ABX GROUP LIMITED — Capital/Financing Update 2023

Dec 20, 2023

ASX Announcement

21 December 2023

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ASX: ABX

Oversubscribed SPP to Close Today at 5:00 pm (Sydney Time)

Share Purchase Plan Offer oversubscribed - $572,000 received to date

Share Purchase Plan closing today at 5:00pm (Sydney Time)

All applications received prior to closing will be accepted

ABx Group Limited ( ABx ) advises Eligible Shareholders that the Company’s Share Purchase Plan ( SPP or SPP Offer ), as announced on Monday, 27 November 2023, will close today, 21 December 2023 at 5.00pm (Sydney Time) (Closing Time) .

The Company has currently received $572,000 in subscriptions.

To accommodate all shareholders the directors have determined to accept all valid applications received up to the Closing Time.

BPay payment facilities will cease to be available from the Closing Time. The SPP Offer will not be extended.

Eligible Shareholders can purchase up to $30,000 worth of fully paid ordinary shares in the Company (in any 12-month period) with no associated brokerage.

The SPP price is 8 cents, a premium of 2.4% to the 30-day VWAP to 24 November 2023 (7.81 cents).

The SPP Offer is subject to the terms and conditions set out in a communication to Eligible Shareholders, which was sent by post/email on 4 December 2023 to Eligible Shareholders.

To apply and pay for your new shares, you can apply using the BPAY information provided on your personalised SPP Application Form that was sent to Eligible Shareholders.

Eligible Shareholders can view the SPP Offer document, apply, and pay for SPP Shares at www.computersharecas.com.au/abxspp until 5:00pm today.

Directors that hold shares have participated at the maximum level permissible.

Shareholders will also be able to apply, pursuant to a prospectus to be issued by the Company, for one Free-Attaching Option for every two shares applied for by them under the SPP.

The Company, subject to compliance with ASX rules, will apply for quotation of the Free-Attaching Options.

ABx Group Limited ABN 14 139 494 885

Level 5 52 Phillip Street Sydney NSW 2000 P: +61 2 9251 7177 F: +61 2 9251 7500

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Shareholders are eligible to participate in the SPP if they had a registered address in Australia or New Zealand on ABx’s register at 7:00pm (Sydney time) on Friday, 24 November 2023 ( Eligible Shareholders ).

Eligible Shareholders are encouraged to read the SPP Offer Booklet carefully, and if in any doubt about whether or not to accept the SPP Offer, to consult with a financial or other professional adviser.

Participation in the SPP is voluntary.

Shareholders with questions in relation to how to participate in the SPP may contact ABx’s share registry from 8.30am to 5.30pm (Melbourne time) Monday to Friday on 1300 850 505 (callers within Australia) or +61 3 9415 4000 (callers outside Australia).

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 Mobile: +61 447 201 536 dtasker@chapteroneadvisors.com.au / Email: mcooksey@abxgroup.com.au abaker@chapteroneadvisors.com.au Website: abxgroup.com.au T: +61 433 112 936 / +61 432 801 745

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, via its 83%-owned subsidiary, Alcore

• There is also a legacy business:

  • Mining and enhancing the value of bauxite resources for cement, aluminium and fertilisers.

We only operate where welcomed and we apply best practices to restore any disturbed land to a better condition than we found it.