Abx Group Limited · ASX:ABX
Abx — Investor Presentation (December 2024)
30 slides from Abx's investor presentation, Dec 23, 2024
Slide 1: A uniquely positioned Australian company delivering materials for a cleaner future
For personal use only (ASX:ABX) A uniquely positioned Australian company delivering materials for a cleaner future INVESTOR PRESENTATION 23 December 2024 Page 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by ABx Group Limited ACN 139 494 885 (“ABx” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those secu
Slide 3: Company Overview
Company Overview $0.20 5 Capital Structure Volume ASX Code ABx $0.16 Share Price 4 For personal use only Shares on Issue 250.0m Share Price Volume (m) $0.12 3 Options on Issue 14.9m $0.08 2 Share Price (11 Dec 2024) $0.038 Market Capitalisation (11 Dec 2024) $9.3m $0.04 1 Cash (30 Sep 2024) $460k1 $
Slide 4: Experienced Team
For personal use only Experienced Team Joycelyn Morton Geoff Atkins Mark Cooksey Ian Levy Technical Advisor Non-Executive Chair Managing Director Non-Executive Director Over 30 years’ experience as an 25 years of project and More than 20 years with Rio 30 years of senior corporate development execut
Slide 5: Delivering materials for a cleaner future
For personal use only Delivering materials for a cleaner future Rare earths: Supplying light and Fluorine waste recycling: Bauxite: Mining & enhancing heavy rare earths from Tasmania Producing industrial chemicals bauxite resources for the cement, into Western supply chains from aluminium smelter wa
Slide 6: Investment Proposition
Investment Proposition Highest proportion of Dy+Tb of any clay-hosted resource in Australia For personal use only Simple processing without drill and blast mining, or use of acids Supply Shortage Team Experienced and capable Massive demand growth for rare earths Mineralogy and REE Distribution N
Slide 7: Massive demand growth for rare earths
Massive demand growth for rare earths Electric motors require permanent magnets containing rare earths For personal use only $6 Dysprosium demand ($billion) $5 $4 $3 $2 $1 $0 2020 Capacity 2030 High Demand Sources: US DoE, Critical Minerals Assessment, 2023; Ginger International Trade & Investment S
Slide 8: ABx Deep Leads Rare Earth Project
ABx Deep Leads Rare Earth Project • Upgrade to 89 Mt announced May 20241 • Over 10-fold increase in 12 months For personal use only Size Cut-off Mean Mean DyTb3 (ppm TREO TREO-CeO2 (%TREO) TREO-CeO2) (ppm) (ppm) 89 Mt2 350 844 652 4.3% Holes Metres drilled Metres assayed From To drilled (m) (m) (m)
Slide 9: Deep Leads mineralogy is amenable to low cost processing
Deep Leads mineralogy is amenable to low cost processing Deep Leads is one of the few ionic adsorption clay resources • Rare earths can be extracted from an ionic adsorption For personal use only clay ore in less than 30 minutes at pH 4 or above. They do not require acid Cost and Price (per kg proud
Slide 10: Deep Leads has ideal balance of light and heavy rare earths
Deep Leads has ideal balance of light and heavy rare earths • ABx rare earth product will be attractive to separation • ABx has among the highest Dy and Tb grades of any plants ionic adsorption clay deposit • ABx will be resilient to any variation in demand for light For personal use only and heavy
Slide 11: Pathway to Production: Rapid project advancement
Pathway to Production: Rapid project advancement Extensive exploration Re-analysis of Commenced exploration Maiden rare Most recent resource For personal use only for bauxite in northern previous bauxite drilling for rare earths on earths resource estimate: 89 Mt1 at Tasmania assay results existing
Slide 12: Pathway to Production: Vision for rare earths business
Pathway to Production: Vision for rare earths business Expansion For personal use only Identify additional ionic adsorption clay rare earth resources Project Production Development Construct mine and plant to Demonstrate project produce mixed rare earth feasibility carbonate Value-adding Construct p
Slide 13: Pathway to Production: Bauxite operations
Pathway to Production: Bauxite operations • ABx mined bauxite northern Tasmania from 2014 to 2020, and sold the product to cement For personal use only and fertiliser plants. Customer demand is ongoing1 • Similar bauxite resource overlays Deep Leads rare earth resource • Bauxite mining operations wi
Slide 14: Pathway to Production: Strategic and offtake partnerships
Pathway to Production: Strategic and offtake partnerships Offtake Interest • Executed MOU for offtake and potential investment with For personal use only Ucore, who is undertaking technology transfer from demonstration scale to commercial scale rare earth oxide separation in North America Strategic
Slide 15: Deep Leads is in outstanding jurisdiction and location
Deep Leads is in outstanding jurisdiction and location Commercial plantation forest area in Tasmania, Australia For personal use only Deep Leads • Deep Leads located in recently harvested commercial hardwood plantation, close to town of Launceston and Bell Bay port • Australian supply highly attract
Slide 16: Significant infrastructure locally available
Significant infrastructure locally available Infrastructure Transport Less than 20 km to major For personal use only highway Less than 100 km to deepwater Bell Bay port Labour Less than 50 km to Launceston (pop 65,000) Water High availability in Tasmania Energy Close to major transmission lines Grea
Slide 17: Investment Proposition
Investment Proposition Highest proportion of Dy+Tb of any clay-hosted resource in Australia For personal use only Simple processing without drill and blast mining, or use of acids Supply shortage Team Experienced and capable Massive demand growth for rare earths Mineralogy and REE Distribution N
Slide 18: Delivering materials for a cleaner future
For personal use only Delivering materials for a cleaner future Rare earths: Supplying light and Fluorine waste recycling: Bauxite: Mining & enhancing heavy rare earths from Tasmania Producing industrial chemicals bauxite resources for the cement, into Western supply chains from aluminium smelter wa
Slide 19: Investment Proposition
Investment Proposition Low cost hydrogen fluoride production using aluminium smelter bath waste For personal use only Will enable hydrogen fluoride production in Australia, to reduce 100% reliance on imports Strongly increasing Team Experienced and capable demand for fluorine Batteries Supply sh
Slide 20: Strongly increasing demand for fluorine
For personal use only Strongly increasing demand for fluorine Significant traditional markets Rapidly growing demand for renewable energy Fluorine chemical Applications Fluorine chemical Applications Aluminium fluoride Aluminium smelting Lithium Li-ion batteries (electrolytes) HCFC Refrigerants hexa
Slide 21: Supply shortage: limited supplies of fluorspar
Supply shortage: limited supplies of fluorspar Increasing fluorspar prices Government recognition For personal use only 600 500 Critical Minerals Lists 97% min fluorpsar price (USD/t) Source: Roskill Fluorspar USA 400 Europe Japan 300 Source: Asian Metal Canada 200 Fluorine Australia 100 0 “In 2035,
Slide 22: New fluorine source available: aluminium smelter bath waste
New fluorine source available: aluminium smelter bath waste Aluminium fluoride (AlF3) • Essential chemical for aluminium smelting Increasing surplus of aluminium smelter bath For personal use only • 1.2 million tonnes produced globally per year worth US$1.5 billion (US$1,000-1,800 per tonne) 350,000
Slide 23: Process is low risk
Process is low risk Smelter bath Low technical risk Process is adaptation of existing For personal use only commercial process to produce hydrogen fluoride from fluorspar Aluminium Exemplary demonstration smelting of circular economy HF Metal AIF3 sulfates Aluminium Hydrogen fluoride fluoride e.g. M
Slide 24: Pathway to production: Vision for fluorine recycling business
Pathway to production: Vision for fluorine recycling business For personal use only Expansion Recycle smelter waste from the global aluminium industry Demonstration Production Demonstrate chemical Construct plant to produce process for recycling hydrogen fluoride and aluminum smelter waste aluminium
Slide 25: Pathway to production: Project development
Pathway to production: Project development Commercial Commercial For personal use only Laboratory Batch Pilot Continuous Stage 1 Stage 2 300g bath 3 kg bath Pilot 200 kg/h bath 3,000 kg/h bath NSW NSW 20 kg/h bath 1,200 t/y AlF 3 20,000 t/y AlF 3 $2m (lab) $50k $2m Tasmania Tasmania $16m $80m 20
Slide 26: Investment Proposition
Investment Proposition Low cost hydrogen fluoride production using aluminium smelter bath waste For personal use only Will enable hydrogen fluoride production in Australia, to reduce 100% reliance on imports Strongly increasing Team Experienced and capable demand for fluorine Batteries Supply sh
Slide 27: ABx Group Limited
For personal use only ABx Group Limited www.abxgroup.com.au Level 4, 100 Albert Rd South Melbourne VIC 3205 Australia Phone: +61 3 9692 7222 E: investors@abxgroup.com.au Mark Cooksey Managing Director and CEO E: mcooksey@abxgroup.com.au
Slide 28: Appendix
Appendix 1 Company Project Country Stage Study Resource Proposed leaching conditions Level Mt Type Grade Cut-off grade Reference Conditions Reference For personal use only (TREO) (TREO-CeO2) (ppm) (ppm) ABx Deep Leads Australia Exploration - 89 Meas + 844 350 ABX ASX Table 1 2 May AMSUL ABX ASX 31 M
Slide 29: Appendix
Appendix 2 Company Project Country Stage Study Resource (Mt) Grade Cut-off %Pr2 %Nd2 %Tb2 %Dy2 Reference Level (TREO) grade (TREO) For personal use only Mt Type1 (ppm) (ppm) ABx Deep Australia Exploration - 89 Meas + 844 3503 4.4% 17.4% 0.62% 3.7% ABX ASX Table 1 2 May Leads Ind + Inf Announcement 2
Slide 30: Appendix
Appendix 3 Company Project Country Stage Study Resource (Mt) Grade Cut-off grade Tb4O7 Dy2O3 Reference Level (TREO) (TREO-CeO2) (ppm) (ppm) For personal use only (ppm) (ppm) Mt Type1 Brazilian Critical Ema Brazil Exploration - 1,017 Inferred 793 500 4 13 BCM ASX Table 1 22 Apr Minerals Announcement