Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 12 Update Summary Entity name ABX GROUP LIMITED Announcement Type Update to previous announcement Date of this announcement 28/9/2026 Reason for update to a previous announcement Compliance with ASX Guidance Note 30 regarding Corporations Act requirement that the Company applies for quotation of the securities offered under the Prospectus. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 12 Part 1 - Entity and announcement details 1.1 Name of +Entity ABX GROUP LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ACN Registration Number 139494885 1.3 ASX issuer code ABX 1.4 The announcement is 1.4a Reason for update to a previous announcement Compliance with ASX Guidance Note 30 regarding Corporations Act requirement that the Company applies for quotation of the securities offered under the Prospectus. 1.4b Date of previous announcement to this update 17/9/2026 1.5 Date of this announcement 28/9/2026 1.6 The Proposed issue is: A placement or other type of issue A placement or other type of issue An offer of +securities under a +securities purchase plan Update/amendment to previous announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 12 Part 4 - Details of proposed offer under securities purchase plan Part 4A - Conditions 4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? 4A.1a Conditions Approval/Condition +Security holder approval Date for determination 29/10/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments The SPP Securities will be subject to shareholder approval as they do not meet the requirements under ASX Listing Rule 7.2 exception 5. Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 12 Part 4B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description ABX : ORDINARY FULLY PAID Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description ABX : ORDINARY FULLY PAID Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 64,516,129 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)? Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Is the minimum acceptance unit based or dollar based? Please enter the minimum acceptance value $ 1,000 Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Is the maximum acceptance unit based or dollar based? Please enter the maximum acceptance value $ 30,000 Dollar based ($) Yes Dollar based ($) Yes No No Yes Dollar based ($) Yes Dollar based ($) Yes No No Yes Dollar based ($) Yes Dollar based ($) Yes No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 12 Describe all the applicable parcels available for this offer in number of securities or dollar value $1,000 $2,500 $5,000 $7,500 $10,000 $15,000 $20,000 $25,000 $30,000 Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar How and when will the offer price be determined? The issue of new fully paid ordinary shares will be at the lower of the Placement price or 95% of the VWAP of Shares traded on ASX over the five (5) Trading Days up to and including the Closing Date (rounded down to the nearest $0.001). Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements If the Company decides to conduct any scale back, it intends to apply the scale back on a pro rata basis to existing shareholdings of Eligible Shareholders, however the directors reserve the right also to accept oversubscriptions. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Attaching +Security The proposed attaching security can only be of an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX) Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code +Security description No No New class Yes Yes No No No New class Yes Yes No No No New class Yes Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 12 ASX +security code New class-code to be confirmed +Security description Options exercisable at $0.046 (4.6 cents) and expiring three years from the date of issue +Security type Options Offer ratio (ratio of attaching securities at which the new +securities will be issued) The quantity of attaching +securities to be issued 1 For a given quantity of the new +securities issued 2 What will be done with fractional entitlements? Fractions rounded up to the next whole number Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 32,258,065 Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.00000 Please confirm whether the offer of the attaching +securities is a separate offer to the offer pursuant to the +security purchase plan Please confirm whether the attaching +securities are being offered under a +disclosure document or +PDS Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements If the Company decides to conduct any scale back, it intends to apply the scale back on a pro rata basis to existing shareholdings of Eligible Shareholders, however the directors reserve the right also to accept oversubscriptions. Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.0460 Expiry date 30/10/2029 Details of the type of +security that will be issued if the option is exercised ABX : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised 32,258,065 Yes Yes Yes No Yes Yes Yes Yes No Yes Yes Yes Yes No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 12 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. https://abxgroup.com.au/announcements Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 17/9/2026 4C.2 +Record date 16/9/2026 4C.3 Date on which offer documents will be made available to investors 28/9/2026 4C.4 Offer open date 28/9/2026 4C.5 Offer closing date 23/10/2026 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 30/10/2026 Part 4D - Listing Rule requirements 4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? 4D.1a Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 4D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? Part 4E - Fees and expenses 4E.1 Will there be a lead manager or broker to the proposed offer? 4E.1a Who is the lead manager/broker? Alpine Capital Pty Ltd Yes No No No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 8 / 12 4E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? No separate lead manager fee is payable. Refer to item 3E.2c for the underwriting fees payable to Alpine Capital Pty Ltd 4E.2 Is the proposed offer to be underwritten? 4E.2a Who are the underwriter(s)? Alpine Capital Pty Ltd 4E.2b What is the extent of the underwriting (ie the amount or proportion of the issue that is underwritten)? The Share Purchase Plan is fully underwritten for $2.0 million 4E.2c What fee, commission or other consideration is payable to them for acting as underwriter(s)? The Underwriter will receive a 3% management fee and a 3% selling fee on the underwritten amount, and will receive two (2) options for each one (1) share underwritten, on the same terms as the Company's already quoted ABXO options. 4E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated. The underwriting agreement includes termination rights that are customary for a transaction of this nature, including for material breaches of the agreement, misleading or deceptive disclosures, withdrawal of the offer, insolvency events, regulatory intervention, loss of ASX quotation, material adverse changes and certain adverse market events. 4E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Set out in in the Prospectus for the offer. Part 4F - Further Information 4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Advancement of the Company's Deep Leads rare earths project in Tasmania and the construction and commissioning of the ALCORE pilot plant, together with working capital and offer-related costs. 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? 4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer All countries outside of Australia and New Zealand. 4F.3 URL on the entity's website where investors can download information about the proposed offer https://abxgroup.com.au/announcements 4F.4 Any other information the entity wishes to provide about the proposed offer Nil No No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 9 / 12 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 29/10/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Security holder approval is not required for the issue of shares under the Placement. The Placement shares may therefore be issued on an unconditional basis. Security holder approval is required for the issue of the free attaching options to be issued under placement and 3,225,806 new fully paid ordinary shares to Directors who participated in the placement. Further details are set out in the announcement dated 17 September 2026 relating to the capital raising. Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description ABX : ORDINARY FULLY PAID Number of +securities proposed to be issued 67,741,935 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? In what currency is the cash consideration being paid? AUD - Australian Dollar What is the issue price per +security? AUD 0.03100 Will these +securities rank equally in all respects from their issue date with Yes Yes Existing class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 10 / 12 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Attaching +Security Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Options Exercisable at $0.046 (4.6 cents) expiring 3 years from the date of issue +Security type Options Number of +securities proposed to be issued 33,870,968 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities N/A - these are free attaching unlisted options - one to be issued for every two shares Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.0000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.0460 Expiry date 23/9/2029 Details of the type of +security that will be issued if the option is exercised Yes No No No New class Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 11 / 12 Details of the type of +security that will be issued if the option is exercised ABX : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:ABX) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. https://abxgroup.com.au/announcements Part 7C - Timetable 7C.1 Proposed +issue date 23/9/2026 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 27,024,335 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? 7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? 37,491,794 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.1a Who is the lead manager/broker? Alpine Capital Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? Yes No No Yes Yes Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 12 / 12 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? The Lead Manager will receive a 3.0% management fee on all funds, 3.0% selling fee on the gross proceeds raised under the Placement (excluding funds raised under the Chair's List), and approximately 13.5 million Lead Manager Options on the same terms as the Placement Options. 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue N/A Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Advancement of the Company's Deep Leads rare earths project in Tasmania and the construction and commissioning of the ALCORE pilot plant, together with working capital and offer-related costs. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue N/A 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No No