Australian Strategic Materials Ltd (ASX:ASM)’s Dave Woodall speaks with Proactive’s Andrew Scott about the Dubbo Project and its move towards development. Woodall explains the company’s relationship with Hyundai and how the latter will play a major role in progressing the feed component of the Dubbo Project and provide engineering, procurement and construction definition work (EPCD). ASM’s managing director also discusses the recent US$15 million subscription agreement with Korean-based KCF Energy, which gives ASM vital equity funding and further develops the relationship between ASM and the consortium. The companies have agreed to negotiate on a non-exclusive basis for investments in ASM, ASMH, KSM Metals Co, Ltd and for a 2,800 5-year offtake agreement for the supply of NdFeB alloy. Finally, Woodall discusses the success of the opening of ASM’s South Korean metals plant and upcoming milestones.
Australian Strategic Materials moves Dubbo Project closer to development
