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ABx Group Limited (AU:ABX)
ASX:ABX
Australian Market

ABx Group Limited (ABX) AI Stock Analysis

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AU:ABX

ABx Group Limited

(Sydney:ABX)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
AU$0.08
▲(11.43% Upside)
The score is primarily held back by weak financial performance—persistent losses, a steep 2024 revenue drop, and a return to free cash flow burn—despite low balance-sheet leverage. Technicals are mixed but not severely bearish, providing limited support. Valuation is difficult to assess given negative earnings and no dividend yield data.
Positive Factors
Low leverage / conservative balance sheet
A very low debt-to-equity ratio and historically zero recorded debt materially reduce solvency and interest burden risk. Over a multi-month horizon this conservatism provides financial flexibility to fund exploration or withstand execution setbacks without immediate default pressure, preserving optionality for project advancement.
Strategic exposure to rare earth elements
ABx’s asset focus on rare earths aligns with long-term structural demand from electrification, renewables, and advanced manufacturing. If the company can advance resources, this sector exposure underpins potential long-term strategic value and market relevance, independent of short-term commodity cycles.
Stage-gated exploration and development pathway
A clear pipeline of drilling, resource definition and metallurgical testing implies methodical, milestone-driven project de-risking. This stage-gated approach limits capital commitment until value is demonstrated, preserving flexibility and enabling capital allocation discipline over the coming months as results dictate next steps.
Negative Factors
Persistent unprofitability and weak margins
Consistent negative gross and net margins indicate the business is not currently generating economic returns from operations. Over 2–6 months this structural unprofitability will continue to erode equity, limit reinvestment capacity, and increase reliance on external capital unless operational economics or revenue base materially improve.
Deteriorating cash generation and free cash flow burn
The shift from positive cash generation to operating and free cash flow deficits signals mounting funding needs. Reliance on external financing to sustain exploration increases dilution and execution risk, constrains the pace of project advancement, and raises liquidity concerns if negative cash flow persists over the medium term.
Sharp and volatile revenue decline
A severe, year-over-year revenue drop and historically small, volatile top-line undermine the company’s ability to scale operations and absorb fixed exploration costs. Over several months this revenue instability heightens funding uncertainty and makes recovery planning and multi-stage project financing more difficult.

ABx Group Limited (ABX) vs. iShares MSCI Australia ETF (EWA)

ABx Group Limited Business Overview & Revenue Model

Company DescriptionABx Group Limited engages in the exploration, development, and production of bauxite resources in Australia. The company develops Rare Earth Element project for bauxite deposit in Queensland. It also develops Sunrise Project, Tasmania, and Penrose projects. The company was formerly known as Australian Bauxite Limited and changed its name to ABx Group Limited in December 2021.ABx Group Limited was incorporated in 2009 and is based in Sydney, Australia.
How the Company Makes MoneyABx Group Limited generates revenue through the extraction and sale of bauxite and other industrial minerals. The company's primary revenue stream comes from mining operations where it extracts bauxite ore from its owned and operated mining sites. Once extracted, the bauxite is processed and sold to aluminum producers and other industrial customers. Additionally, ABx Group is involved in research and development initiatives aimed at enhancing the value of its mineral resources, which may include partnerships or joint ventures with technology firms or industry stakeholders to develop innovative solutions and expand market opportunities. These collaborations can contribute to the company's earnings by opening new revenue streams or optimizing existing operations.

ABx Group Limited Financial Statement Overview

Summary
ABx Group Limited is experiencing significant financial challenges, with inconsistent revenue growth and persistent profitability issues. The balance sheet shows low leverage, but declining equity signals potential risks. Cash flow management is weak, with negative free cash flows and erratic operating cash flows. The company must address operational inefficiencies and stabilize its financial metrics to improve its financial outlook.
Income Statement
The company has experienced significant volatility in its revenue and profit metrics. Despite a recent spike in revenue, profitability remains a concern with consistent negative net income and fluctuating gross and EBIT margins. Revenue growth has been inconsistent, with a notable decline in earlier years followed by a partial recovery. The company needs to stabilize its revenue streams and improve cost management to enhance profitability.
Balance Sheet
The balance sheet shows a relatively low level of debt, which is a positive aspect. However, the company has been experiencing diminishing stockholder equity over the years, and the equity ratio has been decreasing. The Return on Equity (ROE) is negative, reflecting ongoing losses and challenges in generating returns for shareholders. The company must focus on improving asset utilization and profitability to enhance its financial stability.
Cash Flow
Cash flow management is a concern, with operating cash flow turning negative in recent periods after a positive spike. Free cash flow has been negative, indicating challenges in generating cash from operations to sustain capital expenditures. The ratio of operating cash flow to net income is not favorable, underscoring inefficiencies in cash generation relative to earnings. Improvement in cash flow generation and stability is crucial for financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.0058.00K222.00K56.00K41.00K2.26M
Gross Profit-1.40M-25.00K-1.39M-4.02M-5.13M2.28M
EBITDA-2.91M-4.53M-3.15M-4.77M-6.11M-1.84M
Net Income-2.91M-2.00M-1.64M-3.48M-5.62M-549.00K
Balance Sheet
Total Assets18.71M19.54M21.64M16.21M19.83M16.92M
Cash, Cash Equivalents and Short-Term Investments257.00K724.00K336.00K2.06M6.09M901.00K
Total Debt1.57M363.00K0.000.000.000.00
Total Liabilities8.62M8.31M8.91M3.11M3.08M1.98M
Stockholders Equity10.13M11.30M12.78M12.98M16.64M14.94M
Cash Flow
Free Cash Flow-3.39M-2.61M2.54M-4.99M-2.91M-1.84M
Operating Cash Flow-1.50M-668.00K5.04M-4.88M-2.82M-1.79M
Investing Cash Flow-440.00K1.00K-8.08M844.00K415.00K1.06M
Financing Cash Flow1.76M892.00K1.31M0.007.59M721.00K

ABx Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.07
Price Trends
50DMA
0.09
Negative
100DMA
0.08
Positive
200DMA
0.06
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
58.66
Neutral
STOCH
75.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ABX, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 75.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ABX.

ABx Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
46
Neutral
AU$16.82M-28.26%65.00%
45
Neutral
AU$28.30M-6.72-25.50%-100.00%-182.93%
45
Neutral
AU$4.70M-1.96-21.73%91.79%
43
Neutral
AU$18.58M-2.54-45.16%-563.16%
42
Neutral
AU$12.86M-3.40-213.82%-32.39%
41
Neutral
AU$5.64M-2.94-37.39%-134.48%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ABX
ABx Group Limited
0.08
0.04
116.67%
AU:ASQ
Australian Silica Quartz Group
0.02
>-0.01
-13.04%
AU:CR1
Constellation Resources Ltd.
0.16
-0.04
-20.00%
AU:NAE
New Age Exploration Limited
AU:DM1
Desert Metals Ltd.
0.01
-0.02
-66.67%
AU:CAZ
Cazaly Resources Limited
0.03
0.02
220.00%

ABx Group Limited Corporate Events

ABx Group Announces Breakthrough Rare Earth Extraction Results
Dec 17, 2025

ABx Group Limited has reported significant results from preliminary rare earth column leach tests at its Deep Leads project in northern Tasmania, with extraction rates reaching a record 81% for rare earths, including high yields of highly valuable dysprosium and terbium. The results confirm the feasibility of heap leaching as a low-cost production method, potentially strengthening ABx’s market position as a producer of enriched rare earth carbonate with comparatively higher market value, marking a key step towards their goal of commencing commercial production.

ABx Group Expands Rare Earths Tenure in Tasmania
Dec 12, 2025

ABx Group Limited has been granted a new exploration license in northern Tasmania, expanding its rare earth elements tenure by 18 km². This strategic move enhances ABx’s potential to grow its globally significant ionic rare earth project, which boasts high levels of valuable heavy rare earths. The company has also produced its first mixed rare earth carbonate product, which is priced significantly higher than peers due to its high content of dysprosium and terbium. This development positions ABx favorably in the market, with ongoing discussions with potential customers.

ABx Group Secures Strategic Investment for NSW Bauxite Projects
Dec 8, 2025

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.

ABx Group Unveils High-Value Rare Earth Carbonate Sample
Dec 3, 2025

ABx Group Limited has announced the production of its first mixed rare earth carbonate (MREC) sample from its Deep Leads resource in Tasmania, which contains high proportions of valuable heavy rare earths like dysprosium and terbium. This positions ABx’s MREC with a basket price significantly higher than its peers, potentially enhancing its competitive edge in the market. The company will discuss this development in an investor webinar, providing stakeholders an opportunity to engage directly with management.

ABx Group Issues Over 63 Million Shares in New Placement
Dec 2, 2025

ABx Group Limited has issued 63,276,131 Fully Paid Ordinary Shares as part of a placement announced on November 25, 2025. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act, indicating transparency and adherence to regulatory requirements.

ABx Group Achieves Milestone with High-Value Rare Earth Carbonate Production
Dec 2, 2025

ABx Group Limited has announced a significant milestone with the production of its first mixed rare earth carbonate (MREC) from the Deep Leads deposit in northern Tasmania. This MREC boasts a high content of dysprosium and terbium, making it more valuable than its peers, with a basket price up to 51% higher. The achievement positions ABx favorably in the market, as there is a high demand for MRECs with high Dy and Tb content due to supply risks. This development enhances ABx’s strategic importance in the rare earth industry, offering a compelling opportunity for prospective customers seeking high-quality, low-impurity products.

ABx Group Updates Securities Issuance Plan
Dec 1, 2025

ABx Group Limited has announced an update regarding its proposed issue of securities, specifically moving some of the Tranche 1 issue to Tranche 2, pending shareholder approval. The overall amount of the capital raising remains unchanged, indicating a strategic adjustment in their financial operations without altering the total funds aimed to be raised.

ABx Group Secures Funding for Hydrogen Fluoride Pilot Plant
Nov 28, 2025

ABx Group Limited’s subsidiary, ALCORE Limited, has secured full funding for its hydrogen fluoride pilot plant, with operations expected to begin in Q3 2026. This development marks a significant step in demonstrating their proprietary process and expanding into the production of fluorochemicals, potentially enhancing their industry positioning and stakeholder value.

ABx Group’s Strategic Push for a Cleaner Future
Nov 25, 2025

ABx Group Limited has released an investor presentation outlining its commitment to providing materials for a cleaner future. The presentation emphasizes the company’s strategic focus on sustainability and its efforts to position itself as a key player in the environmentally-conscious mining sector.

ABx Group Limited Announces Proposed Securities Issue
Nov 25, 2025

ABx Group Limited has announced a proposed issue of securities, specifically options expiring on November 14, 2027, with a maximum of 11,245,638 securities to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for January 23, 2026. The announcement indicates a strategic step for ABx Group Limited, potentially impacting its market operations and stakeholder interests by expanding its financial instruments available for trading.

ABx Group Limited Announces Proposed Securities Issue
Nov 25, 2025

ABx Group Limited has announced a proposed issue of securities, including 37,345,679 options expiring on November 14, 2027, and 74,691,358 fully paid ordinary shares. This move is part of a placement or other type of issue, with the proposed issue date set for December 2, 2025. This announcement could potentially impact ABx Group’s market position by increasing its capital base, which may be used for future growth opportunities or operational needs.

ABx Group Secures $6 Million for Rare Earths and ALCORE Projects
Nov 25, 2025

ABx Group Limited has successfully raised approximately $6 million through a share placement to sophisticated and professional investors. The funds will be used to advance the Deep Leads rare earth project in Tasmania and to construct the ALCORE pilot plant for hydrogen fluoride production. This strategic move, supported by both Australian and international investors, aims to accelerate the company’s growth and strengthen its position in the rare earths and fluorine chemical markets. The placement reflects strong investor confidence and is expected to facilitate strategic partnerships and near-term production.

ABx Group Initiates Trading Halt for Capital Raising Announcement
Nov 20, 2025

ABx Group Limited, listed on the Australian Securities Exchange under the ticker ABX, has requested a trading halt on its securities pending an important announcement related to a capital raising initiative. The halt is intended to manage the company’s continuous disclosure obligations and will remain in effect until the announcement is made or until normal trading resumes on November 25, 2025. This move indicates a strategic financial maneuver by ABx Group, potentially impacting its market positioning and stakeholder interests.

ABx Group Limited Updates Director’s Interest
Nov 17, 2025

ABx Group Limited announced a change in the director’s interest, specifically for Ian Levy, involving the acquisition of 781,250 fully paid ordinary shares and 781,250 options. This change was approved during the Extraordinary General Meeting held on November 13, 2025, and reflects the company’s ongoing efforts to align management interests with shareholder value.

ABx Group Issues Unquoted Securities as Part of Strategic Transaction
Nov 17, 2025

ABx Group Limited has announced the issuance of 7,812,500 unquoted securities in the form of 2-year options exercisable at 10 cents each. This move is part of a previously announced transaction, and these securities are not intended to be quoted on the ASX, indicating a strategic financial maneuver to potentially raise capital or incentivize stakeholders.

ABx Group Limited Issues Unquoted Securities
Nov 17, 2025

ABx Group Limited has announced the issuance of 46,875,000 unquoted securities in the form of 2-year options exercisable at 10 cents each. This move is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

ABx Group Issues Shares to Directors Post-Shareholder Approval
Nov 17, 2025

ABx Group Limited has issued 1,562,500 Fully Paid Ordinary Shares to its Directors following shareholder approval at an Extraordinary General Meeting. This issuance is part of a previously announced Share Placement and was conducted without disclosure under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that needs to be disclosed.

ABx Group Limited Announces Quotation of New Securities
Nov 17, 2025

ABx Group Limited has announced the quotation of 1,562,500 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 17, 2025. This move is part of previously announced transactions and could potentially enhance the company’s market presence and liquidity, benefiting stakeholders by providing more opportunities for investment.

ABx Group Secures Shareholder Approval for Key Resolutions
Nov 13, 2025

ABx Group Limited, an Australian company listed on the ASX, announced the results of its 2025 Extraordinary General Meeting. All resolutions, including the ratification of prior share issues and the approval of issuing free attaching options under the September 2025 Placement, were carried with significant majority votes. This outcome reflects strong shareholder support for the company’s strategic initiatives, potentially enhancing its market position and operational capabilities.

ABx Group Expands High-Grade Rare Earth Drilling in Tasmania
Nov 11, 2025

ABx Group Limited has commenced drilling to expand its high-grade T8 rare earth elements mineralisation in Tasmania, following government and landholder approvals. The discovery of high-grade dysprosium and terbium, critical for modern technologies, positions ABx strategically amid China’s export restrictions on these elements, and the company is exploring low-cost, low-impact development methods.

ABx Group Achieves High-Purity Rare Earth Results in Tasmania
Nov 6, 2025

ABx Group Limited has announced successful results from its Deep Leads ionic adsorption clay rare earth project in Tasmania, confirming the high purity of its mixed rare earth carbonate (MREC) product. The tests showed over 98% retention of rare earth elements with near-complete removal of impurities, particularly aluminium, which enhances the product’s appeal to potential customers. The company plans to deliver its first MREC product sample by the end of November, which is expected to attract strong interest from potential customers due to its high dysprosium and terbium content, low impurities, and cost-effective production process.

ABx Group Advances Rare Earths and Chemical Production Initiatives
Oct 31, 2025

ABx Group Limited has reported significant progress in its heavy rare earths and clean fluorine chemical production initiatives. The company achieved high extraction rates of dysprosium and terbium under benign leach conditions, with ANSTO on track to deliver a mixed rare earth carbonate product sample by Q4 2025. Additionally, ABx secured a $3 million placement to advance its Deep Leads project and support working capital needs. The company is also advancing its bauxite projects with new investment agreements and exploration leases, positioning itself strongly in the market for rare earths and industrial chemicals.

ABx Group Advances in Sustainable Fluorine Chemical Production
Oct 23, 2025

ABx Group Limited is focusing on clean fluorine chemical production by utilizing by-products from aluminium smelting. This initiative is a part of their participation in the Fluorine Forum 2025 held in Baveno, Italy, which highlights their commitment to sustainable industrial chemical production. The announcement underscores ABx’s strategic move towards innovative and environmentally friendly production processes, potentially enhancing its market position and offering new opportunities for stakeholders in the industrial chemicals sector.

ABx Group to Expand High-Grade Rare Earths Drilling in Tasmania
Oct 22, 2025

ABx Group Limited has announced the commencement of a new drilling campaign at its T8 Rare Earths discovery in Tasmania, set to begin on November 10. This initiative aims to expand the high-grade rare earth elements mineralization discovered earlier, particularly focusing on dysprosium and terbium, which are in high demand due to their critical role in various technologies. The company’s strategic position is bolstered by China’s restrictions on rare earth exports, highlighting ABx’s potential as a significant player in the global market. The drilling program is designed to be low-cost and low-impact, ensuring minimal disruption to the grazing land where these resources are located.

ABx Group Strengthens Financial Position with R&D Tax Rebates
Oct 20, 2025

ABx Group Limited has received a Research and Development tax offset of approximately $480,000 from the Australian Tax Office for its rare earth activities in the 2024 financial year, primarily related to its Deep Leads project in Tasmania. This, along with a similar rebate for its subsidiary ALCORE, totals over $770,000, strengthening the company’s balance sheet and supporting further investment in its rare earths and ALCORE projects. This financial support positions ABx to accelerate development and advance its rare earths and clean fluorine chemical strategies, enhancing its industry positioning and potential impact on stakeholders.

ABx Group Advances ALCORE Pilot Plant Project in Tasmania
Oct 15, 2025

ABx Group Limited’s subsidiary, ALCORE Limited, is advancing its pilot plant project at the ALCORE Technology Centre in Bell Bay, Tasmania. The project aims to demonstrate a proprietary process for producing industrial chemicals from aluminium smelting by-products. Key infrastructure preparations are underway, including equipment foundations and utility installations, with major equipment packages expected to be delivered in early 2026. This progress marks a significant milestone in the company’s efforts to implement this world-first technology, potentially enhancing its industry positioning and offering new opportunities for stakeholders.

ABx Group Achieves High Purity in Rare Earth Extraction Tests
Oct 13, 2025

ABx Group Limited has announced successful results from impurity removal tests on a bulk sample from their Deep Leads rare earth project in Tasmania. The tests, conducted by ANSTO, demonstrated that over 98% of rare earths were retained while achieving complete removal of key impurities like aluminum. This indicates favorable process economics and positions ABx Group as a strong contender in the rare earth market, with significant interest from potential customers due to the high content of critical rare earths like dysprosium and terbium.

ABx Group Issues New Shares Post Convertible Notes Conversion
Oct 10, 2025

ABx Group Limited announced the issuance of 815,513 Fully Paid Ordinary Shares following the conversion of Convertible Notes, as per the Corporations Act 2001. This move reflects the company’s compliance with relevant legal provisions, indicating a strategic financial maneuver to potentially enhance its market position.

ABx Group Limited Announces Quotation of New Securities
Oct 10, 2025

ABx Group Limited has announced the quotation of 815,513 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 10, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.

ABx Group Limited Announces Virtual Extraordinary General Meeting
Oct 9, 2025

ABx Group Limited has announced an Extraordinary General Meeting (EGM) to be held virtually via Zoom on November 13, 2025. The meeting will allow shareholders to participate and vote in real-time, with an emphasis on electronic communication for distributing meeting materials. This approach reflects a modernized engagement strategy with stakeholders, ensuring accessibility and convenience while maintaining compliance with corporate regulations.

ABx Group Secures $2.7 Million Investment for Sunrise Bauxite Project
Oct 9, 2025

ABx Group Limited announced that its subsidiary, ABx3, has received a $2.7 million investment from Good Importing International (GII) to advance the Sunrise Bauxite Project in Queensland. This funding will be used to secure regulatory approvals, finalize mine planning, and design port infrastructure for the extraction of at least 800,000 tonnes of bauxite. The partnership with GII is expected to enhance ABx’s operational capabilities and market positioning, with further investments contingent on the successful completion of Stage 1.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 08, 2026