It was a pleasure to welcome our#KoreanMetals Plant Representative Director, Mr. Sung-lea Cho, to Australia recently. During his visit, Mr. Cho spent time at our Dubbo Project site and toured the project’s test work facilities at ANSTO. With products from the#DubboProject (once constructed) going to the Korean Metals Plant for#metallization- this visit provided Mr. Cho and the team in Australia the opportunity to better get to know one another, as we work together to progress ASM's mine to metals’ business.
We're excited to be getting underway with our Dubbo Project EPC Definition work. ASM's Dubbo Project Team recently held a kick-off meeting with representatives from Hyundai Engineering Co. Ltd (HEC) - which is contracted to undertake the EPCD work.
Stage 1 of the EPCD work will establish front-end engineering and design activities and progress standards development. This is expected to be completed in mid-2023.
ASM is pleased to advise our Quarterly Activities Report to 31 December 2022 has been released. Key activities for the Quarter included: - Strengthened balance sheet by $41.1 million via successful Capital Raise, to position the Company to undertake priority activities in 2023 - Completed the#neodymium#praseodymiummetal commissioning and materially progressed the NdFeB alloy commissioning at the Korean Metals Plant - Negotiated with HEC for a variation to the Dubbo Project EPC Definition contract. This was finalized after the end of the Quarter and the Notice to Proceed for Stage 1 was issued to allow work to commence.
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