Australia's ABx Group rises on securing investments for bauxite projects

ABx

12/09/2025 01:50

** Shares of ABx Group ABX.AX rise as much as 8.6% to A$0.076, their largest intraday pct gain since September 4

** The material-focused technology firm says it has executed agreements with private entity Good Importing International (GII) to develop its bauxite projects

** Says GII to invest up to A$5.4 million ($3.60 million) to secure up to 75% interest in co's Sunrise project in Queensland

** Adds GII to have nine-month exclusive option to invest A$4.8 million to acquire 75% interest in co's Taralga and Penrose projects in New South Wales

** Stock up 82.9% YTD, including the day's moves

($1 = 1.5017 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))