Australian Strategic Materials Makes Key Progress at Dubbo and KMP
[Member News] Congratulations to AustCham Korea Silver Sponsor Australian Strategic Materials (ASM) for the progress made at Dubbo and KMP.
Australian Strategic Materials (ASM) spent the first quarter of 2022 advancing its business goals. The key focuses during the period were the Dubbo project in New South Wales and the Korean Metals Plant in Ochang, South Korea.
Dubbo:
In January, a group of South Korean investors completed due diligence on the Dubbo project which is being developed to be a key global supplier of specialty metals and rare earths which are in high demand for clean energy and transportation.
Since then, ASM has been in discussions with the investors regarding a potential binding agreement.
Another important step was signing a deal with Hyundai Engineering Corporation (HEC) for a front-end engineering and design (FEED) and engineering, procurement and construction (EPC) contract for the project.
KMP:
Despite experiencing COVID-19 disruptions, the buildings and facilities at the Korean Metals Plant (KMP) were completed during the March quarter and a plant registration certificate was received in early April.
Australian Strategic Materials progressed the installation and commissioning of the first phase of the KMP which is planned to have an installed capacity of 2200 tonnes per annum.
Read more here: https://themarketherald.com.au/australian-strategic-materials-asxasm-makes-key-progress-at-dubbo-and-kmp-2022-04-29/
