3:33min - Dubbo is still slow burn as they work through the $5M government funded flowsheet refinements and potential staged build (REE first then Hafnium/Niobium/Zirconia to follow before loosing Bechtel on the (likely US funded) FEED. Slow but logical and not costing ASM much cash - further details coming Q2/2025
5:10min - Dubbo resource/reserves being updated for the REE component leading to extended mine life - which in turn should significantly boost the project economics for funding
6:00min - NdFeB product validation now complete with a number of magnet makers across EU, Korea and US - now agreeing order quantities and timing for next 12-24 months
6:30min - metal deliveries being made from KMP to Neo Performance Materials (Products - Neo Performance Materials) and discussions re future orders
7:00min - heavy focus now it seems on refining HREE (terbium and dysprosium metals) using their proprietary IP (the LK process I assume) as only the second company capable of a mine to metal production for these metals
8:00 - In addition to known US investments/funding in Dubbo, direct mention of the possibility of a US based (and funded) metals plant, replicating the KMP
No doubt this has been a long road but I get the sense that positive re-rating worthy announcements are about to land for confirmed long term orders from KMP and the US funding of a KMP replica in the US.
ASM Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)