ABx advances Sunrise bauxite project with $2.7M investment from GII

ABx Group is progressing development of its Sunrise bauxite project in southern Queensland following a strategic investment from Good Importing International (GII). The company said GII’s initial USD 2.7 million investment is being used to advance mine planning and secure key environmental and port approvals required for the project’s proposed direct shipping ore (DSO) operation.

According to ABx, the approvals process remains on track, with advice from the Department of the Environment, Tourism, Science and Innovation indicating completion is expected in 2027, a milestone considered critical to bringing the project into production. 

In September 2025, ABx entered into a series of agreements with GII under which the investor can commit up to USD 5.4 million in two stages to acquire as much as a 75 per cent interest in the ABx subsidiary that owns the Sunrise project assets. GII also secured an exclusive option to invest a further USD 4.8 million for a 75 per cent stake in the subsidiary holding the Taralga and Penrose bauxite assets in New South Wales.

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The Sunrise project includes the Binjour deposit, which hosts a JORC-compliant resource of 37 million tonnes of gibbsite-type metallurgical bauxite, along with associated port operations at Bundaberg. GII has now completed the first stage of its investment, contributing USD 2.7 million to acquire a 70 per cent interest in the project subsidiary.

“It is very pleasing that our partnership with GII is accelerating the development of our bauxite projects in Queensland and New South Wales.The market fundamentals for bauxite are very strong, and we intend to capitalise on it”, ABx group managing director and chief executive officer Mark Cooksey said.