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The latest update is out from ABx Group Limited ( (AU:ABX) ).
ABx Group Limited has received a non-refundable fee of A$300,000 from Good Importing International (GII) to extend an exclusive option to invest A$4.8 million for a 75% interest in the Taralga and Penrose Bauxite Projects in New South Wales. This strategic move strengthens ABx’s collaboration with GII, which has already invested in ABx’s Sunrise Bauxite Project in Queensland. The funds will be used for project studies, enhancing ABx’s position in the bauxite market amidst changing global dynamics, including supply disruptions in Guinea.
More about ABx Group Limited
ABx Group Limited operates in the mining industry, focusing on the exploration and development of bauxite resources. The company primarily deals with bauxite projects in Australia, including the Taralga and Penrose Bauxite Projects in New South Wales and the Sunrise Bauxite Project in Queensland. ABx Group collaborates with strategic partners to advance its mining projects and capitalize on market opportunities.
Average Trading Volume: 3,003,259
Technical Sentiment Signal: Hold
Current Market Cap: A$26.13M
Learn more about ABX stock on TipRanks’ Stock Analysis page.