A cityscape at dusk showing tall modern glass skyscrapers and a busy street filled with traffic, under a clear blue sky.

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…

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…

A worker wearing a white hard hat and gloves inspects or repairs electrical equipment mounted on yellow metal railings indoors.

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…

A group of men in suits pose for a photo at the DK-ASM signing ceremony for environmentally friendly rare metal and rare earth refining technology on October 30, 2020.

ASM and Dongkuk sign agreement to construct a 250kg/day commercial plant

Highlights Design, develop, assemble, install and verify a 250kg commercial grade continuous reduction system using the Ziron Tech patented metal-refining technology ASM will retain ownership of intellectual property and commercial rights to the Ziron Tech technology ASM and Dongkuk Refractory and Steel (DK R&S) have signed a joint development agreement for a 250kg/day metal plant…

Close-up of a periodic table showing the elements dysprosium, holmium, terbium, berkelium, californium, and einsteinium with their symbols and atomic numbers.

ASM produces 7.5kg of heavy rare earth metal dysprosium in Korea

Highlights: ASM produces 7.5kg of heavy rare earth dysprosium metal Dysprosium metal assay – 99.53% Metallisation of ferro-dysprosium and zirconium progressing ASM, through its partner Ziron Technology Corporation (Ziron Tech), has successfully produced 7.5 kg of a high purity dysprosium metal at its commercial pilot plant in South Korea. After producing 0.76 kg of the…