ABx Group Secures Strategic Investment for Bauxite Projects

ABx Group Limited (ASX: ABX) has signed agreements with Good Importing International (GII) to advance its bauxite projects in Queensland and potentially New South Wales. The Sunrise Project, holding a JORC-compliant resource of 37 million tonnes at Binjour, will see GII acquire up to 75% ownership of subsidiary ABx3 through an AU$5.4 million staged investment. Stage 1, worth AU$2.7 million, will fund approvals, mine planning, and port design, while Stage 2 will finance land and infrastructure development.

In addition, ABx has granted GII an exclusive nine-month option to acquire 75% of ABx2, which holds the Taralga and Penrose deposits, for AU$4.8 million. These projects could benefit from improved logistics at Port Kembla and demand for refractory-grade bauxite. ABx’s Tasmanian assets remain excluded, with a focus on cement and fertilizer-grade bauxite. The company also plans to restart mining at its DL130 project, pending resolution of a tribunal appeal.

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