The Dubbo Project

The Dubbo Project is located near the Australian town of Toongi, 25 km south of Dubbo, in central-western New South Wales (NSW).

Australian Strategic Materials Ltd (ASM) is an emerging vertically integrated producer of critical metals for new growth industries, high technologies and sustainable energy solutions.

Our “mine to metals” business model is to extract, refine and
manufacture high-purity metals and alloys, supplying direct to global technology manufacturers

Watch: The Dubbo Project
A unique ore body positioned to meet global demand.

Key facts

23.5% pre-tax IRR
A$425 million annual free cash flow
A$1,678 million capital cost estimate including contingency

All major approvals in place
Land and water licences owned

Developed in partnership with ANSTO

25kms from Dubbo, NSW Australia
400kms northwest of Sydney

Up to 1,000 local jobs during the construction period
Approximately 270 local jobs when operational

Scope 1 – targeting 40% reduction¹ by 2030, and carbon net zero by 2050
Scope 2 – targeting carbon net zero by 2030

¹ From the baseline predicted CO2 emissions published in the Dubbo Project Modification Report 1 – State Significant Development 5251 dated March 2022

Located in the Central West Orana Renewable Energy Zone

Sunrise over a wide, flat landscape with distant mountains on the horizon and fields in the foreground.

Location

The Dubbo Project is located near the Australian town of Toongi, 25 km south of Dubbo, in central-western New South Wales (NSW).

The project site is approximately 400 km northwest of Sydney and Newcastle. Both these major cities connect to Dubbo via road and rail.

Status

The Dubbo Project is construction ready, with all major permits approved.

In March 2023, Bechtel Mining and Metals, Inc., (Bechtel) was appointed to conduct Front-End Engineering Design (FEED) services for the Dubbo Project. The contract will deliver a critical path to final investment decision for the Dubbo Project and enhance new funding opportunities in the US. Learn more.

In December 2021, an Optimisation Study was completed, confirming strong financial results. The Optimisation Work simplified the Dubbo Project process flow sheet and incorporated new operating strategies that will reduce operating costs and improve ESG performance.

Deposit

The Toongi Deposit is a polymetallic resource.

It contains light and heavy rare earths, zirconium, niobium and hafnium.

Reserves support an initial project life of 20 years, with potential for a significantly longer mine life.

View Resources and Reserves.

ASM intends to develop the Dubbo Project to produce metal oxides in the form of chemicals, powders and metals at its Dubbo site.

These products will be available in a range of standard and customised specifications, based on market requirements.

ASM has completed significant successful test work to optimise oxide recovery in partnership with the Australian Nuclear Science and Technology Organisation (ANSTO).

Long-term, the materials produced from the Dubbo Project will be used for refining into critical metals at our proposed metals plants, the first of which is in South Korea.