ASM continues to build relationship with Vietnam Rare Earth Company (VTRE)

ASM continues to build on our relationship with the Vietnam Rare Earth Company (VTRE), after signing a non-binding business agreement with the company in December 2022.  The agreement, which also included Korea’s Chungcheongbuk Province, was for all parties to co-operate to build a global rare earths supply chain.

In March 2023, representatives from ASM visited VTRE in Vietnam to undertake further on site and product due diligence.  As part of this visit, we were delighted to have the Australian Ambassador to Vietnam Andrew Goledzinowski, and the Chair of the local people’s party join us.

Following our visit to Vietnam, VTRE’s Chief Executive Officer and other representatives joined us at our Korean Metals Plants for a site visit and ongoing discussion for the supply of KMP feedstock.


ASM Board appoints Ms Rowena Smith as Managing Director

We are pleased to advise that CEO Ms Rowena Smith has been appointed as Managing Director by the ASM Board, to take effect 6 March 2023.

Mr Ian Gandel, Chair of ASM, said this was a natural progression following Ms Smith’s appointment as CEO in July 2022.

“Since Rowena became CEO last year, she has led the Company through a successful Capital Raising, the commencement of the EPC Definition work for the Dubbo Project and the first sale and delivery of product from the Korean Metals Plant. These activities have placed ASM in a strong position for 2023, as we progress our Dubbo Project and ramp-up of the Korean Metals Plant.”

Ian Gandel, ASM Chair

Dubbo Project MOD1 receives Development Consent Approval

We are pleased to advise that our Dubbo Project SSD Modification Report 1 (MOD1) has received Development Consent approval from the NSW Department of Planning and Environment following a thorough public submission and review process.

The MOD1 determination was required after our December 2021 Optimisation Study led to several design improvements in plans already approved for the Dubbo Project. These included simplifying the project’s process flowsheet and incorporating new operating strategies that would reduce impact on the Dubbo community and environment, while also reducing operating costs and improving project economics.

Congratulations to our Dubbo Project team, who completed numerous environmental studies including noise, air quality and emissions to submit the MOD1 in early 2022, and then to respond to submissions made during the public exhibition process.

Another step forward for our Dubbo Project in 2023!