ASM has released its 2025 Q2 Quarterly Report.
Key highlights include:
- Increasing sales and deliveries from the Korean Metals Plant (KMP) as global trade tensions and export restrictions rise, including:
- Confirmed purchase orders totalling 22.2 tonnes of NdFeB alloy;
- Completed delivery of previously reported 19 tonnes of NdPr metal; and
- Confirmed purchase order for an additional 10-tonne of NdPr metal, post Quarter.
- Enhanced metallisation capability at KMP delivers first-ever heavy rare earth metals sale – terbium and dysprosium – post Quarter.
- Breakthrough metallurgical results from Rare Earth Options Assessment drive the delivery of accelerated Heap Leach Scoping Study.
- Heap Leach Scoping Study – delivered post Quarter – demonstrates strong potential for a low cost, low capital, accelerated pathway to rare earth production at the Dubbo Project.
- Strengthened financial position:
- Refinancing of Korean loan facilities;
- Cash balance at 30 June, A$19 million; and
- ~A$11.9 million raised post Quarter via oversubscribed Share Purchase Plan.
