ersonal use only

(ASX:ABX)

EGM Presentation

16 December 2021

ersonal use only

Forward Looking Statement

Whilst based on information from sources considered reliable, Australian Bauxite Limited t/a ABx Group (ABx), its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information in this document and presentation is complete or accurate. To the maximum extent permitted by law, ABx disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in this document and presentation.

Competent Person Statement

Information herein relating to Exploration Results, Mineral Resources and Exploration Targets is based on information compiled by Ian Levy BSc, MSc, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists. Mr Levy is employed by ABx as Chief Executive Officer. Mr Levy has more than five years experience relevant to the style of mineralisation and type of deposit being reported and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the JORC Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. This report is issued with the prior written consent of the Competent Person as to the form and context in which it appears.

The information in this report relating to Mineral Resources was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Direct Shipping Ore

In this presentation all references to direct shipping ore (DSO) refers to the company's exploration objective of defining DSO grade mineralisation. The potential quantity and grade of exploration targets is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Australian Bauxite Limited t/a ABx Group

only

Exploration

Rare earth

ABx Group (ASX:ABX) is developing

discovery

two high-technology businesses:

1. Rare Earth Elements discovery of the

use

ideal type within ABx's Tasmanian

bauxite project tenements

Technology

2. Alcore's high-priced aluminium fluoride for aluminium smelters

ersonal

and will continue enhancing the value of its

bauxite resources for cement, aluminium

Shipments

Production

and fertilisers.

Page 3

Corporate overview

only

Listed

Current Issued

Options

52 week range

shares

24 Dec 2009

182.8m

38.3m

$0.089 -

@ $0.20

@ $0.20

$0.155

use

Major Shareholders

Shares

%

Justevian Pty Limited

5.9 m

3.2

Yarraandoo Pty Ltd

5.6 m

3.1

ersonal

WSF Pty Ltd

5.2 m

2.9

Top 20 shareholders

60.5 m

33.3

Remainder

121.3 m

66.7

• Deep Leads Rare Earth discovery in Tasmania

• Alcore technology development for aluminium smelters

• 136 million tonnes bauxite resources

ASX code ABX

Average daily

Market cap

Cash

Shareholders

volume

(@ $0.125)

@ 09 Dec' 21

390,000

$22.4m

$6.3m

1,864

Page 4

Business focus & information flow

ersonal use only

Australian technology to produce aluminium fluoride AlF3

  • Australia's first producer of AlF3 which is essential for aluminium smelters. There is no substitute
  • Fully funded $1.5 million pilot plant and design 2021- 22. Aim to commence construction of commercial plant late 2022
  • Australia is the only significant aluminium producer without an AlF3 plant
  • Australia has imported all of its AlF3, mainly from China
  • AlF3 imports from China to Australasia fell by more than 60% in 2021

Announcements:

1. Progress 2. Milestones 3. Deals 4. Feasibility

Rare Earth Elements Discovery REE

  • $600,000 drilling campaign to confirm ABx's large REE province, Tasmania
  • Super magnet REEs for electric vehicles, wind turbines, phones & military
  • Water soluble REE ("ionic clay REE") can be developed cheaply, quickly and extracted at low cost
  • ABx is 1 of 3 traded stocks globally that give exposure to "ionic clay REE" which was once China's monopoly
  • Peers (eg. IXR) have market cap exceeding $100 million

Announcements:

1. Next results (1-2 wks) 2. Extensions 3. Resource 4. Deals

Page 5

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Disclaimer

Australian Bauxite Ltd. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 23:58:05 UTC.