Following the release of our Heap Leach Scoping Study and the transformational approach it offers to developing the Dubbo Project, MST Financial has produced a second research paper on Australian Strategic Materials.
Research analyst Chris Drew highlights three recent factors driving an increased share price valuation of A$2.16:
- Materially lower capex pathway to rare earth production
- First sale of heavy rare earth metals achieved
- Successful A$24.9M capital raise completed
This updated analysis reflects our strengthened position in executing our unique Mine to Metals strategy – one of the few companies globally with proven capability to produce rare earth metals and alloys outside China.