Category: Uncategorized

ASM is proud to be a member of the Critical Minerals Institute (CMI), an international organisation of companies and professionals focused on battery materials, technology metals, defense metals, ESG technologies and practices, the electric vehicle market, and the use of critical minerals for energy and alternative energy production.

ASM CEO Rowena Smith recently sat down with CMI Co-Chair Jack Lifton and took a deep dive into the Company’s unique positioning in the rare earths industry.

Watch the full interview below, via the team at InvestorNews.

Australian Strategic Materials (ASM) is pleased to advise the appointment of Mr Chris Jordaan as Chief Operating Officer (COO), effective 24 August 2023.

Mr Jordaan joins ASM with 31 years in operational and corporate leadership roles in the petrochemical, processing and mining industries in South Africa, Australia and Papua New Guinea. Prior to accepting the COO role, he was President and CEO of Superior Gold, a gold mining company listed on the Toronto Stock Exchange. He has also held senior leadership roles within Newcrest Mining, BHP and several South Africa-based companies.

“With Stage 1 of our EPC Definition work for our Dubbo Project now complete, and early establishment activities for the project underway, Chris is joining us at a crucial and exciting time in ASM’s operational development.

Chris has a substantial depth of experience and the leadership qualities required to progress our Dubbo Project, lead the ramp-up of ASM’s Korean Metals Plant and advance our metallisation technologies, particularly our innovative LK Process.

His skills and experience are perfectly suited to further develop and execute ASM’s mine to metals strategy.“

Rowena Smith, ASM CEO & Managing Director

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

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

• Commenced a strategic partnership with US-based rare earth magnet manufacturer Noveon Magnetics Inc., with the sale of an initial 100 tonnes of NdFeB alloy from ASM’s Korean Metals Plant (KMP);
• Secured the supply of rare earth oxides with a binding agreement with Vietnam Rare Earth Company, to ensure the continued ramp-up of production at the KMP;
• Progressed its diversified funding strategy for the Dubbo Project via the award of a $6.5 million grant under Tranche 2 of the Australian Government’s Critical Minerals Development Program; and
• Demonstrated an ongoing commitment to safety and quality in our operations, having been awarded ISO 45001 (OHS Management System) accreditation and recognised as an industry leader by the Daejeon Regional Office of the Ministry of Employment and Labor for the risk assessment practices implemented at the KMP.

ASM’s Dubbo Project has been awarded grant funding of $6.5 million under Tranche 2 of the Australian Government’s Critical Minerals Development Program (CMDP).

Subject to the execution of binding documentation, the funding will be received to progress the Dubbo Project’s EPC Definition activities with respect to non-process infrastructure.

This exciting news was announced by the Federal Minister for Resources, the Hon Madeleine King MP.

ASM’s Rowena Smith responded, saying:

ASM is grateful to receive this generous support from the Australian Government for our rare earths and critical minerals Dubbo Project. As part of our commitment to strong ESG performance, this funding will allow us to optimise the final design of the Project’s carbon, water and residue management.

This is another exciting step for our Dubbo Project, as we build our global mine to metals business and look to bring new jobs and opportunities to the people of Dubbo and the region.

The Australian Strategic Materials (ASM) 2022 Annual Report has been released.