ABX GROUP LIMITED — Major Shareholding Notification 2009

Dec 22, 2009

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

	AUSTRALIAN BAUXITE LIMITED	AUSTRALIAN BAUXITE LIMITED	AUSTRALIAN BAUXITE LIMITED
To Company Name/Scheme
ACN/ARSN	139 494 885
1. Details of substantial holder (1)
Name	HUDSON RESOURCES LIMITED
ACN / ARSN (if applicable)	008 720 965
The holder became a substantial holder on 21 / 12			/ 2009 .
2. Details of voting power
The total number of votes attached to all the voting shares in		the	company or voting interests in	the scheme that the substantial
holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as
follows:
Class of securities(4)	Number of securities		Persons’ votes(5)	Voting power(6)

Class of securities(4)	Number of securities	Persons’ votes(5)	Voting power(6)
FULLY PAID ORDINARY (RESTRICTED)	50,000,000	50,000,000	71.43%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
HUDSON RESOURCES LTD	SUBSRCIBER SHARES ISSUED AS CONSIDERATION FOR DISPOSAL OF INTEREST IN THE ABX PROJECT TENEMENTS	50,000,000 FULLY PAID ORDINARY (RESTRICTED)

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Class and number of securities
HUDSON RESOURCES LTD	HUDSON RESOURCES LTD	HUDSON RESOURCES LTD	50,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
HUDSON RESOURCES LTD	21 SEPTEMEBR 2009	$1		50,000,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN(if applicable)	Name and ACN/ARSN(if applicable)	Nature of association
sses sses of persons named in this form are as follows: Name Address HUDSON RESOURCES LTD LEVEL 2,131 MACQUARIE STREET SYDNEY NSW
Name	Address
HUDSON RESOURCES LTD	LEVEL 2,131 MACQUARIE STREET SYDNEY NSW

7. Addresses

The addresses of persons named in this form are as follows:

Signature

print name DAVID HUGES capacity SECRETARY sign here date 23 / DECEMBER / 2009

DIRECTIONS

(1)	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related
	corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the
	relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically
	named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of
	the form.

(2)	See the definition of “associate” in section 9 of the Corporations Act 2001.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations A.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the
	person or an associate has a relevant interest in.
(6)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4)
	applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving
	full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written
	statement certifying this contract, scheme or arrangement; and
	(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting
	powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to
	which the qualification applies).
	See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.
(8)	If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an
	option) write “unknown”.
(9)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant
	interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if
	the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of
	the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
	the relevant interest was acquired.