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ABx Group Limited (ASX:ABX)

ALERT: Price-sensitive ASX Announcement for ABX
Current share price for ABX : $0.042 -0.029 (-40.85%)+
Announcement
Release
9 Dec 2025 9:35AM
Price at Release
$0.071
Full Release
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Summary
ABx Group Limited has announced that it received a non-refundable fee of $300,000 from Good Importing International (GII) to extend an exclusive option to invest $4.8 million for a 75% interest in ABx2 Pty Ltd. This investment pertains to the Taralga and Penrose Bauxite Projects in New South Wales, Australia. The $300,000 fee will be credited towards the investment if the option is exercised by 11 June 2026. Part of this fee is allocated for project studies jointly conducted by ABx and GII. The collaboration highlights GII's strategic investment role, having already invested $2.7 million in ABx3 Pty Ltd for the Sunrise Bauxite Project in Queensland. The relationship aims to leverage opportunities in the bauxite market amidst global shifts impacting supply, such as those from Guinea.
Key Points
  • $300,000 non-refundable fee received from GII.
  • Exclusive option to invest $4.8 million for 75% interest in ABx2.
  • Projects include Taralga and Penrose Bauxite Projects in NSW.
  • Option period extended to 11 June 2026.
  • Funds to be used for project studies with GII.
  • GII has previously invested $2.7 million in ABx3, Sunrise Bauxite Project.
  • Global market conditions impacting bauxite supply.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.