Queensland

• The initial $2.7 million investment by GII into ABx3 is being applied to finalise mine planning, environmental and port approvals for the initial direct shipping ore (DSO) program for the Sunrise Bauxite Project.

• Pleasingly, we are efficiently advancing through the approvals process. Recent advice from the Department of the Environment, Tourism, Science and Innovation indicates that this is on schedule to be complete in 2027, which is the critical step towards production

New South Wales

• GII has an exclusive option to invest A$4.8m to acquire a 75% interest in ABx2, which possesses the Taralga and Penrose bauxite assets.

• ABx and GII engaged external experts to conduct a due diligence study on the Taralga project. This focused on environmental approvals, transport and port logistics. The external experts did not identify any critical issues, so encouragingly this leads to a credible project pathway. This study was funded using a portion of a non-refundable $300,000 fee that GII paid to ABx in December 2025

• ABx and GII have agreed to extend the exclusive option period by two months to 11 August 2026