ABX GROUP LIMITED — Capital/Financing Update 2009

Nov 18, 2009

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Hudson Resources Limited ABN 71 008 720 965

AUSTRALIAN BAUXITE LIMITED ACN 139 494 885 australianbauxite.com.au ASX:ABZ

Level 2, 131 Macquarie Street Sydney NSW 2000 Australia p: +61 2 9251 7177 f: +61 2 9251 7500 www.hudsonresources.com.au

ASX ANNOUNCEMENT

19 November 2009

Australian Bauxite Limited IPO to Close Early

The Company has been advised that due to overwhelming interest and support for the offering the Australian Bauxite Limited (ABx) $4 million initial public offering will close 3 weeks early at 5:00pm AEDT on Monday 23 November 2009.

This means that in order to be considered Application Forms must be received by Computershare Investor Services Pty Limited Melbourne no later than 5.00pm (AEDT) on 23 November 2009.

Subscribers should allow sufficient time for this to occur.

Applications

Applications for Securities must be made on the Application Form attached to or accompanying the Prospectus. The Application Form contains detailed instructions on how it is to be completed.

Each Application Form must be accompanied by payment of $0.20 per Share in full. Applications made under Prospectus must be for a minimum of 10,000 Shares ($2,000) and thereafter in multiples of 1,000 Shares ($200).

ABx will proceed to allocate Shares as soon as possible after the Closing Date. Shares will be allotted after receiving ASX permission for official quotation of the Shares.

In relation to applications for Shares, ABx reserves the right to allocate to any Applicant a lesser number of Shares than that applied for, or to decline any Application. Successful Applicants will be notified in writing of the number of Shares allocated to them as soon as possible following the allocation being made after the Closing Date.

Important Information

Prospectus means the Prospectus dated 19 October 2009 as modified or varied by any replacement or supplementary Prospectus made by ABx and lodged with the ASIC from time to time and any electronic copy of the Prospectus, replacement prospectus and supplementary Prospectus.

The Offer of the securities is made in a Replacement Prospectus lodged with ASIC on 28 October 2009. To subscribe for Shares, applicants will need to complete the application form that is in, or accompanies, the prospectus.

In deciding whether to acquire the Shares, applicants should read the prospectus carefully, and if necessary seek their own taxation and investment advice.

The prospectus, including the application form can be viewed and downloaded at australianbauxite.com.au and at www.stateone.com.au.

For further information please contact

Investor Relations, Henry Kinstlinger Hudson Resources Limited

Telephone: +61 2 9251 7177