Quarterly Report: Production momentum continues

31/07/2026

Australian Strategic Materials (ASM) has released its Quarterly Activities Report for the period ending 30 June 2026.
Large industrial equipment covered with gray protective tarps lined up in a spacious, well-lit factory or warehouse with green flooring.

“Our work during the Quarter was driven by three parallel objectives: progressing the Schemes with Energy Fuels, continued production ramp-up and expansion at the Korean Metals Plant (KMP), and progress of the Heap Leach Option pre-feasibility study (PFS) at the Dubbo Project”

Rowena Smith
Managing Director & CEO, ASM

Highlights
  • Rare earth metal and alloy production continues to increase
    The Korean Metals Plant (KMP) dispatched ~45 tonnes of NdFeB alloy and NdPr metal, with total production increasing for the second quarter in a row.
  • Facility expansion to 3,600tpa nameplate capacity
    Installation of eight new furnaces at the KMP completed, progressing Phase 2 expansion activities.
  • Scaling-up heavy rare earth metal development
    Commissioning of next-generation pilot-scale HRE metallisation furnace continued, supporting the development of terbium and dysprosium production.
  • MREP pathway offers simpler and lower cost route to production at Dubbo Project
    Mixed rare earth precipitate (MREP) product pathway further examined to inform comprehensive Heap Leach Option pre-feasibility study.
Read the Quarterly Report