Announcement PDF ABX Group Limited ABN 14 139 494 885 Half Year Financial Report - 30 June 2026 ABX Group Limited Contents 30 June 2026 1 Corporate directory 2 Review of Operations 3 Directors' report 14 Auditor's independence declaration 16 Statement of profit or loss and other comprehensive income 17 Statement of financial position 18 Statement of changes in equity 19 Statement of cash flows 21 Notes to the financial statements 22 Directors' declaration 32 Independent auditor's review report to the members of ABX Group Limited 33 ABX Group Limited Corporate directory 30 June 2026 2 Directors Joycelyn Morton (Non-Executive Chair) Dr Mark Cooksey (Managing Director & CEO) Ian Levy (Non-Executive Director) Company Secretary Mathew Watkins Registered office Suite 2, Level 11, 385 Bourke Street Melbourne, Victoria 3000 Principal place of business Suite 2, Level 11, 385 Bourke Street Melbourne, Victoria 3000 Telephone: +61 3 9692 7222 Fax: +61 3 9692 7222 Website: www.abxgroup.com.au Share register Computershare Investor Services Pty Limited 452 Johnston Street, Abbotsford, Victoria 3067 Telephone:1300 850 505 Auditor PKF Melbourne Audit & Assurance Pty Ltd Level 15, 500 Bourke Street, Melbourne, Victoria 3000 Telephone: +61 3 9679 2222 Stock exchange listing ABx Group Limited shares and options are listed on the Australian Securities Exchange (ASX code: ABX & ABXO). ABX Group Limited Review of Operations 30 June 2026 3 Review of Operations ABx Group is developing heavy rare earths, hydrogen fluoride and bauxite projects in Australia. Heavy Rare Earths: Supplying light and heavy rare earths from Tasmania into Western supply chains Customer Engagement ABx continued its customer engagement activities, with 10 gram samples of the maiden MREC distributed to six potential customers in Australia and North America for evaluation. Most samples have been evaluated and all feedback to date has been highly positive.1 The first formal feedback on the ABx MREC was received from Rare Earth Technologies, Inc (RETi)2, a US-based company that concentrates, separates, and purifies rare earth elements. RETi has developed a breakthrough, commercially scalable, proprietary refinement and separation system to produce separated rare earth oxides — a technology that stands to transform how critical minerals are processed in Western supply chains. RETi testing confirmed that the ABx MREC was of exceptional purity and was an ideal feedstock for the RETi process. ABx currently holds approximately 90 grams of its second MREC sample, which was produced using column leaching and contained even higher proportions of the most valuable heavy rare earths, such as dysprosium (Dy) and terbium (Tb), and significantly lower amounts of the key impurities; aluminium and iron.3 ABx intends to distribute sub-samples of this material to a broader group of prospective customers as part of an expanded customer qualification program. Managing Director Dr Mark Cooksey was part of an Australian Critical Minerals delegation to Canada and the US in March. Dr Cooksey attended the PDAC4 Convention in Toronto, one of the world’s major resources events, where he presented on the Deep Leads project. Following PDAC, the delegation participated in a Business Matchmaking Session in New York for Australian critical minerals projects, where discussions were held with potential investors. Mixed Rare Earth Carbonate (MREC) The Australian Nuclear Science and Technology Organisation (ANSTO) confirmed that the second mixed rare earth carbonate (MREC) produced from the Deep Leads rare earths deposit in northern Tasmania is exempt from radiological control.1 This was also the case for the maiden MREC.5 Furthermore, the total contained activity, a measure of radioactivity, in the second MREC was even lower than in the maiden MREC. The exemption from radiological control is crucial for minimising regulatory compliance requirements for shipping and handling by customers. In addition, some customers highly value very low radioactivity levels, because it provides options to blend MRECs from multiple sources. The very low radioactivity of the ABx MRECs means that ABx is very well placed to meet the most stringent customer requirements, so ABx has more potential customers. ABx is unlikely to require an impurity removal step to reduce the levels of radioactive elements to meet customer specifications. In contrast, many other potential rare earth miners will need a process step to reduce the levels of radioactive elements, which will add cost and complexity to their process. Both MRECs were produced using the standard three-step process for ionic rare earths: leaching, impurity removal and precipitation, an existing commercial process that has been used for many decades. Metallurgical Testing ABx made extensive use of its in-house facilities to conduct leaching tests on numerous samples. A major project milestone was that several new areas of ionic adsorption clay rare earths with high extraction were identified.6 These results strongly suggest that there is a substantial extent of ionic rare earths in the Deep Leads deposit, which will enhance our ability to supply significant volumes of high-quality MREC into western supply chains. Project Development ABx continued its engagement with engineering partners on project design options, focusing on faster, cheaper, lower risk alternatives. 1 ASX Announcement, 17 June 2026 2 ASX Announcement, 20 March 2026 3 ASX Announcement, 16 March 2026 4 Prospectors & Developers Association of Canada 5 ASX Announcement, 2 March 2026 6 ASX Announcement, 10 March 2026 ABX Group Limited Review of Operations 30 June 2026 4 Exploration The exploration program at the T8 prospect yielded strong results, intersecting 3,500 ppm TREO at 2m depth, with high levels of dysprosium and terbium.7 Mineral Resources Tasmania granted Exploration Licence EL14/2025 in northern Tasmania.8 The new licence covers an area of 165 km2 and is located around 30 km north of ABx's Deep Leads rare earths resource. EL14/2025 further expands ABx's portfolio of tenements prospective for ionic adsorption clay rare earth element (REE) mineralisation in northern Tasmania to over 800 km2. Using its geological model and exploration technology, ABx has identified additional prospective areas to further expand its exploration footprint across northern Tasmania. The Company’s application for EL1/2026, located immediately west of EL27/2022 and EL28/2022 along the prospective Nile Road dolerite foothills trend, remains in progress. Minerals Resources Tasmania awarded ABx a grant of 50% of direct drilling costs on the Deep Leads – Rubble Mound Extension, up to a maximum of $100,000, as part of Round 12 of the Exploration Drilling Grant Initiative (EDGI).8 The grant can be applied to expenditure between 5 June 2026 and 12 November 2027. Following the end of the period, ABx commenced a new rare earth exploration drilling program across its northern Tasmanian tenements.9 A key feature of the new program will be the implementation of a proprietary testing technique developed by ABx to rapidly assess the amount of ionic rare earths within exploration samples. The Company is also utilising artificial intelligence (AI) tools to support exploration analysis and planning. Current applications include integrating ABx's exploration and metallurgical datasets with publicly available geological information to assist with target generation and prioritisation. Government Research Partnerships The Critical Metals for Critical Industries (CMCI) Cooperative Research Centre (CRC) was created to drive the development and commercialisation of new critical minerals refining technologies. ABx is a partner in the CRC, and is playing a leading role in developing the rare earths development program. This will enhance the value of the Deep Leads project. ABx is a partner with TeraGlo, who have been awarded a $2.4 million Critical Technologies Challenge Program (CTCP) grant to develop a world-first quantum-enabled, in-field geometallurgy sensor specifically designed for clay-hosted rare earths. ABx has provided a comprehensive set of samples to TeraGlo for testing and evaluation. Rare Earths Strategy Rare earths have many applications in a wide variety of industries. Permanent magnets are the most valuable application, representing over 90% of the total value of rare earths demand. Permanent magnets are used in electric vehicles, wind turbines, robots, smartphones and military applications. The four most important rare earths for permanent magnets are neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb). Other rare earths particularly important for military applications are samarium (Sm), gadolinium (Gd), ytterbium (Yb) and yttrium (Y). The supply risk is higher for the heavy rare earths, which includes all the above except Nd and Pr. For example, China produces 99% of the world’s dysprosium oxide and terbium oxide.10 Most rare earths are sourced from hard-rock mineral deposits, typically requiring costly mining and processing plants with significant lead times to reach production. An alternative source of rare earths is clay-hosted deposits. These typically contain a mixture of ionically adsorbed (ionic) rare earths and non-ionic rare earths. The relative proportion of each varies enormously in different deposits. The ionic rare earths can be leached using a low-cost three-step process that has been used commercially for many years. The other typical major advantages of ionic rare earths are:  Higher proportion of heavy rare earths compared to mineral deposits. Most of the world’s heavy rare earths is sourced from ionic deposits  Low concentrations of radioactive elements such as uranium and thorium  Exist at shallow depth 7 ASX Announcement, 20 January 2026 8 ASX Announcement, 9 June 2026 9 ASX Announcement, 1 September 2026 10 Benchmark Minerals, “Ex-China rare earths premium to grow, especially for heavies”, 24 March 2026 ABX Group Limited Review of Operations 30 June 2026 5 Existing and prospective rare earth refineries are seeking high quality MRECs produced at low cost. MRECs with high proportions of heavy rare earths such as Dy and Tb are particularly in demand because these elements have the most acute supply risk. Ionic rare earth deposits have historically been mined predominantly in southern China, and more recently also in Myanmar. ABx has reported a JORC-compliant mineral resource of 89 million tonnes11 at its Deep Leads - Rubble Mound and Wind Break deposits.12 The resource contains 36 ppm Dy+Tb13 and Dy+Tb is 4.3% of TREO, the highest proportion of any clay- hosted rare earth deposit in Australia and among the highest globally. Furthermore, the level of radioactive elements is very low (2 ppm U2O3 and 6 ppm ThO2). This is complemented by a portfolio of deposits and exploration tenements in northern Tasmania (Figure 1). Figure 1: ABx exploration tenements in northern Tasmania. Leaching tests conducted by Australian Nuclear Science and Technology Organisation (ANSTO) found the highest ionic extractions reported from any clay-hosted resource in Australia.14,15 ABx has produced its first two MREC products from the Deep Leads resource, one via a tank leach16 and one via a column leach (Figure 2).17 Both MRECs contain more than 4.6% DyTb18 as a percentage of TREO (Table 1), more than twice that of any other peer MREC. ANSTO has confirmed that both MRECs had low radioactive content and would be exempt from radiological control.19 11 41 Mt inferred, 42 Mt indicated and 6 Mt measured 12 ASX Announcement, 2 May 2024 13 Dy+Tb = Dy2O3 + Tb4O7 14 ASX Announcement, 31 May 2022 15 ASX Announcement, 2 February 2023 16 ASX Announcement, 2 December 2025 17 ASX Announcement, 16 March 2026 18 DyTb = Tb4O7 + Dy2O3 19 ASX Announcement, 17 June 2026 ABX Group Limited Review of Operations 30 June 2026 6 ABx intends to sell a high value, pure MREC, rich in heavy rare earths. ABx has excellent prospects of meeting customer requirements because: ABx achieved high extractions at ambient temperatures and pressures with minimal acid in a short time, which is likely to lead to lower cost and lower impurities and radioactive elements in the MREC product. For most clay-hosted rare earth deposits globally, minimal rare earth extraction is achieved using these process conditions; The ABx MREC has a significantly higher proportion of Dy and Tb compared to peers. Magnet rare earth prices remain high, with Benchmark20 reporting DDP China prices of almost US$200/kg for Dy oxide and over US$900/kg for Tb oxide. Furthermore, CIF Europe prices for Dy and Tb are over five times higher than Chinese domestic prices, illustrating the potential premium for non-China sources of rare earths. The ABx rare earth deposits are in accessible forest plantations near major towns, highways, ports and grid hydropower. ABx has executed a Memorandum of Understanding with Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF),21 which plans to develop heavy and light rare-earth processing facilities in the US and Canada. ABx is also in discussions with other potential offtake partners. ABx is focusing on the following three areas that are the key to commencing commercial production of an MREC as soon as possible:  Resource Growth: Continue exploration throughout its expanding tenement holdings in northern Tasmania to expand the resource size and identify optimum projects  Project Design: Complete economic studies to optimise project design, supported by metallurgical studies conducted in-house and with partners such as ANSTO and engineering partners  Customer Engagement: Grow the relationships and partnerships with several Australian and international customers, such as Ucore Rare Metals Table 1: Proportions of REO in ABx MRECs.22 Rare earth oxide (REO) Maiden MREC Second MREC La2O3 17.5% 16.7% CeO2 5.6% 1.1% Pr6O11 + Nd2O3 28.3% 28.3% Sm2O3 + Eu2O3 + Gd2O3 10.9% 12.0% Tb4O7 + Dy2O3 4.6% 5.4% Other HREO 5.2% 6.5% Y2O3 27.8% 30.0% Total 100.0% 100.0% 20 Benchmark Mineral Intelligence, 11 June 2026 21 ASX Announcement, 4 September 2024 22 ASX Announcement, 16 March 2026 Figure 2: Second MREC sample produced from Deep Leads ABX Group Limited Review of Operations 30 June 2026 7 Clean Fluorine Chemical Production: Producing hydrogen fluoride from an aluminium smelter by-product (ALCORE) The design and construction of the continuous pilot plant are proceeding at the ALCORE Technology Centre (ATC) in Bell Bay, Tasmania. Economic Assessment The ALCORE engineering team has calculated indicative operating costs for a nominal acidspar plant and a nominal ALCORE plant.23 These are based on published literature on the acidspar process and from information obtained from ongoing engagement with leading global engineering companies with extensive experience in the fluorspar industry. Even assuming a relatively high cost of aluminium smelter bath, the indicative operating cost of producing anhydrous hydrogen fluoride (AHF)24 using the ALCORE process is still US$400/t lower than using the acidspar process, based on a current acidspar price of US$520/t. The economics of the ALCORE process are even more favourable if the aluminium smelter bath can be secured at lower cost, as indicated by ALCORE’s discussions with numerous aluminium smelters. The estimates of US$1,000-1,600/t would place ALCORE in the lowest quartile globally for AHF production cost.25 Furthermore, if the acidspar price continues to rise, as forecasts suggest,26 then the economics of the acidspar process will become even less favourable. Because the ALCORE process has been designed to use aluminium smelter bath, and bath is much lower cost than acidspar, the use of bath can lead to a significantly lower operating cost for the ALCORE process, and hence a significantly higher operating margin. ALCORE Technology Centre Site Preparation Following approval of the building permit application, civil works have commenced for the continuous pilot plant at the ATC.27 Civil works involving foundations, bunded covered process areas, and supporting infrastructure is needed for process equipment, platforms, utilities, chemical storage, control room and workshop functions. TasNetworks is coordinating with ALCORE’s construction works, progressing the site power supply upgrade, including upgraded high-voltage supply infrastructure, a new substation and associated earthing and connection works. ALCORE is also advancing the new main switchboard and downstream electrical infrastructure required to support the site and pilot plant operation. Pilot Plant Installation Equipment for the pilot plant is being regularly delivered to the ATC. Equipment already received includes a process water treatment plant, a demineralised water generator, air compressors, chemical storage containers, laboratory equipment and a forklift. Pilot plant development continues across the major process modules and supporting infrastructure and auxiliary systems. Formal HAZOP28 studies for the major process modules have been completed, with ALCORE now implementing the resulting actions to support design finalisation and equipment installation. Major process modules are being manufactured, with ALCORE continuing detailed engineering and supplier review of equipment interfaces, platforms, pressure equipment, electrical systems, valves and instruments, together with operating and maintenance requirements. This work supports Australian Standards compliance, regulatory requirements, site readiness and commissioning preparation. A detailed 3D model of the site and pilot plant has been developed with Kempe Engineering and supported by BFluor Chemicals’ specialist fluorochemical expertise. The model is being used to integrate utilities, module ventilation, process piping, electrical cable routing, access, maintenance and installation requirements. 23 ASX Announcement, 2 July 2026 24 100% hydrogen fluoride is known as anhydrous hydrogen fluoride (AHF). Water is added to AHF to produce hydrofluoric acid 25 Project Blue, Fluorspar supply & demand outlook, Fluorine Forum 2025, Baveno, Italy, 22-24 October 2025 26 Tivan, Speewah Fluorite Project Feasibility Study, 20 March 2026 27 ASX Announcement, 13 July 2026 28 Hazard and Operability ABX Group Limited Review of Operations 30 June 2026 8 Environmental Approvals As previously reported, the Environmental Effects Report (EER) was submitted to EPA Tasmania in March.29 ALCORE has recently responded to requests for further information received during the review process and continues to work closely with regulators to facilitate timely completion of the environmental assessment. Strengthened ALCORE Team ALCORE continues to strengthen the team that will commission and operate the continuous pilot plant. Following the appointment of the Site Operations Manager in December, two Senior Process Engineers commenced in late April. This expansion of the technical and operational team is an important part of ALCORE’s execution plan. It ensures additional capability is in place as the project advances through approvals, site preparation, construction and commissioning. Business Development ALCORE is engaging with the Australian and global fluorine industry to identify additional commercial opportunities for the technology, particularly for the production of other critical minerals. Clean Fluorine Chemicals Strategy ALCORE is aiming to establish the production of hydrogen fluoride and fluorine chemicals in Australia, using an aluminium smelter by-product as a feed material. High value fluorine chemicals are widely used in many applications in modern economies. Notable examples include:  Lithium-ion battery (LiB) chemicals, such as lithium hexafluorophosphate (LiPF6). Most LiBs use LiPF6 in the electrolyte  A range of chemicals for semiconductor manufacture  Uranium hexafluoride, used in fuel rods in nuclear reactors  Fluorocarbons, such as refrigerants and polymers  Rare earth fluorides, essential for converting rare earth oxides to rare earth metals  Aluminium fluoride, an essential chemical for aluminium smelting. Fluorspar (calcium fluoride, CaF2) is the major source of fluorine worldwide. It is mined and upgraded using crushing, grinding and flotation to products such as:  Acidspar (>97% CaF2): used to produce fluorine chemicals  Metspar (60-96% CaF2): used in steel and cement production Global production of acidspar is highly concentrated in China (79% of global production) and Mexico (11%).30 The global market is currently approximately balanced, but a significant supply deficit is forecast by 2035. Acidspar exports from China have reduced by 80% since 2010. The price of acidspar has increased at 6% per year in nominal terms for the past 35 years.31 Given the importance of fluorine chemicals, their dependence on acidspar, and acidspar supply concerns, fluorspar has been designated a critical mineral by the US, Europe, Japan, Canada and Australia.32 Although fluorspar is a critical mineral, it cannot be used directly to produce fluorine chemicals. The intermediate is anhydrous hydrogen fluoride (AHF), which is produced by the reaction of acidspar and sulfuric acid, known as the acidspar process. The AHF is reacted with other minerals and chemicals to produce fluorine chemicals. This is illustrated in Figure 3. 29 ASX Announcement, 27 March 2026 30 Project Blue, Fluorspar supply & demand outlook, Fluorine Forum 2025, Baveno, Italy, 22-24 October 2025 31 Tivan, Speewah Fluorite Project Feasibility Study, 20 March 2026 32 Australia has designated fluorine, rather than fluorspar, as a critical mineral ABX Group Limited Review of Operations 30 June 2026 9 Figure 3: Simplified fluorine value chain. Hydrogen fluoride is the bridge between fluorspar and fluorine chemicals AHF and hydrofluoric acid are also used directly in many applications, including:  Production of high purity quartz, required for the production of polysilicon for solar panels  Purification of natural graphite, used in lithium-ion batteries  Etching and cleaning processes in semiconductor manufacture Most modern aluminium smelters produce excess ‘bath’ as a by-product, solid granules that contains about 50% fluorine. Throughout the 100+ year history of the aluminium smelting industry, excess bath from an operating smelter was sold to new smelters, which required bath to commence operations. This was the only meaningful market for excess bath. Over the past decade, two factors have led to an increasing global surplus of bath:  Raw material changes and technology changes in aluminium smelting, which have led to increased bath production per tonne of aluminium produced  Reduced rate of new smelter construction, because the growing demand for aluminium is being increasingly met using recycling. Aluminium industry forecasts suggest that the global bath market surplus will increase, with bath production anticipated to far outstrip demand.33 Aluminium smelter bath has become a by-product with almost no market. All the major global aluminium producers are eager for alternative applications for excess bath, to avoid the unpalatable options of on-site storage or landfill. ALCORE has developed a world-first proprietary process to produce industrial chemicals from aluminium smelter bath. The major products are hydrogen fluoride and metal sulfates. The hydrogen fluoride is combined with aluminium hydroxide to produce aluminium fluoride via an existing commercial process. The combined approach is illustrated in Figure 3. ALCORE intends to construct commercial hydrogen fluoride and aluminium fluoride plants in Bell Bay, Tasmania. 33 BathCo, Excess bath material – sustainable solutions to an environmental liability, 39th ICSOBA conference, 22-24 November 2021. ABX Group Limited Review of Operations 30 June 2026 10 The ALCORE process has been operated at pilot scale in a batch reactor. A continuous pilot plant is being constructed,34 the outcomes of which will be: 1. Selection of reactor designs and process conditions for the commercial plant 2. Production of saleable hydrogen fluoride for evaluation by customers ALCORE has secured the support of Rio Tinto35 and the Tasmanian Government36 to locate the pilot plant in an existing industrial facility adjacent to the Bell Bay aluminium smelter in northern Tasmania. Clean Fluorine Chemicals Project Development ABx is focusing on the following three areas that are the key to commencing commercial production of hydrogen fluoride and aluminium fluoride as soon as possible:  Pilot Plant: Construct and operate the continuous pilot plant to validate commercial design parameters  Project Design: Complete economic studies to optimise project design, supported by international engineering partners  Customer Engagement: Grow the relationships and partnerships with Australian and international customers (a) AHF production from acidspar (b) AHF production from aluminium smelter bath using the ALCORE process Figure 3: Simplified process flowsheets for AHF production from acidspar and aluminium smelter bath 34 ASX Announcement, 13 July 2026 35 ASX Announcement, 15 January 2025 36 ASX Announcement, 19 December 2024 ABX Group Limited Review of Operations 30 June 2026 11 Near-term Bauxite Production: Mining bauxite resources for the aluminium, cement and fertiliser industries Sunrise Bauxite Project: Binjour, Queensland The initial $2.7 million investment by Good Importing International (GII) into ABx3 Pty Ltd (ABx3), previously a wholly-owned subsidiary of ABx, 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, the overall approvals pathway remaining on schedule for completion in 2027. Achieving this milestone is a critical step towards production.37 Post the end of the period, ABx3 appointed Onterris Australia Pty Ltd38 (Onterris) as environmental approvals consultant to progress key approvals for the Binjour mine, including preparation and delivery of the Site-Specific Environmental Authority (SSEA) and Progressive Rehabilitation and Closure Plan (PRCP).39 Taralga and Penrose Bauxite Projects: New South Wales 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 to extend the exclusive option period to 11 June 2026.40 Post the end of the period, GII did not exercise their exclusive option to invest A$4.8 million to acquire a 75% interest in ABx2, which holds the Taralga and Penrose bauxite assets in NSW.39 Therefore ABx retains 100% ownership of both assets. However, GII continues to regard the Taralga and Penrose bauxite assets as attractive opportunities. DL130 Bauxite Project: Tasmania As previously advised, ABx has completed all environmental approvals and Meander Valley Council (MVC) approved the planning permit, subject to some conditions. ABx appealed some aspects of the MVC decision to the Tasmanian Civil & Administrative Tribunal (TASCAT). A representor also appealed the decision. All parties are participating in mediation, which continues. As ABx has already been granted Mining Lease 2142P/M for the project by Mineral Resources Tasmania, commencement of bauxite quarrying is only subject to resolution of the planning permit appeal. Bauxite Strategy Metallurgical and Refractory Grade Global metallurgical bauxite prices spiked substantially in late 2024 and early 2025 due to a combination of factors, notably actions by the Guinean government to restrict exports by some companies. These higher prices materially increase the value of ABx’s bauxite assets. The ABx strategy is to bring these into production as soon as possible, with a focus on profitability. The ABx metallurgical and refractory grade bauxite assets are listed in Table 2. In 2025, ABx executed a transformational series of agreements with Good Importing International (GII). GII will invest up to $5.4m in two stages to acquire up to a 75% interest in ABx3 Pty Ltd (ABx3), which holds the Sunrise Bauxite Project assets in Queensland. GII has made the Stage 1 $2.7 million payment to earn 70% ownership of ABx3.41 The Stage 1 program is expected to be complete in 2027. The timing is mainly dependent on securing environmental approvals. Stage 2 funding of a further $2.7 million will follow upon completion of Stage 1 milestones. The Sunrise Bauxite Project in Queensland consists of a JORC-compliant resource of 37 million tonnes of gibbsite-type metallurgical bauxite at Binjour and port operations at Bundaberg port (Figure 4). The Taralga deposit consists of a JORC-compliant resource of 38 million tonnes of gibbsite-type metallurgical bauxite, located 200 km inland from Port Kembla (Figure 5). The Penrose discovery is a layer of refractory-grade bauxite in Penrose state pine forest, adjacent to the Hume Highway, 90 kilometres from Port Kembla. 37 ASX Announcement, 15 June 2026 38 Formerly Epic Environmental Pty Ltd 39 ASX Announcement, 17 August 2026 40 ASX Announcement, 9 December 2025 41 ASX Announcement, 9 October 2025 ABX Group Limited Review of Operations 30 June 2026 12 Table 2: ABx metallurgical and refractory grade bauxite assets. ABx2 is 100% owned by ABx, and ABx3 is 30% owned by ABx. Location State Owner Resource (Mt) Inferred Indicated Total Taralga42 NSW ABx2 17.5 20.4 37.9 Penrose43 NSW ABx2 - - - Binjour44 QLD ABx3 14.2 22.8 37.0 Figure 4: Sunrise Bauxite project (mine at Binjour and port at Bundaberg) 42 ASX Announcement, 31 May 2012 43 ASX Announcement, 27 February 2017 44 ASX Announcement, 18 June 2018 ABX Group Limited Rev