Announcement PDF (ASX:ABX) Delivering Materials for a Cleaner Future International Mining and Resources Conference ICC Sydney – Wednesday 30 October, 11:30am AEDT Mark Cooksey Managing Director and CEO 30 October 2024 Page 1 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. Competent Person Statement The information in this report that relate to Exploration Information and Mineral Resources are based on information compiled by Ian Levy who is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Levy is a qualified geologist and a director of ABx Group Limited. Mr Levy has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Levy has consented in writing to the inclusion in this report of the Exploration Information in the form and context in which it appears. ASX: ABX 2 Delivering materials for a cleaner future • Creation of an ionic adsorption clay rare earth project in northern Tasmania • Establishment of a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste, to replace imports (ALCORE) Exploration Legacy business • Development Rare Earth Elements (& Bauxite) Discovering and developing niche deposits Mining and enhancing bauxite resources for cement, aluminium and fertiliser production ASX: ABX Technology Developing innovative chemical engineering processes 3 Businesses Ionic adsorption clay rare earths Recycling fluorine waste ASX: ABX Page 4 4 Rare earth market: massive demand growth Electric motors require permanent magnets containing rare earths Dysprosium demand ($billion) $6 $5 $4 $3 $2 $1 $0 2020 Capacity 2030 High Demand Source: International Energy Agency, Net Zero by 2050, 2021 Sources: US DoE, Critical Minerals Assessment, 2023; Ginger International Trade & Investment • Electric vehicles will become dominant • Of the rare earths, dysprosium has the most acute supply risk ASX: ABX 5 ABx rare earth resource: attractive metallurgy and grade Grade Metallurgy 35 Operating cost Profit 30 Loss Dy2O3 + Tb4O7 (ppm) Cost and Price (per kg proudct) 40 Product price 25 20 15 10 5 Ionic (neutral conditions) Illustrative cost curve for clay-hosted rare earth resources 0 Non-ionic (acidic conditions) Ema (Brazil) Kennedy (QLD) Caldeira (Brazil) Colossus (Brazil) Deep Leads (TAS) Sources: See Appendix • Extraction from ionic adsorption clay is much lower cost • ABx has one of the few ionic adsorption clay resources • ASX: ABX ABx has among the highest Dy and Tb grades in ionic adsorption clay deposits 6 ABx rare earth resource: outstanding location Plantation forest area in favourable jurisdiction • ABx resource is located in recently harvested hardwood plantation, close to Launceston and Bell Bay port • Australian supply highly attractive to global customers ASX: ABX 7 Businesses Ionic adsorption clay rare earths Recycling fluorine waste ASX: ABX Page 8 8 Fluorine recycling is a significant opportunity Increasing fluorspar prices New source of fluorine waste 350,000 300,000 500 Bath (tonnes/year) 97% min fluorpsar price (USD/t) 600 Source: Roskill 400 300 Source: Asian Metal 200 250,000 200,000 150,000 100,000 50,000 100 0 2014 Global surplus 0 2016 2017 2019 2020 2021 2023 Bath Consumption 2024 Fluorspar is the main source of fluorine, and there are limited new resources 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Bath Production Source: S.J. Lindsay, Bath generation and management, 10th Australasian Aluminium Smelting Technology Conference, 2011 Increasing surplus of ‘aluminium smelter bath’ ASX: ABX 9 ALCORE fluorine recycling process is relatively low risk Relatively low technical risk Process is adaptation of existing commercial process to produce hydrogen fluoride from fluorspar Smelter bath Aluminium smelting Exemplary demonstration of circular economy Waste from aluminium smelting used to produce chemical for aluminium smelting AIF3 HF Aluminium fluoride Hydrogen fluoride Graphite purification, fluorochemicals, etc. ASX: ABX 10 ALCORE process has compelling advantages First mover Significantly lower operating cost Indicative Cost Utilities, labour, etc. Other raw materials Fluorspar Utilities, labour, etc. • Picture of reactors Other raw materials Smelter bath Fluorspar process ALCORE process Substitute high-cost fluorspar with low-cost smelter bath ASX: ABX At pilot stage 11 ABx Group Limited www.abxgroup.com.au Level 4, 100 Albert Rd South Melbourne VIC 3205 Australia Phone: +61 3 9692 7222 E: corporate@abxgroup.com.au Mark Cooksey Managing Director and CEO E: mcooksey@abxgroup.com.au Appendix Company Project Stage Study Level Resource (Mt) Grade (TREO) (ppm) Cut-off grade (TREO-CeO2) (ppm) Tb4O7 (ppm) Dy2O3 (ppm) Reference Brazilian Critical Minerals Ema Exploration - 1,017 Inferred 793 500 4 13 BCM ASX announcement Table 1 22 Apr 2024 Devex Resources Kennedy Exploration - 150 Inferred 1,000 325 3.7 22 DEV ASX announcement Table 2 4 Jul 2024 Meteoric Resources Caldeira Exploration Scoping 409 Inferred 2,626 1,0001 5 25 MEI ASX announcement Table 2 1 May 2023 Viridis Mining and Minerals Colossus Exploration Scoping 201 Indicated + Inferred 2,590 1,0001 5 27 VMM ASX announcement Page 4 4 June 2024 ABx Deep Leads Exploration - 89 Meas + Ind + Inf 844 350 5.2 31 ABX ASX Announcement Table 1 2 May 2024 1Cut-off grade is TREO (ppm) The figures provided are the most recent reported by each company, and at the desired reported cut-off grade provided by each company’s headline numbers. Each resource model contains its own economic and geological assumptions not represented in this table. Resource sizes and grades vary depending on the cut-off used by the specific company. ASX: ABX 13