Announcement PDF For more information, please join ABx Group’s interactive Investor Hub ABx Group Limited Suite 2, Level 11, 385 Bourke St, Melbourne VIC 3000, Australia ABN 14 139 494 885 |P: +61 3 9692 7222 | F: +61 2 9956 7355 ABx Receives $600,000 in R&D Tax Rebates Engage with this announcement on our interactive Investor Hub R&D tax offsets of $600,000 (ABx Group $390,000 and ALCORE $210,000) strengthen the Group's financial position and support continued investment in its rare earths and clean fluorine chemical projects ALCORE has fully repaid the unused grant funds received under the Federal Government's Modern Manufacturing Initiative ALCORE's application for a grant of up to $5 million under the Federal Government's Industry Growth Program remains under assessment ABx Group Limited (ASX: ABX) (ABx or the Company) and its 83%-owned subsidiary ALCORE Limited (ALCORE) have received Research and Development tax offsets totalling approximately $600,000 from the Australian Taxation Office for activities undertaken during the 2025 financial year. ABx received an R&D tax offset of $386,471.07, principally relating to activities associated with the Company's wholly-owned rare earths project in northern Tasmania. Separately, ALCORE received an R&D tax offset of $209,971.34, relating to the development of its proprietary process to produce hydrogen fluoride and fluorine chemicals from an aluminium smelter by-product. This was supported by an Overseas R&D Finding approval by AusIndustry in 2025.1 The combined offsets strengthen the Group's financial position and support continued investment in ABx's rare earths activities and the development and commercialisation of ALCORE's clean fluorine chemical technology. The ALCORE R&D tax offset is based only on operating expenditure during 2025. The R&D tax offset based on capital expenditure for the continuous pilot plant will be received in future years, after depreciation commences when the pilot plant commences operations. Modern Manufacturing Initiative Repayment Completed As previously announced, the Federal Government's Modern Manufacturing Initiative (MMI) grant program concluded at the end of March 2025. The Department of Industry, Science and Resources (DISR) approved $7.44 million in actual and committed ALCORE project expenditure, representing $3.15 million in eligible MMI grant funds.2 1 ASX Announcement, 4 September 2025 2 ASX Announcement, 26 June 2025 ASX Announcement 14 September 2026 ASX: ABX ASX announcement 14 September 2026 page 2 As ALCORE had received two instalments of grant funds totalling $5.69m, $2.53 million of unused grant funds was repayable to DISR. ALCORE and DISR agreed to a repayment schedule consisting of approximately equal monthly instalments, concluding on 29 June 2026.3 In June 2026, the actual project expenditure was finalised as $7.26 million, $175,000 less than the forecast $7.44 million. This meant that the unused grant funds to be repaid was updated to be $2.61 million. ALCORE has now fully repaid this $2.61 million of unused funds, completing its repayment obligations under the MMI grant program. The MMI funding provided important support for the development of ALCORE's technology, including laboratory testing, batch pilot plant activities and development of the continuous pilot plant at Bell Bay, Tasmania. ALCORE is deeply appreciative of the significant financial support provided by the Federal Government for this highly prospective technology, without which it would not be commercialised in Australia. Industry Growth Program Application ALCORE remains under assessment for a Commercialisation and Growth Grant of up to $5 million through the Federal Government's Industry Growth Program (IGP). The IGP supports small and medium enterprises undertaking innovative commercialisation and growth projects within priority areas of the Australian Government's National Reconstruction Fund. ALCORE submitted its application in late 2025. In August, DISR advised that applications have been assessed for eligibility, with eligible applications progressing to the independent assessment committee for merit assessment, and that grant outcomes are anticipated to be available before the end of 2026. ABx will update investors regarding the outcome of the application when appropriate. ABx Group Managing Director and CEO Mark Cooksey said: "ABx greatly values the Australian Government's R&D Tax Incentive, which continues to provide important support for the innovative work being undertaken across our rare earths and clean fluorine chemical projects. The $600,000 received by ABx and ALCORE strengthens our financial position as we continue to advance our projects. "We continue to appreciate the significant support the Federal Government has provided to the development of the ALCORE technology. We look forward to the outcome of ALCORE's Industry Growth Program application as we continue advancing the commercialisation of this important Australian technology.” This announcement is approved for release by the board of ABx Group Limited. Go to the ABx Investor Hub to watch a video of this announcement and ask any questions of management. 3 ASX Announcement, 4 September 2025 ASX announcement 14 September 2026 page 3 For further information please contact: Dr Mark Cooksey MD & CEO ABx Group +61 447 201 536 mcooksey@abxgroup.com.au www.abxgroup.com.au Media Chapter One Advisors David Tasker / Alex Baker +61 433 112 936 / +61 432 801 745 dtasker@chapteroneadvisors.com.au / abaker@chapteroneadvisors.com.au About ABx Group Limited ABx Group is developing heavy rare earths, hydrogen fluoride and bauxite projects in Australia. ABx is a uniquely positioned Australian company delivering materials for a safer, cleaner future. The three priority projects are: • Heavy rare earths: Supplying light and heavy rare earths from Tasmania into Western supply chains o Maiden mixed rare earth carbonate produced and positive feedback received from multiple customers o Processing Options Analysis conducted in partnership with external experts • Clean fluorine chemical production: Producing hydrogen fluoride from aluminium smelter by-product (ALCORE) o Continuous pilot plant under construction in Bell Bay, Tasmania • Near-term bauxite production: Mining bauxite for the aluminium, cement and fertiliser industries o Agreements executed with Good Importing International for bauxite projects in Queensland, and $2.7 million initial payment has been received o Approvals well advanced for DL130 bauxite project in northern Tasmania ABx endorses best practices on agricultural land and strives to leave land and environment better than we find it. We only operate where welcomed. Disclaimer Regarding Forward Looking Statements This ASX announcement (Announcement) contains various forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are inherently subject to uncertainties in that they may be affected by a variety of known and unknown risks, variables and factors which could cause actual values or results, performance, or achievements to differ materially from the expectations described in such forward-looking statements. ABx does not give any assurance that the anticipated results, performance, or achievements expressed or implied in those forward-looking statements will be achieved.