Abx Group Limited · ASX:ABX
Abx — Shareholder Meeting (May 2024)
27 slides from Abx's shareholder meeting presentation, May 29, 2024
Slide 1: AGM – Managing Director/CEO Presentation
ASX Announcement 29 May 2024 ASX: ABX AGM – Managing Director/CEO Presentation ABx Group (ASX: ABX) (“ABx” or “the Company”) will be holding its Annual General Meeting on Wednesday, 29 May 2024 at 11.00am (AEST). The Managing Director / CEO presentation for the Annual General Meeting is attached. Th
Slide 2: Delivering Materials for a Cleaner Future
For personal use only (ASX:ABX) Delivering Materials for a Cleaner Future Annual General Meeting Page 1 29 May 2024
Slide 3: 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 4: Delivering materials for a cleaner future
For personal use only Delivering materials for a cleaner future • Creation of an ionic adsorption clay rare earth Exploration Development Technology project in northern Tasmania • Establishment of a plant to produce hydrogen fluoride and aluminium fluoride from recycled industrial waste, to replace
Slide 5: Board of Directors
Board of Directors Hon Paul Lennon AO (Chair) Dr Mark Cooksey (Managing Director and CEO) For personal use only • Premier of Tasmania 2004-2008 • More than 20 years with Rio Tinto and CSIRO • Deputy Premier and Minister for • Worked closely with aluminium and other metal Infrastructure, Energy & Res
Slide 6: Segments
Segments Rare earth discoveries in northern Tasmania For personal use only ALCORE Aluminium fluoride production technology Bauxite operations in Queensland and Tasmania ASX: ABX Page 5 5
Slide 7: Permanent magnet rare earths
Permanent magnet rare earths • Essential for electric vehicles and wind turbines Super For personal use only • Represent over 90% of value of rare earths consumption Magnets • Forecast to grow at 7% per year to 2040 %market %market volume value 9% Nd Pr e.g. catalysts, glass Neodymium Praseodymium p
Slide 8: Ionic adsorption clay (IAC) rare earth deposits
Ionic adsorption clay (IAC) rare earth deposits • Contain much higher proportion of higher value, heavy rare earths For personal use only • Historically only mined in southern China Terbium + Other Heavy Dysprosium REO ABx has the highest proportion of Dy+Tb of any clay-hosted Praseodymium Praseodym
Slide 9: Requirements for an ionic clay rare earth project
Requirements for an ionic clay rare earth project For personal use only Mineral Resource Jurisdiction • Size • Regulatory approval • Grade • Community support • Mineralogy • Government support • Strip ratio • Supply chain security Infrastructure Company Resources • Transport • People • Water • Partn
Slide 10: ABx rare earth discoveries in Tasmania
ABx rare earth discoveries in Tasmania For personal use only ABx is first company to discover rare earths in Tasmania • Four discoveries spanning 100 km2 (1) • Newly granted tenements add over 450 km2 (2) Highest proportion of DyTb of any clay- hosted resource in Australia3 Highest ionic component r
Slide 11: Rare Earths Resource Estimate
Rare Earths Resource Estimate • Upgrade to 89 Mt announced May 20241 For personal use only • Over 10-fold increase in 12 months Application area. This will be reduced Wind Break to easily accessible areas only. Size Cut-off (ppm Mean TREO Mean TREO- DyTb3 Leech Scrub TREO-CeO2) (ppm) CeO2 (ppm) (%TR
Slide 12: Not all clays are created equal
Not all clays are created equal Ionic proportion is king For personal use only Cost and Price (per kg proudct) • Chart shows illustrative relationship between ionic Product price proportion and operating cost • For low ionic proportion, reagent costs alone can be higher than Operafing cost product p
Slide 13: Infrastructure
Infrastructure Transport For personal use only • <20 km to major highway • <100 km to deepwater Bell Bay port Labour • <50 km to Launceston (pop 65,000) Water • High availability in Tasmania Energy • Close to major transmission lines Source: ABX ASX Announcement, 22 January 2024 ASX: ABX 12
Slide 14: Jurisdiction
Jurisdiction Westbury Australia For personal use only • NATO partner • Major mining jurisdiction Tasmania • Extensive mining history: tin, copper, zinc, lead, gold • Supportive regulatory environment Westbury region • Mostly commercial forest plantations ASX: ABX 13
Slide 15: Resources and People
Ian Levy (geology) Resources • 30 years of senior management and geological experience People • with multiple commodities, including at WMC Previously CEO of Allegiance Mining and Director of Gloucester Coal For personal use only • Member of JORC for 11 years (4 years as Vice Chairman) • High calibr
Slide 16: ABx ticks all the boxes for an ionic clay rare earth project
ABx ticks all the boxes for an ionic clay rare earth project For personal use only Highest proportion of DyTb of any clay-hosted resource in Australia Highest ionic proportion reported in Australia, comparable to operations in China Mineral Resource Jurisdiction Infrastructure Company Resource
Slide 17: ABx rare earths strategy
ABx rare earths strategy Strategy For personal use only • Rapidly develop low-cost production of mixed rare earth carbonate (MREC) • Sell MREC to third party refinery • We operate only where welcomed Plan • Laboratory and pilot plant studies • Estimate CAPEX and OPEX • Customer engagement • Explorat
Slide 18: Segments
Segments Rare earth discoveries in northern Tasmania For personal use only ALCORE Aluminium fluoride production technology Bauxite operations in Queensland and Tasmania ASX: ABX Page 17 17
Slide 19: Fluorine value chain
Fluorine value chain For personal use only Hydrogen Aluminium Fluorite Fluorspar fluoride fluoride Steelmaking Electronic manufacture Aluminium production Graphite purification Fluorochemicals Material Australian production (t) Fluorite 0 Fluorspar 0 • Fluorine added to Australia’s Critical Minerals
Slide 20: Aluminium fluoride from aluminium smelter waste
Aluminium fluoride from aluminium smelter waste Aluminium fluoride (AlF3): essential for aluminium smelting • Traditionally produced from high- For personal use only • 1.2 million tonnes produced globally per year worth US$1.5 cost fluorspar and alumina billion (US$1,000-1,800 per tonne) trihydrate
Slide 21: Process to produce aluminium fluoride
Process to produce aluminium fluoride For personal use only Exemplary illustration of circular economy • ABx’s 83%-owned refining technology subsidiary • Developed processes to produce aluminium fluoride using fluorine from tapped bath (an aluminium smelter waste)1 1ABX ASX Announcement, 7 June 2022
Slide 22: Process economics
Process economics A rare opportunity that is financially, strategically and environmentally attractive For personal use only Estimated Estimated operating Estimated AlF3 price FX rate AlF3 price Scenario operating cost margin* EBITDA* (US$/t) USD:AUD (A$/t) (A$/t AlF3) (A$/t AlF3) (A$m) Baseline $1,
Slide 23: ALCORE Team
Dr Mark Cooksey (Managing Director) Team • More than 20 years with Rio Tinto (aluminium smelting) and CSIRO • Significant experience in developing and commercialising new processes in minerals and metals industry For personal use only • PhD in Chemical & Materials Engineering • High calibre chemical
Slide 24: Technical progress
Technical progress • Critical processing steps have been For personal use only demonstrated in laboratory1 • Bath pilot batch reactor commissioned in late 20232. Fluorine recovery:3 • Single stage: 80% • Two stages: 88% • For continuous pilot plant, technical requirements for oleum production module
Slide 25: Process scale-up
Process scale-up • Rigorous scale-up to reduce technical risk For personal use only • First aluminium fluoride plant planned for Bell Bay, Tasmania, near existing hydro-powered aluminium smelter. Planned production 20,000 t/y • High potential for plants in other major aluminium smelting regions • Po
Slide 26: Technical plan
Technical plan For personal use only Reactor Purpose Status • Confirm preferred reactor design • Demonstrate that can achieve high Commissioned Bath pilot fluorine yield from bath Oct 2023 batch reactor • Produce metal sulfate residue suitable for further process Positive results development • Demon
Slide 27: ABx Group Limited contact details
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: corporate@abxgroup.com.au Mark Cooksey Managing Director and CEO E: mcooksey@abxgroup.com.au