ASM Secures A$5M Federal Grant to Advance Dubbo Project, NSW
Project Name: Dubbo Project
Project Location: New South Wales (NSW), Australia
Project Stage: Feasibility Study in Progress
ProjectBank Summary:
Australian Strategic Materials Limited (ASX: ASM) has been awarded a A$5 million grant under the Australian Federal Government’s International Partnerships in Critical Minerals (IPCM) Program. This funding will support the RE Options Assessment and Pilot Program at the Dubbo Project, aimed at identifying cost-effective and accelerated pathways to rare earth production. The Dubbo Project, ASM’s cornerstone critical minerals asset, is positioned to play a significant role in international supply chains for rare earths and critical minerals. The program precedes the finalisation of the Front-End Engineering Design (FEED) phase, with the final investment decision (FID) targeted for 2026.
Australian Strategic Materials Highlights:
A$5 million Federal Government grant matched by ASM to enhance rare earth production pathways.
Activities to include engineering, sampling, metallurgical testing, and pilot programs at ANSTO, NSW.
Dubbo Project’s post-FEED feasibility study to focus on lower capital, faster implementation options.
Partnerships with DRA Global, Stantec, Mining One, and Core Metallurgy to execute the program.
MD/CEO Statement:
Rowena Smith, Managing Director and CEO, commented: "This funding recognises the Dubbo Project’s strategic importance nationally and internationally. By identifying efficient and accelerated pathways to rare earth production, ASM is positioned to strengthen Australia’s critical mineral supply chains and support the global energy transition."
