Quarterly activities report to 30 September 2023

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Month: October 2023

Quarterly activities report to 30 September 2023

Posted on by Ian Donabie

We are pleased to advise our Quarterly Activities Report to 30 September 2023 has been released.

In line with ASM’s strategic business priorities, this Quarter the Company:

  • Strengthened its management team with the appointment of Mr Chris Jordaan as Chief Operating Officer.
  • Signed its first long-term alloy sales agreement with USA Rare Earth, LLC.
  • Confirmed the design capability of the Dubbo Project’s advanced process flowsheet to produce high purity Tb and Dy oxides at industry leading product quality.
  • Progressed Dubbo Project and KMP offtake discussions, supported by ongoing technical validation processes and customer visits.
  • Delivered its FY23 carbon net zero target for Scope 1 and Scope 2 emissions at the KMP.
Read the Quarterly Report

ASM 2023 Annual Report

Posted on by Ian Donabie

ASM is pleased to present its 2023 Annual Report, highlighting the strategic and operational progress the Company made during the past financial year and the path it is on to successfully deliver its mine to metals strategy.

 

“ASM’s mine to metals strategy represents a unique opportunity in Australia’s national interest. Our end-to-end, alternative supply chain goes from mining our globally significant rare earths and critical minerals resource in Dubbo, Central West New South Wales, refining the materials on site, processing the oxides at our Korean Metals Plant and selling the high-tech metals and alloys to a global customer base.

Now, more than ever before, this vertically integrated approach addresses many of the challenges we see identified in not just Australia’s strategic outlook, but from jurisdictions around the globe, from Japan and Korea to the US and the European Union.”

Ian Gandel, ASM Chairman

Read the 2023 Annual Report

Excellent heavy rare earth oxide results from Dubbo Project pilot plant testing

Posted on by Ian Donabie
ASM’s latest results for terbium and dysprosium separation at the ANSTO pilot plant have exceeded target specifications.

ASM is pleased to announce excellent results from its latest terbium (Tb) and dysprosium (Dy) heavy rare earth (RE) separation test work. The results confirm the design capability of the Dubbo Project’s advanced process flowsheet to produce high purity Tb and Dy oxides at industry leading product quality.

The pilot plant test work was conducted by ANSTO, Australia’s Nuclear Science & Technology Organisation. Results show the process is capable of producing Tb and Dy oxide product streams that meet or exceed target specifications of >99.99% for Tb and > 99.95% for Dy, at steady state.

“These excellent results demonstrate the strength of ASM’s advanced technical capability. Producing both light and heavy rare earth oxides at high purity sets the Dubbo Project and ASM apart and allows us to offer industry leading product quality to our offtake partners.”

Rowena Smith, ASM Managing Director and CEO

Read the ASX announcement
The terbium and dysprosium pilot plant at ANSTO

ASM