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Australian Strategic Materials Ltd ( (AU:ASM) ) has issued an update.
Australian Strategic Materials Ltd has reported promising results from heap leach metallurgical testing at its Dubbo Project, which is focused on rare earth and critical minerals. The test results indicate high recovery rates for key rare earth elements, suggesting a potential reduction in capital and operating costs by simplifying the processing flowsheet. This development is expected to enhance the project’s economic viability and facilitate funding and offtake discussions. The company is advancing a Heap Leach Scoping Study to assess the project’s phased development, with an initial focus on producing separated rare earth oxides, which could generate early revenue and support further development phases.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd (ASM) operates in the mining and processing industry, focusing on rare earth and critical minerals. The company is engaged in the Dubbo Project, a significant venture located in Dubbo, NSW, aimed at extracting and processing rare earth elements and critical minerals.
Average Trading Volume: 462,266
Technical Sentiment Signal: Hold
Current Market Cap: A$128.8M
For a thorough assessment of ASM stock, go to TipRanks’ Stock Analysis page.