ABx Group Limited-Receipt of AU$300,000 Non-Refundable Fee to Advance NSW Bauxite Assets
ABx Group Limited (ASX: ABX) has received a non-refundable AU$300,000 fee from strategic partner Good Importing International (GII), extending GII’s exclusive option to invest AU$4.8 million for a 75% interest in ABx2 Pty Ltd—holder of the Taralga and Penrose Bauxite Projects—until 11 June 2026. The fee, which will be credited against the full investment if exercised, will partly support joint technical studies at Taralga. ABx and GII have already established a strong partnership, with GII investing AU$2.7 million to secure 70% of ABx3, developer of the Sunrise Bauxite Project in Queensland.
Heightened geopolitical and supply risks in Guinea continue to lift strategic interest in diversified bauxite sources. Managing Director Mark Cooksey said the extension reflects GII’s strong commitment and enables further progress on NSW project studies. The Taralga deposit hosts 38 million tonnes of gibbsite bauxite, while Penrose contains higher-value refractory-grade material close to Port Kembla, improving future commercial prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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ABx Group Limited-Receipt of AU$300,000 Non-Refundable Fee to Advance NSW Bauxite Assets
ABx Group Limited (ASX: ABX) has received a non-refundable AU$300,000 fee from strategic partner Good Importing International (GII), extending GII’s exclusive option to invest AU$4.8 million for a 75% interest in ABx2 Pty Ltd—holder of the Taralga and Penrose Bauxite Projects—until 11 June 2026. The fee, which will be credited against the full investment if exercised, will partly support joint technical studies at Taralga. ABx and GII have already established a strong partnership, with GII investing AU$2.7 million to secure 70% of ABx3, developer of the Sunrise Bauxite Project in Queensland.
Heightened geopolitical and supply risks in Guinea continue to lift strategic interest in diversified bauxite sources. Managing Director Mark Cooksey said the extension reflects GII’s strong commitment and enables further progress on NSW project studies. The Taralga deposit hosts 38 million tonnes of gibbsite bauxite, while Penrose contains higher-value refractory-grade material close to Port Kembla, improving future commercial prospects.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au