Quarterly Activities Report to 30 December 2021

The Australian Strategic Materials (ASM) Quarterly Activities Report to 30 December 2021 has been released.

Highlights for the Quarter included:

  • Released the Dubbo Project Optimisation Study
    – A capital cost estimate of AUD 1,678 million with pre-tax NPV of AUD 2,361 million, pre-tax IRR of 23.5%, and annual free cash flow (full ramp-up) of AUD 425 million
  • Commenced hot commissioning of ASM’s Korean Metals Plant
  • Deputy Prime Minister of South Korea, Mr Hong Nam-ki, visited ASM’s Korean Metals Plant
  • Signed a Joint Statement of Cooperation with the Korean Mine Rehabilitation and Resource Corporation (KOMIR) to enable the supply of critical minerals and metals into Korea
  • Appointed Australian and New Zealand Banking Group Limited ( ANZ) as financial advisor for the debt financing of the Dubbo Project
  • Hosted the NSW Deputy Premier, The Hon Paul Toole MP, at ASM’s Toongi deposit for the launch of the NSW Critical Minerals and High-tech Metals Strategy
  • Attended a roundtable meeting on the Critical Minerals Supply Chain with the President of the Republic of Korea, His Excellency Mr Moon Jae in
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