- CEO
- Rowena Jane Smith
- Full Time Employees
- 73
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 66 Kings Park Road West Perth WA Australia 6005
- IPO Date
- Sep 18, 2020
- Business
- Australian Strategic Materials Ltd (ASM) is an Australia-based vertically integrated producer of critical metals for advanced manufacturing, clean energy, defence, aerospace, electronics, and communications industries. The company extracts, refines, and manufactures high-purity metals, alloys, and powders from its polymetallic Dubbo Project in central-western New South Wales, which contains light and heavy rare earth elements including neodymium, praseodymium, dysprosium, and terbium oxides, as well as zirconium, niobium, and hafnium oxides; it also operates the Korean Metals Plant in Ochang, South Korea, for downstream metallisation producing neodymium-praseodymium metal, heavy rare earth metals, titanium alloys, and neodymium iron boron (NdFeB) alloys. ASM serves global technology manufacturers with products vital for electric vehicles, wind turbines, semiconductors, medical devices, robotics, and sustainable energy applications, with operations spanning Australia and South Korea, and plans for additional metals plants in strategic international locations. Founded in 2000 and headquartered in West Perth, Western Australia, the company listed on the ASX in July 2020 following its demerger from Alkane Resources Ltd and changed its name from Australian Zirconia Holdings Pty Ltd in March 2020. Recent developments include a A$55 million institutional placement in 2025 to double alloy production capacity at the Korean Metals Plant and advance growth initiatives; a A$24.9 million raise through placement and oversubscribed share purchase plan earlier in 2025; maiden sales of heavy rare earth metals to a Neo Performance Materials subsidiary and a memorandum of understanding for broader strategic partnership; a five-year binding sales and tolling agreement with USA Rare Earth for NdFeB alloy supply; and benefits from the US-Australia critical minerals partnership committing US$8.5 billion to non-China rare earth supply chains.