Australian Strategic Materials (ASM) is an emerging, vertically integrated producer of rare earths, critical minerals and high-tech metals. These are used in new growth industries, high technologies and sustainable energy solutions.  ASM has its cornerstone rare earths and critical minerals project in Dubbo, Australia, and its flagship high-tech metals plant in Ochang, South Korea. ASM intends to develop its Dubbo Project to produce metal oxides, and has completed significant successful test work to optimise oxide recovery in partnership with the Australian Nuclear Science and Technology Organisation (ANSTO).  Long-term, the materials produced from the Dubbo Project will be used for refining at ASM’s Korean Metals Plant.  The Korean Metals Plant opened in May 2022 and delivered its first sale of neodymium praseodymium metal in September. The plant’s initial focus is on neodymium products and titanium alloy.