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Global mining executive Ms Rowena Smith appointed ASM CEO

Global mining executive Ms Rowena Smith, has been appointed as Chief Executive Officer of ASM, after former Managing Director, Mr David Woodall stepped down. Ms Smith has been ASM’s Chief Operating Officer since joining the company in 2021. During this time she has led ASM’s critical minerals and rare earths Dubbo Project team, and overseen…

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Deputy Prime Minister of South Korea visits ASM Korean Metals Plant as hot commissioning begins

Australian Strategic Materials Limited (ASX:ASM) is pleased to announce that commissioning has begun at its Korean Metals Plant in Ochang Province, South Korea, marked by a visit to the plant by Deputy Prime Minister of South Korea, Mr Hong Nam-ki. Australian Strategic Materials has commenced hot commissioning on its neodymium furnace. This included firing up…

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Dubbo Project Finance Update

Technical due diligence of the Dubbo Project occurring under the Framework Agreement with the Investing Partnership of Korean private equity firms (ASX Announcement: 21 July 2021) has advanced with significant effort made by both parties. However, due to Covid19 travel restrictions between Australia and Korea and on travel within Australia, and the extensive scope of…

Delegates from Australia and South Korea, wearing masks, sign documents at a table with flags, observed by other officials in suits.

ASM signs $US250m framework agreement with South Korean consortium for 20% in Dubbo Project and offtake from Korean Metals Plant

ASM (the Company) has entered into a conditional exclusive framework agreement (Agreement) with a consortium of South Korean Investors to subscribe for a 20% equity interest in Australian Strategic Materials (Holdings) Ltd (ASMH) for a subscription price of US$250m (equivalent to AU$340m based on current exchange rates) (Proposed Transaction). ASMH is a wholly owned subsidiary…

A group of people in suits and masks pose for a photo in front of a large South Korean flag, with two men holding an open document.

ASM signs MOU with South Korean provincial government for metals plant location

ASM has signed a memorandum of understanding (MoU) with the Chungcheongbuk-do (Chungbuk) Provincial Government and Cheongju-si (Cheongju), City Government to locate its first metals plant (Korean Metals Plant or KMP) within the Ochang Foreign Investment Zone in Korea. The Chungbuk Provincial Government MoU covers supply of utilities, administrative licenses and permit procedures, including the Korean…

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Scoping study demonstrates feasibility of ASM Korean metals plant

Highlights Initial 5,200tpa Korean Metals Plant study delivers strong economics Estimated capital – approximately US$35-45million Estimated annual revenue – approximately US$180m-190m Estimated annual EBITDA – approximately US$45m-$50m Expenditure of US$ 1.5m on detailed engineering approved by ASM Board & underway A final investment decision (FID) on the 5,200tpa Korean Metal Plant expected in mid-2021 Plans…

Three workers in hard hats operate industrial machinery inside a clean, well-lit factory with metal pipes, control panels, and elevated platforms.

ASM Produces Rare Earth Permanent Magnets at Korean Institute of Rare Metals Facility

Highlights Two kilograms of pre-sintered permanent magnets successfully produced from ASM’s high-purity neodymium-iron-boron (NdFeB) powder Magnetic properties and quality confirmed by the Korean Institute of Rare Metals (KIRAM) ASM reports that the Korean Institute of Rare Metals (KIRAM) has successfully produced and tested two kilograms of pre-sintered permanent magnets from ASM’s high-purity neodymium-iron-boron (NdFeB) powder…

Three images: two rectangular metal blocks beside a ruler, a porous metallic slab held vertically, and several small 3D-printed metal parts arranged on a flat surface.

ASM Titanium Powder Approved for 3D Printing by Korean Advanced Manufacturing Company

Highlights Independent 3D-printed metal part producer HANA AMT has confirmed the high purity of ASM’s titanium powder A 75kg/day run of titanium (Ti) metal powder was successfully produced by Ziron Tech at a pilot scale (metal purity 99.918%) Significant environmental benefits of ASM’s novel metal process were confirmed by HANA AMT ASM has received confirmation…

A man wearing a white hard hat and glove operates a touchscreen control panel labeled Ziron Tech in an industrial setting.

Titanium Copper Alloy Production Confirms Commercial Scalability & Doubles Process Efficiency

Highlights ASM produced 120kg of titanium copper alloy (99.5% purity), confirming the commercial scalability of its innovative metallisation process. Improvements to ASM’s metallisation process has doubled the metallic yield. ASM continues to work collaboratively with Dongkuk R&S, on the potential to develop a full-scale metal processing facility. ASM has successfully confirmed the commercial scalability of…