Australian Strategic Materials Ltd (ASM), formally Australian Zirconia Limited (AZL), is a wholly owned subsidiary of the Australian multi commodity mining company, Alkane Resources Ltd (ALK). ASM was formed in 2000 to develop the Dubbo Project (DP) located in the Central West region of New South Wales about 400km northwest of Sydney. The DP is based upon the very large in-ground resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earths. Over many years ASM has developed a process flowsheet to recover and produce zirconium, hafnium, niobium, yttrium and neodymium, praseodymium, dysprosium and terbium products. A lanthanum-cerium concentrate and a holmium-lutetium concentrate will also be produced.
Recent feasibility studies have demonstrated a robust technically and financially viable project at current product prices. All government approvals are in place and the project is awaiting financing to proceed to construction. On the current anticipated schedule the DP should commence commercial production in the beginning of 2019 and will be a significant supplier of a number of critical metals.