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AUSTRALIAN STRATEGIC MATERIALS LIMITED - Corporate Spotlight

Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key... Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key global supplier of specialty metals and rare earths. These are critical for advanced technologies in high-growth sectors, including electric vehicles, clean energy, healthcare and robotics.More

Corporate Spotlight

Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key global supplier of specialty metals and rare earths. These are critical for advanced technologies in high-growth sectors, including electric vehicles, clean energy, healthcare and robotics.
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NEWS: ASM JV PARTNER PRODUCES NEODYMIUM

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Australian Strategic Materials’ (ASX:ASM) JV partner produces high purity neodymium

Materials

ASX:ASM     
Australian Strategic Materials (ASX:ASM) - Managing Director, David Woodall - The Market Herald
Managing Director, David Woodall
Source: The Market Herald

  • Australian Strategic Materials' (ASM) Korean joint venture partner, ZironTech, has produced 7.6 kilograms of neodymium at 99.8 per cent purity
  • This is significant news as today marks Australian Strategic Materials' first day trading as a standalone ASX listed entity and not as Alkane Resources' (ALK) subsidiary
  • ASM is using its electro-refining technology to produce various metals for the renewable energy, specialty alloys and permanent magnet sectors
  • ASM and ZironTech are in the final stages of commissioning the electro-refining plant and will produce further valuable metals
  • Company shares are trading flat at $1.37 in early afternoon trade

Australian Strategic Materials (ASM) has announced its Korean joint venture partner, ZironTech, has completed the first production run of neodymium.


ZironTech successfully produced 7.6 kilograms of neodymium metal assaying 99.8 per cent from its patented reduction process at its commercial pilot plant in South Korea.


This purity level is higher than what's typically traded in the metals industry.


This is significant news for the company as today marks the first day Australian Strategic Materials is trading as a standalone ASX listed entity and not as a subsidiary of Alkane Resources (ALK).


ASM is continuing to progress a metalisation program using its low emission, high-purity metal refining technology to produce zirconium, titanium, rare earths and other critical materials. These metals are used for the renewable energy, specialty alloys and permanent magnet markets.


"This is a significant result for ASM, as this process has resulted in the production of neodymium metal at a higher purity than typically traded," Managing Director David Woodall said.


ASM and ZironTech are in the final stages of commissioning the electro-refining plant and are progressing the production of other key metals. These include zirconium, praseodymium and dysprosium - all of which are essential for new technologies and advance manufacturing markets.


The electro-refining process is expected to produce high purity, being 99.9 per cent, titanium metal. Results are expected in August 2020.


Company shares are trading flat at $1.37 each in early afternoon trade.


Read the full article on The Market Herald Here

ABOUT ASM

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ABOUT Australian Strategic Materials

Visit ASM's Website Here


Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key global supplier of specialty metals and rare earths. These are critical for advanced technologies in high-growth sectors, including electric vehicles, clean energy, healthcare and robotics.


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A new and reliable source


Our world-class Dubbo Project is an alternative, sustainable and reliable source of premium-quality zirconium, rare earths, niobium and hafnium as oxides and metals. These critical materials that are essential to advanced technologies and only available in limited quantities are mainly supplied from China.

The Dubbo Project represents a significant long term source and an independent alternative supplier of critical minerals from a stable, innovative and reliable country.


More about the Dubbo Project


Committed to sustainability


ASM is integrating energy efficiency, emissions reduction, waste minimisation and biodiversity enhancement into the construction and operation of the Dubbo Project. We are heavily invested in nature conservation, land management, sustainable farming and community development.


Read more on sustainability


Ore to premium products: speciality metals and rare earths


ASM has developed new technologies and processes to create a suite of high-purity speciality metals, including niobium, zirconium and hafnium. Hafnium is otherwise almost entirely produced as a by-product of zirconium manufacture.


We will also supply oxides and metals of rare earth elements (praseodymium, neodymium, terbium, and dysprosium) to meet accelerating demand for permanent magnets and other high-tech applications. From mid-2020, ASM will commence the production a range of value-added products to customer specifications from the metalisation pilot plant in Korea.


More about our metals technology    View products 


The Dubbo Project


This project draws on a large, in-ground, polymetallic resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements, located near Dubbo in central-western New South Wales, Australia and wholly owned by ASM.

With all major approvals and licences in place, an established process flow sheet and a solid business case, the project is ready for construction, subject to financing. In a global market where diversification of supply is increasingly important, the Dubbo Project offers an alternative, sustainable and reliable source of critical materials.


Read about critical materials   View project status


Latest News


Read the Latest News about ASM

Read All News


High-quality neodymium metal produced

July 30, 2020


ASM demerger from Alkane complete

July 29, 2020


Up to 50% energy saving confirmed by subsequent titanium metal production

July 28, 2020


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