Australian Strategic Materials Ltd · ASX:ASM
Australian Strategic Materials — Diggers & Dealers Mining Forum 2026
19 slides from Australian Strategic Materials's conference presentation, Aug 4, 2026
Slide 1: ASX Release: Diggers & Dealers Mining Forum
ASX Release 4 August 2026 Diggers & Dealers Mining Forum Australian Strategic Materials Limited (ASM or the Company) (ASX:ASM) is pleased to provide a copy of the presentation to be delivered by Managing Director and CEO Ms Rowena Smith at the 2026 Diggers & Dealers Mining Forum. Ms Smith will be pr
Slide 2: Diggers & Dealers Mining Forum
Rare Earths. Diggers & Dealers Critical Minerals. Mining Forum High-tech Metals. Rowena Smith, Managing Director & CEO 4 August 2026
Slide 3: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement Disclaimer This Presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice (nor tax, accounting or legal advice). It has been prepared without taking into account the objec
Slide 4: Disclaimer & Competent Person's Statement (continued)
Disclaimer & Competent Person’s Statement Forward looking statements (continued…) Past performance and previously reported information prove to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current Past performance metrics and figu
Slide 5: Mine to metals
Mine to metals ASM is now scaling a global rare earths and critical minerals business to provide the high-tech metals needed to solve the challenges of today and the future © ASM 2026 | 4 The strategy includes aspirational statements which are not intended to be forecasts, as ASM does not yet have r
Slide 6: Delivering on our strategy
Delivering on our strategy Commence Opening of KMP & Customer & KMP expansion KMP build2 first metal sale4 product growth5 underway7 2020 2021 2022 2023 2024 2025 2026 Demerger & Dubbo Project Rare Earth Options Proposed Energy Fuels admission to ASX1 Optimisation Study3 Assessment6 Transaction8 1 R
Slide 7: Korean Metals Plant
Korean Metals Plant The KMP provides rare earth metallisation and alloying capability – closing a critical gap in global supply chains © ASM 2026 | 6
Slide 8: A key differentiator
A key differentiator Commercial production of NdFeB & NdPr Nameplate capacity of 1,300tpa NdFeB Heavy rare earth metallisation capability Capex of ~US$60M invested to date Phase 2 expansion fully funded © ASM 2026 | 7
Slide 9: Expanding capacity to meet growing demand
Expanding capacity to meet growing demand Phase 2 ramp-up 1 Tonnes dispatched 100 NdPr Metal NdFeB Alloy 90 80 70 60 50 1 40 2 18 30 strip casters furnaces 20 10 0 Designed capacity: 3,600tpa NdFeB H2 24 H1 25 H2 25 H1 26 Capex investment ~US$8M Time ~18-months 1The capital requirements, cost estima
Slide 10: Strengthened customer relationships; growing global portfolio; American Metals Plant
Strengthened customer relationships Growing global portfolio American Metals Plant Nameplate capacity of up to 4,000tpa Non-China rare earth feedstock Strong government backing Combined Company well-positioned to advance development1 1 Assumes that the acquisitions of ASM and Vacuumschmelze are impl
Slide 11: Dubbo Project
Dubbo Project A unique ore body, strategically NdPr positioned and optimised to provide Neodymium/ Praseodymium long-term feedstock opportunities and meet growing global demand Tb Dy Terbium Dysprosium Zr Nb Hf Hafnium Zirconium Niobium © ASM 2026 | 10
Slide 12: A strategic advantage
A strategic advantage A simplified, rare earth only processing approach offering a potentially accelerated, lower cost pathway to production Pre-Feasibility Study Pathways 2 Separated Rare Earth Oxide Products Mixed Rare Earth Hydroxide Precipitate (MREP) 1 Refer ASX release, 11 July 2025: Heap Leac
Slide 13: The Energy Fuels Transaction
The Energy Fuels Transaction With its proposed acquisition of ASM, Energy Fuels intends to create a vertically integrated mine-to-magnet platform © ASM 2026 | 12
Slide 14: Transaction highlights
Transaction highlights Near-term Western “mine to metal & alloy” supply chain delivering 1 heavy and light rare earths Direct access to Energy Fuels’ proven operating track record with strategy aligned to 2 government interests 3 Ownership in a larger group with significant funding capacity Ongoing
Slide 15: Mine-to-magnet
Mine-to-magnet Energy Fuels’ proposed strategic acquisitions of ASM and Vacuumschmelze will complete an integrated rare earth supply chain, delivering on all aspects of a true mine-to-magnet platform1 Mining, Processing & Separation Metallisation & Alloying Advanced Magnetics 1 Assumes that both acq
Slide 16: Uniquely positioned across the rare earth value chain
Uniquely positioned across the rare earth value chain The Combined Company will integrate mining, processing, metallisation and advanced magnet manufacturing capabilities delivering to a wide range of growing end markets1 1 Assumes that the acquisitions of ASM and Vacuumschmelze are implemented in a
Slide 17: Indicative Transaction timeline
Indicative Transaction timeline 1 Scheme Meetings: 12 August 2026 Second Court Date for approval of the Schemes: 18 August 2026 Effective Date: 19 August 2026 Record Date: 5.00pm (AWST) on 21 August 2026 Implementation Date: 28 August 2026 1 Assumes the Share Scheme and the Option Scheme are approve
Slide 18: Delivering an alternative rare earths supply chain
Delivering an alternative rare earths supply chain KMP delivering unique rare earth metal production capability Dubbo Project strategically positioned for long-term feedstock US metals plant to address growing magnet market National and international government support Transformational proposed Tran
Slide 19: Thank you
Rare Earths. Critical Minerals. Thank you High-tech Metals. asm-au.com © ASM 2026 | 18
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