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ABx Group Limited (ASX:ABX)

ALERT: Price-sensitive ASX Announcement for ABX
Current share price for ABX : $0.044 -0.006 (-12%)+
Announcement
Release
15 Jun 2026 9:15AM
Price at Release
$0.050
Full Release
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Summary
ABx Group Limited has established a transformative partnership with Good Importing International (GII), involving significant investments in their bauxite projects in Australia. GII is set to invest up to $5.4 million to secure a majority interest in ABx3, which oversees the Sunrise Bauxite Project in Queensland, and has an exclusive $4.8 million investment option for ABx2, managing the Taralga and Penrose projects in New South Wales. The partnership aims to capitalize on the robust market demand for bauxite, with environmental approvals for the Sunrise project expected by 2027. The projects involve substantial bauxite resources, with the Penrose site offering high-value refractory-grade bauxite.
Key Points
  • ABx Group Limited formed a strategic partnership with Good Importing International (GII).
  • GII is investing up to $5.4 million to acquire a 75% interest in ABx3, a subsidiary holding the Sunrise Bauxite Project assets.
  • GII has an exclusive option to invest $4.8 million in ABx2, a subsidiary holding the Taralga and Penrose bauxite assets.
  • The Sunrise Bauxite Project comprises 37 million tonnes of gibbsite-type bauxite and is located in Queensland.
  • The Taralga and Penrose projects are located in New South Wales, containing 38 million tonnes of gibbsite-type bauxite.
  • Refractory-grade bauxite from Penrose, used for heat containment and abrasives, is valuable.
  • Environmental approvals for the Sunrise Bauxite Project in Queensland are on track for completion in 2027.
  • GII paid a non-refundable $300,000 fee to extend its exclusive option for the Taralga project.
  • ABx Group CEO, Dr Mark Cooksey, highlighted the strong market fundamentals for bauxite.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.