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…
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…
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…
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…
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…
Highlights ASM produced 6kg of a neodymium iron boron (NdFeB) alloy at the Korean Institute of Rare Metals (KIRAM) facility. KIRAM has certified the metallic structure and ratio of key metals (Nd: Fe: B = 32%: 67%: 1%) of the key NdFeB permanent magnet alloy. ASM continues to work on the potential for establishing a…
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…
Highlights ASM has produced 200kg of ferro-neodymium (FeNd – Nd 80.3%, Fe 19.9%), a key constituent of strip cast permanent magnet alloys. ASM is working with the Korea Institute for Rare Metals (KIRAM) to produce a strip cast permanent magnet alloy which will be formed and sintered into permanent magnets. Samples of permanent magnets will…
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…
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…