Non-Process Infrastructure Engineering and Implementation Service

Summary and scope

Australian Strategic Materials Ltd (ASM) is a vertically integrated 'mine to metals' producer of critical metals for new growth industries, high technologies and sustainable energy solutions. The company's Dubbo Project is a proven long-term resource of rare earth elements, zirconium, niobium and hafnium located approximately 25kms south of Dubbo, in central western NSW.The project represents an alternative and reliable source of the critical minerals and rare earths needed to de-risk and relieve bottle-necking in the global supply chain.ASM intends to develop the Dubbo Project to produce metal oxides in the form of chemicals, powders and metals at its Dubbo site. These products will be available in a range of standard and customised specifications, based on market requirements. ASM has completed significant successful test work to optimise oxide recovery in partnership with the Australian Nuclear Science and Technology Organisation (ANSTO).Long-term, the materials produced from the Dubbo Project will be used for refining into critical metals at ASM's proposed metals plants, the first of which is in South Korea.The Dubbo Project is construction ready, with all major permits approved. Negotiations for detailed engineering and execution are underway.ASM upholds stringent ESG standards across all its activities. As part of this commitment, ASM intends for its direct supply chain of rare earths and critical metals from the Dubbo Project to be highly traceable for ethical and sustainable accountability from mine to market. ASM also intends for the Dubbo Project to be a flagship for clean resource development: targeting operational net-zero carbon and adopting key strategies from its Optimisation Study that significantly improve ESG performance.