Bell Bay export port Nile Road Project
Fingal Rail Project
First Mine: Bald Hill Project
LEGEND
ABx Lease Areas
Major Export Port
Aluminium Smelter
Major Roads
Rail Lines
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• Five-year cement-grade bauxite supply agreement signed with Adelaide Brighton Cement Limited[1]

• • Formal agreement secured with all landholders[2]

• EPA approved Environmental Permit

• • Planning permit application being assessed by Meander Valley Council

• • Mining planned to commence in 2025

Bald Hill

• Mined cement and fertiliser grade 2015-20

• • Fully rehabilitated

1ABX ASX Announcement, 11 September 2023 2ABX Quarterly Report to 30 June 2024, 31 July 2024

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ABx Group Limited www.abxgroup.com.au Level 4, 100 Albert Rd South Melbourne VIC 3205 Australia Phone: +61 3 9692 7222 E: investors@abxgroup.com.au

Mark Cooksey Managing Director and CEO E: mcooksey@abxgroup.com.au

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Appendix 1

Company	Project	Country	Stage	Study Level	Resource	Resource	Resource	Resource	Resource	Resource	Resource	Proposed leaching conditions	Proposed leaching conditions	Proposed leaching conditions
					Mt	Type	Grade (TREO) (ppm)	Cut-off grade (TREO-CeO2) (ppm)	Reference			Conditions	Reference
ABx	Deep Leads	Australia	Exploration	-	41.4	Inferred	811	350	ABX ASX Announcement	Table 1	2 May 2024	AMSUL pH 4	ABX ASX Announcement	31 May 2022
					41.6	Indicated	856
					5.6	Measured	998
Australian Rare Earths	Koppamurra	Australia	Exploration	-	123	Inferred	747	325	AR3 ASX Announcement	Table 1	30 Sep 2024	MGSUL pH 1-2.2	AR3 ASX Announcement AR3 ASX Announcement	16 May 2023 8 July 2024
					112	Indicated	750
					0.7	Measured	813
OD6	Splinter Rock	Australia	Exploration	-	563	Inferred	1,276	1,0002	OD6 ASX Announcement	Table 1	29 May 2024	HCl, 25g/L	OD6 ASX Announcement	16 Oct 2024
					119	Indicated	1,632
Meteoric Resources	Caldeira	Brazil	Exploration	Scoping	409	Inferred	2,626	1,0002	MEI ASX Announcement	Table 2	1 May 2023	AMSUL pH 4	MEI ASX Announcement	8 July 2024
Ionic Rare Earths	Makuutu	Uganda	Exploration	DFS	127	Inferred	540	200	IXR ASX Announcement	Table 3	20 Mar 2023	AMSUL pH 2	IXR ASX Announcement	20 Mar 2023
					404	Indicated	670

1Meas = Measured, Ind = Indicated, Inf = Inferred

2Cut-off grade is TREO (ppm)

The resource figures provided are the most recent reported by each company, and at the desired reported cut-off grade provided by each company’s headline numbers. Each resource model contains its own economic and geological assumptions not represented in this table. Resource sizes and grades vary depending on the cut-off used by the specific company.

The leaching conditions provided are the most representative provided by each company. In the case of a DFS, PFS or scoping study, they are the conditions used as the base case in that study. In other cases, they are those reported as ‘optimum’ by the company

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Appendix 2

Company	Project	Country	Stage	Study Level	Resource (Mt)	Resource (Mt)	Grade (TREO) (ppm)	%Pr2	%Nd2	%Tb2	%Dy2	Cut-off grade (TREO) (ppm)	Reference	Reference	Reference
					Mt	Type1
ABx	Deep Leads	Australia	Exploration	-	41.4	Inferred	811	4.4%	17.4%	0.62%	3.7%	3503	ABX ASX Announcement	Table 1	2 May 2024
					41.6	Indicated	856	4.4%	17.5%	0.61%	3.6%
					5.6	Measured	998	4.3%	17.4%	0.66%	3.9%
Lynas	Mt Weld	Australia	Production	-	71.1	Inferred	32,000	5.1%4	18.3%4	0.16%4	0.6%4	25,000	LYC ASX Announcement	Table 1 Table 7	5 Aug 2024
					15.5	Indicated	43,000
					20.0	Measured	72,000
MP Materials	Mountain Pass	USA	Production	-	9.095	Inferred	50,500	4.2%	12.1%	0.0%	0.0%	21,800	MP Materials Form 10-K for 31 Dec 2023	Page 31	22 Feb 2024
					1.455	Indicated	27,500
Northern Minerals	Wolverine	Australia	Exploration	DFS	3.05	Inferred	9,800	0.0%	0.0%	1.32%	8.64%	1,500	NTU ASX Announcement	Table 3 Table 4	10 Oct 2022
					3.24	Indicated	9,500	0.0%	0.0%	1.29%	8.77%
					0.14	Measured	7,000	0.0%	0.0%	1.27%	8.70%
Arafura	Nolans Bore	Australia	Exploration	DFS	21	Inferred	23,000	5.9%	20.6%	0.09%	0.3%	10,000	ARU ASX Announcement	Table 11 Table 12	7 Feb 2019
					30	Indicated	27,000	5.9%	20.5%	0.08%	0.3%
					4.9	Measured	32,000	5.9%	20.2%	0.07%	0.3%
Meteoric Resources	Caldeira	Brazil	Exploration	Scoping	409	Inferred	2,626	5.9%	17.0%	0.19%	1.0%	1,000	MEI ASX Announcement	Table 2	1 May 2023

• 1Meas = Measured, Ind = Indicated, Inf = Inferred

2%Pr = Pr6O11 / TREO, %Nd = Nd2O3 / TREO, %Tb = Tb4O7 / TREO, %Dy = Dy2O3 / TREO,

• 3 Cut-off grade is TREO-CeO2 (ppm)

• 4For 32.0 Mt reserve, not 106.6 Mt resource

5Short tons

The figures provided are the most recent reported by each company, and at the desired reported cut-off grade provided by each company’s headline numbers. Each resource model contains its own economic and geological assumptions not represented in this table. Resource sizes and grades vary depending on the cut-off used by the specific company.

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Appendix 3

Company	Project	Country	Stage	Study Level	Resource (Mt)	Resource (Mt)	Grade (TREO) (ppm)	Tb4O7 (ppm)	Dy2O3 (ppm)	Cut-off grade (TREO-CeO2) (ppm)	Reference	Reference	Reference
					Mt	Type
Brazilian Critical Minerals	Ema	Brazil	Exploration	-	1,017	Inferred	793	4	13	500	BCM ASX Announcement	Table 1	22 Apr 2024
Devex Resources	Kennedy	Australia	Exploration	-	150	Inferred	1,000	3.7	22	325	DEV ASX Announcement	Table 2	4 Jul 2024
Meteoric Resources	Caldeira	Brazil	Exploration	Scoping	409	Inferred	2,626	5	25	1,0001	MEI ASX Announcement	Table 2	1 May 2023
Viridis Mining and Minerals	Colossus	Brazil	Exploration	Scoping	139	Inferred	2,591	5	27	1,0001	VMM ASX Announcement	Page 4	4 June 2024
					62	Indicated	2,590	5	26
ABx	Deep Leads	Australia	Exploration	-	41.4	Inferred	811	5.0	30	350	ABX ASX Announcement	Table 1	2 May 2024
					41.6	Indicated	856	5.2	31
					5.6	Measured	998	6.6	39

1Cut-off grade is TREO (ppm)

The figures provided are the most recent reported by each company, and at the desired reported cut-off grade provided by each company’s headline numbers. Each resource model contains its own economic and geological assumptions not represented in this table. Resource sizes and grades vary depending on the cut-off used by the specific company.

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