Quarterly Activities Report to 31 December 2022

We are pleased to advise our Quarterly Activities Report to 31 December 2022 has been released.

In line with ASM’s strategic business priorities, key activities for the Quarter included:

  • Strengthened balance sheet by $41.1 million via successful Capital Raise, to position the Company to undertake priority activities in 2023;
  • Completed the neodymium praseodymium metal commissioning and materially progressed the NdFeB alloy commissioning at the Korean Metals Plant; and
  • Negotiated with HEC for a variation to the Dubbo Project EPC Definition contract.  This was finalised after the end of the Quarter and the Notice to Proceed for Stage 1 was issued to allow work to commence.
ASM