ABX GROUP LIMITED — Investor Presentation 2022

Sep 7, 2022

ASX Announcement

8 September 2022

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ASX: ABX

CEO Presentation at the New World Metals Investment Series

In accordance with the requirements of Listing Rule 3.1 we submit the attached material being presented at the New World Metals Investment Series , at the Hyatt Regency Hotel, 99 Adelaide Terrace, Perth .

Dr Mark Cooksey, CEO is making the presentation at 11: 45 am A W ST on Thursday 8 September 2022.

This conference is able to be viewed live via Zoom. To access further details and to register at no cost, please copy and paste the following link into your internet browser:

https://www.thenewworldmetalsconference.com.au/livestreamregistration

ASX Release authorised by Mark Cooksey, CEO.

For further information please contact:

Dr Mark Cooksey Managing Director and CEO ABx Group Limited Mobile: +61 447 201 536 Email: mcooksey@abxgroup.com.au

Website: abxgroup.com.au

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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(ASX:ABX)

New World Metals Perth Mark Cooksey Managing Director and CEO

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8 September 2022

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.

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Corporate Overview

ASX code: ABX

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Current Issued Average daily Market cap Cash
Listed shares Options 52 week range volume (@ $0.155) @ 3 Sep 2022 Shareholders
24 Dec 2009 223.6m 78.8m $0.097- 230,000 $35m $3.8m 2,500
@ $0.20
@ $0.20 $0.21
Major Shareholders Shares % $0.24 12
Volume
Justevian Pty Ltd 5.8 m 2.7 $0.20 10
Share Price
Yarraandoo Pty Ltd 5.6 m 2.5
$0.16 8
HSBC Custody Nominees 5.6 m 2.5
$0.12 6
Aftron Pty Ltd 5.5 m 2.4
$0.08 4
WSF Pty Ltd 5.1 m 2.3
$0.04 2
Top 20 shareholders 60.8 m 27.2
$0.00 0
Remainder 162.8 m 72.8
Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22
Share Price Volume (m)
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Resources: 130 million tonnes bauxite

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Creating new sources and technologies for the supply of strategic minerals and chemicals

1. Multiple discoveries of the ideal type of rare earth deposit in northern Tasmania

2. Production of aluminium fluoride, essential for aluminium smelting, from recycled waste

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

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Exploration Development Technology
Rare Earth Elements (& Bauxite)
Discovering and developing niche Developing innovative chemical
deposits engineering processes
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4

Segments

Rare earth discoveries in northern Tasmania

ALCORE Aluminium fluoride production technology

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Permanent magnets: dominant application for rare earths

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Super
Essential for electric vehicles and wind turbines
Magnets
Represent over 90% of value of rare earths consumption
Forecast to grow faster than other rare earth applications
By Volume By Value
Nd Pr
Neodymium Praseodymium
Smart Electric
Phones Vehicles
Tb Dy
Terbium Dysprosium
91%
Permanent magnet
share of rare 35%
Wind Military
earths market
Turbines Systems
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• Essential for electric vehicles and wind turbines

• Represent over 90% of value of rare earths consumption

• Forecast to grow faster than other rare earth applications

Source: Rare Earth Industry Association (https://www.global-reia.org/about-rare-earth/)

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Ionic adsorption clay (IAC) rare earth deposits

• Currently only mined in southern China

• Contain much higher proportion of higher value rare earths, such as those required for permanent magnets (Nd, Pr, Dy, Tb)

• Less complex processing: lower costs and shorter time to production

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Permanent Permanent
magnet rare Lanthanum magnet rare
earths (high and cerium earths (high
value) (low value) value)
Other rare
earths (high
Lanthanum
value)
and cerium
Other rare
(low value)
earths (high
value)
Mount Weld (Australia) Ionic clay (southern China)
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Source: D.J. Packey and D. Kingsnorth, Resources Policy, 48(2016) 112-116.

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‘Clay-hosted’ is not the same as ‘ionic adsorption clay’

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Grade
Attractive REE
mineral deposit
Ionic adsorption
Clay-hosted REE
clay
(low-cost processing) (high-cost processing)
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Extent of mineralisation

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ABx rare earth discoveries in Tasmania

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Wind Break
REE
Deep 52km
Leads REE Targets
Portrush
REE Rubble Mound
REE discovery Launceston REE
ABx tenements
EL9/2010
EL18/2014
EL10/2021
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• ABx is the first company to discover rare earths in Tasmania

• ABx hosts the rare, true ionic adsorption clay type of rare earth deposit

Attractive opportunity

1. Grade (some samples above 1,000 ppm Nd/Pr/Dy/Tb oxides)

2. Recovery (samples up to 70% using ammonium sulfate at pH 4)

3. Shallow depth, typically 6-12 metres

4. Very low levels of radioactive elements (thorium and uranium)

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ABx rare earths strategy

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Legend
TREO - Above 700ppm
TREO - Between 300 to 700ppm
TREO - Below 300ppm
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Strategy

• Rapidly develop low-cost production of rare earth concentrates

• Operate only where welcomed

2022 Plan

• Further drilling campaigns in exploration licence EL10/2021

• Estimate maiden rare earths resource

• Further metallurgical testing to determine recovery via desorption

• Sample characterisation to understand clay mineralogy

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10

Segments

Rare earth discoveries in northern Tasmania

ALCORE Aluminium fluoride production technology

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Page 1111

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Aluminium fluoride: essential for aluminium smelting

Fluorspar + sulfuric acid = hydrogen fluoride + gypsum Aluminium hydroxide + hydrogen fluoride = aluminium fluoride

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Aluminium fluoride

Tapped bath

Current imports/exports

Aluminium fluoride (AlF3)

• 1.2 million tonnes produced globally per year worth US$1.5 billion (US$1,200 per tonne)

• Australia imports 100% of requirements, mostly from China

• ‘Tapped bath’: an aluminium smelter waste

• Fluorine is lost from smelter in ‘tapped bath’

• Only attractive market is new smelter construction; none in Australia

• Global market for tapped bath has moved into oversupply

• Tapped bath is a low-cost source of fluorine

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Closing the waste loop

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  - Exemplary illustration of circular economy

• ABx’s 83%-owned refining technology subsidiary

• Developing processes to produce aluminium fluoride using:

• Fluorine from tapped bath (an aluminium smelter waste)

• Aluminium from dross (an aluminium smelter waste) or bauxite

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Process scale-up

• Rigorous scale-up to reduce technical risk

• First aluminium fluoride plant planned for Bell Bay, Tasmania, near existing hydro-powered aluminium smelter. Planned production 20,000 t/y

• High potential for plants in other major aluminium smelting regions

• Potential expansion into other markets, including fluorine chemicals

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Commercial Commercial
Pilot Stage 1 Stage 2
Laboratory
20 kg/h bath 200 kg/h bath 3,000 kg/h bath
0.3 kg/h bath
NSW
1,300 t/y AlF3 20,000 t/y AlF3
NSW
<$1m Tasmania Tasmania
$16m $80m
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Received $7.5m grant

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14

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ABx Group Limited L5 52 Phillip Street Sydney 2000 Australia Phone: +61 2 9251 7177 E: corporate@abxgroup.com.au

Julie Young Marketing & Investor Relations Manager E: jyoung@abxgroup.com.au

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