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Australian Strategic Materials Ltd ( (AU:ASM) ) has shared an announcement.
Australian Strategic Materials Ltd has released a Scoping Study for the Dubbo Project, highlighting a new phased development approach using heap leach purification. This method significantly reduces costs, simplifies construction, and accelerates cash flow generation. The study forecasts a capital cost reduction of over AUD 900 million from previous estimates, positioning ASM as a cost-competitive player among ex-China rare earth producers. Despite the promising financial forecasts, including a pre-tax NPV of up to AUD 1,468 million, the study remains preliminary, with uncertainties around funding and potential ownership changes through sales or joint ventures.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd (ASM) operates in the rare earth industry, focusing on the production of rare earth oxides. The company is primarily engaged in the development of the Dubbo Project, which aims to meet the growing global demand for separated light and heavy rare earth oxides.
Average Trading Volume: 489,900
Technical Sentiment Signal: Sell
Current Market Cap: A$101.6M
For a thorough assessment of ASM stock, go to TipRanks’ Stock Analysis page.