Abx Group Limited · ASX:ABX
Abx — PDAC Convention 2026
15 slides from Abx's conference presentation, Mar 3, 2026
Slide 1: Heavy Rare Earths: Supplying light and heavy rare earths from Tasmania
For personal use only ASX:ABX Heavy Rare Earths: Supplying light and heavy rare earths from Tasmania into Western supply chains PDAC Convention Metro Toronto Convention Centre, Canada Monday, 2 March 2026
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 For personal use only purchase any securities in the Company or as an inducement to make an offer or invitation with
Slide 3: Investment Proposition
INVESTMENT PROPOSITION Highest proportion of For personal use only Team Supply Shortage dysprosium and terbium Experienced and capable Massive demand growth for rare earths of any clay-hosted resource in Australia Mineralogy & REE Pathway to Production Distribution Co-located bauxite project at No
Slide 4: Deep Leads Rare Earth Project
DEEP LEADS RARE EARTH PROJECT Upgraded to 89 Mt announced May 20241 For personal use only Over 10-fold increase in 12 months Resource based on only 29% of identified mineralised outline1 May 2025: Temple Bar discovery, 50 km east of Deep Leads2 Size Cut-off Mean Mean DyTb4 (ppm TREO TREO-CeO
Slide 5: Mixed Rare Earth Carbonate (MREC) Production
MIXED RARE EARTH CARBONATE (MREC) PRODUCTION MREC can be produced from ionic adsorption clay ore using existing commercial 3-step process For personal use only 1. Leaching 2. Impurity Removal Ionic Adsorption 3. Precipitation Mixed Rare Earth Clay (IAC) Ore Carbonate (MREC) 2. Processing Cost 1.Reso
Slide 6: MREC from Deep Leads: Higher Proportion of Heavy Rare Earths
MIXED RARE EARTH CARBONATE (MREC) FROM DEEP LEADS: HIGHER PROPORTION OF HEAVY RARE EARTHS 100% 90% For personal use only Other 80% HREO Compared to peers, 70% Consider adding labels ABx MREC has:1 Percentage of TREO to columns • 2.8 to 4.7 times the 60% proportion of Dy+Tb DyTb • 1.4 to 2.5 times th
Slide 7: MREC from Deep Leads: Higher Basket Price
MIXED RARE EARTH CARBONATE (MREC) FROM DEEP LEADS: HIGHER BASKET PRICE $50 For personal use only $45 $40 $35 DyTb, $14.16 ABx MREC basket Basket Price (USD/kg) DyTb, $4.28 DyTb, $5.48 price is 17% to $30 Other REO , $2.13 Other REO , $3.10 51% higher than DyTb, $3.38 $25 Other REO , $7.44 Other REO
Slide 8: Pathway to Production: Rapid Project Advancement
PATHWAY TO PRODUCTION: RAPID PROJECT ADVANCEMENT For personal use only New rare earths Re-analysis of Commenced exploration Most recent resource province EL25/2022 Extensive exploration for previous bauxite drilling for rare earths on Maiden rare earths estimate: 89 Mt1 at discovered in exploration
Slide 9: Permitting
PERMITTING Mining ABx mined bauxite in northern Tasmania from 2014 to 2020, and (2016) sold the product to cement and fertiliser plants. Customer For personal use only demand is ongoing1 Similar bauxite resource overlays Deep Leads rare earth resource Bauxite mining operations will expose rare
Slide 10: Deep Leads: Outstanding Jurisdiction and Location
DEEP LEADS: OUTSTANDING JURISDICTION AND LOCATION Commercial plantation forest area in Tasmania, Australia For personal use only Deep Leads Deep Leads located in =commercial hardwood plantation, close to town of Launceston and Bell Bay port Australian supply highly attractive to global customers
Slide 11: Significant Infrastructure Locally Available
SIGNIFICANT INFRASTRUCTURE LOCALLY AVAILABLE Infrastructure For personal use only Transport Less than 20 km to major 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 12: Pathway to Production: Strategic & Offtake Partnerships
PATHWAY TO PRODUCTION: STRATEGIC & OFFTAKE PARTNERSHIPS Offtake Interest Executed MOU1 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, with finan
Slide 13: Anticipated Project Milestones
ANTICIPATED PROJECT MILESTONES 2026 2027 2028 Project Activities For personal use only Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource Drilling Metallurgical Studies Engineering Studies Environmental Approvals Demonstration Project Commercial Project 13 ASX:ABX
Slide 14: Investment Proposition
INVESTMENT PROPOSITION Highest proportion of For personal use only Team Supply Shortage dysprosium and terbium Experienced and capable Massive demand growth for rare earths of any clay-hosted resource in Australia Mineralogy & REE Pathway to Production Distribution Co-located bauxite project at No
Slide 15: For personal use only
ASX:ABX For personal use only www.abxgroup.com.au Suite 2, Level 11, 385 Bourke St Melbourne VIC 3000 Australia Phone: +61 3 9692 7222 E: investors@abxgroup.com.au Mark Cooksey Managing Director and CEO E: mcooksey@abxgroup.com.au 15