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ABx Group Limited
(Sydney:ABX)
ABx Group Limited (ABX) vs. S&P 500 (SPY)
ABx Group Limited Business Overview & Revenue Model
ABx Group Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 58.00K | 222.00K | 56.00K | 41.00K | 2.26M | Gross Profit |
| -25.00K | -1.39M | -4.02M | -5.13M | 2.28M | EBIT |
| -4.61M | -3.15M | -5.31M | -6.38M | -2.22M | EBITDA |
| -4.53M | -3.15M | -4.77M | -6.11M | -1.84M | Net Income Common Stockholders |
| -2.00M | -1.64M | -3.48M | -5.62M | -549.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 724.00K | 336.00K | 2.06M | 6.09M | 901.00K | Total Assets |
| 19.54M | 21.64M | 16.21M | 19.83M | 16.92M | Total Debt |
| 363.00K | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -361.00K | -336.00K | -2.06M | -6.09M | -901.00K | Total Liabilities |
| 8.31M | 8.91M | 3.11M | 3.08M | 1.98M | Stockholders Equity |
| 11.30M | 12.78M | 12.98M | 16.64M | 14.94M |
| Cash Flow | Free Cash Flow | |||
| -2.61M | 2.54M | -4.99M | -2.91M | -1.84M | Operating Cash Flow |
| -668.00K | 5.04M | -4.88M | -2.82M | -1.79M | Investing Cash Flow |
| 1.00K | -8.08M | 844.00K | 415.00K | 1.06M | Financing Cash Flow |
| 892.00K | 1.31M | 0.00 | 7.59M | 721.00K |
ABx Group Limited Technical Analysis
ABx Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $166.43B | 11.12 | 21.04% | 7.35% | -0.10% | 15.50% | |
74 Outperform | AU$201.56B | 11.50 | 26.20% | 4.96% | -2.47% | 57.01% | |
73 Outperform | $1.76B | 7.67 | 10.39% | 1.99% | -9.35% | -32.77% | |
72 Outperform | $10.51B | 19.26 | 5.09% | 2.73% | -5.64% | -33.77% | |
68 Neutral | AU$33.03B | 16.74 | 20.24% | 5.37% | -1.42% | 25.16% | |
50 Neutral | $1.98B | -1.12 | -21.33% | 3.61% | 1.68% | -30.56% | |
43 Neutral | AU$11.29M | ― | -16.63% | ― | -73.87% | -11.11% |
ABx Group Limited Corporate Events
ABx Group Limited has discovered a new rare earth province in northern Tasmania, enriched with high levels of terbium and dysprosium, which are critical for military technologies and renewable energy applications. This discovery aligns with recent global trade shifts, as the USA incentivizes domestic processing of critical minerals and China imposes export restrictions, positioning ABx to potentially diversify the global supply chain for these elements.
ABx Group Limited has highlighted its strategic positioning in the rare earths market amidst global trade policy changes, with its Tasmanian resource poised to meet Western supply chain needs. The company has developed remote sensing technology to enhance exploration and identified promising drilling targets. In fluorine waste recycling, ABx is advancing its continuous pilot plant, with equipment orders placed and environmental guidelines received. The bauxite segment sees ongoing discussions for supply from the Sunrise Bauxite Project and progress in the DL130 Bauxite Project in Tasmania. The company also secured additional funding through convertible notes.
ABx Group Limited has announced its Annual General Meeting (AGM) will be held virtually on May 26, 2025, at 12:00 PM AEST via a Zoom webinar. The company encourages shareholders to submit proxies early and provides opportunities for real-time voting and participation. Shareholders can register in advance and will receive a confirmation email with details on joining the meeting. The company emphasizes the importance of lodging a direct proxy and will address questions submitted prior to the meeting.
ABx Group Limited has announced the issuance of 639,657 Fully Paid Ordinary Shares following the conversion of Convertible Notes. This move, conducted without disclosure under Part 6D.2 of the Corporations Act 2001, signifies the company’s compliance with relevant legal provisions and reflects its ongoing operational strategies.
ABx Group Limited is poised to capitalize on recent global developments in the rare earth supply chain, particularly following China’s imposition of export controls on key heavy rare earth elements. With its Deep Leads project in Tasmania, which boasts high levels of critical rare earth elements like dysprosium and terbium, ABx is well-positioned to provide alternative supply sources. The company’s ongoing exploration activities in northern Tasmania and its strong ties with potential US customers underscore its strategic advantage in the market.
ABx Group Limited has announced the issuance of 639,657 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) as of April 22, 2025. This move is part of the company’s strategy to enhance its capital structure and support its ongoing projects, potentially strengthening its market position and offering new opportunities for stakeholders.
ABx Group Limited has announced significant progress in its ALCORE project, with all key equipment for the Bell Bay pilot plant ordered and expected to be delivered by late 2025. The project, supported by a $7.5 million grant from the Federal Government’s Modern Manufacturing Initiative, aims to establish a pilot plant adjacent to the Bell Bay aluminium smelter in Tasmania. This facility will demonstrate a world-first process to produce industrial chemicals from aluminium smelting waste, contributing to a circular economy. The company has engaged experienced engineering consultants and is progressing with regulatory approvals, with support from the Tasmanian Government and Rio Tinto.
ABx Group Limited has announced the issuance of unquoted equity securities, including 45,000 convertible notes and 540,000 three-year options at eight cents each. This move is part of previously announced transactions and is not intended for quotation on the ASX, indicating strategic financial maneuvers that could impact the company’s capital structure and investor relations.
ABx Group Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, detailing their governance practices and any deviations from the guidelines. This announcement underscores ABx Group’s commitment to transparency and accountability in its corporate governance, which is crucial for maintaining investor confidence and ensuring compliance with regulatory standards.
ABx Group Limited has released its annual report for the year ending December 31, 2024. The report includes various financial statements and declarations, highlighting the company’s financial performance and operational reviews. This release provides stakeholders with a comprehensive overview of the company’s financial health and strategic direction.
ABx Group Limited is capitalizing on the recent surge in global bauxite prices, driven by supply disruptions in Guinea and reduced production in China, by advancing its Australian bauxite projects. The company is actively exploring monetization options for its assets, including potential production commencement in 2025, and is engaged in discussions with various parties for offtake agreements and direct investments. The strategic focus on its Binjour and Taralga projects, along with a supply agreement with Adelaide Brighton Cement Limited for its Tasmanian resources, positions ABx to enhance shareholder value amid a transitioning bauxite market.
ABx Group Limited has announced an amendment to its Extraordinary General Meeting originally scheduled for February 26, 2025, now postponed to March 7, 2025, to allow shareholders additional time to review supplementary information. This change also extends the deadline for proxy submissions. The company has withdrawn certain resolutions related to the issuance of Interest Shares due to a declined waiver from the ASX but has reached an agreement with Noteholders to meet interest obligations in cash, with potential for capitalisation, subject to shareholder approval.
ABx Group Limited announced the withdrawal of five resolutions from its upcoming Extraordinary General Meeting due to the ASX’s refusal to grant a waiver from specific listing rules concerning interest payments for Convertible Notes. Despite these withdrawals, the proxy forms and votes for the remaining resolutions remain unaffected. This decision reflects ABx’s compliance with ASX regulations, ensuring that the meeting proceeds smoothly with the adjusted agenda.
ABx Group Limited and Core Refining have mutually agreed to terminate a licensing agreement related to Core Refining’s intellectual property, which was initially intended for the ALCORE project. The termination aligns with ABx’s strategic shift to utilize aluminium smelter bath waste for producing hydrogen fluoride and aluminium fluoride, offering cost and environmental advantages. This move simplifies ABx’s operations as it progresses towards the construction of a continuous pilot plant in Bell Bay, Tasmania, marking a significant step in scaling up to commercial production.