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ABx Group Limited (ASX:ABX)

ALERT: Price-sensitive ASX Announcement for ABX
Current share price for ABX : $0.038 -0.004 (-9.52%)+
Announcement
Release
17 Aug 2026 9:02AM
Price at Release
$0.042
Full Release
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Summary
On August 17, 2026, ABx Group Limited announced significant progress in its Sunrise Bauxite Project, which is advancing as a priority for Good Importing International (GII). GII has already invested A$2.7 million to acquire a 70% interest in ABx3, the entity holding the Sunrise Project assets. The project, which includes a JORC-compliant mineral resource of 37 million tonnes of bauxite at Binjour, Queensland, aims to finalize mine planning and environmental approvals by 2027. ABx has appointed Onterris Australia Pty Ltd as the environmental approvals consultant to move these processes forward. Furthermore, GII's option to invest A$4.8 million for a 75% interest in ABx2, which holds the Taralga and Penrose bauxite assets in New South Wales, has expired, leaving ABx with full ownership of these assets. Despite the expiration, GII remains interested in these opportunities, and ABx retains a non-refundable A$300,000 option fee.
Key Points
  • ABx3 holds the Sunrise Bauxite Project assets.
  • Onterris Australia Pty Ltd appointed for environmental approvals.
  • Site-Specific Environmental Authority and Progressive Rehabilitation and Closure Plan are in progress.
  • GII invested A$2.7 million for a 70% interest in the Sunrise project.
  • GII's A$4.8 million option for ABx2 expired without exercise.
  • ABx retains 100% of Taralga and Penrose assets.
  • ABx received a non-refundable A$300,000 option fee from GII.
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.