AustChamKorea member Australian Strategic Materials (ASM) was recently awarded a A$5 million grant under the Australian Federal Government’s International Partnership in Critical Minerals Program.

The funding, announced by Australia’s Minister for Resources the Hon Madeleine King MP, will be used to progress work to identify lower capital and shorter implementation pathways for rare earth production at the company’s Dubbo Project.

A media release issued by Minister King, said: “Government support to refine rare earths is important for our sovereign capabilities and will help our trading partners meet their economic, national security and emission reduction commitments.”

Once operational, the Dubbo Project will supply rare earth oxides to ASM’s global metals plants – the first of which is built and in production in Ochang, South Korea. The Korean Metals Plant is currently supplying rare earth metals and alloys to a growing number of Korean and international customers.

For more information, visit: www.asm-au.com