Australian Strategic Materials Ltd · ASX:ASM
Australian Strategic Materials — Investor Presentation (May 2025)
31 slides from Australian Strategic Materials's investor presentation, May 1, 2025
Slide 1: Investor presentation and webcast update
ASX Release 01 May 2025 Investor presentation and webcast update Tuesday 6 May 2025, 11am AEST (9am AWST) Australian Strategic Materials Limited (ASM or the Company) (ASX:ASM) is pleased to advise that Managing Director and CEO Ms Rowena Smith will host a webcast for investors, analysts and media on
Slide 2: Investor Presentation
Rare Earths. Investor Presentation Critical Minerals. 01 May 2025 High-tech Metals.
Slide 3: Disclaimer & Competent Person’s Statement
Disclaimer & Competent Person’s Statement Forward Looking Statements representation or warranty, express or implied as to the accuracy, likelihood of achievement or reasonableness of This presentation contains certain statements which constitute “forward looking statements”. Often, but not always, a
Slide 4: ASM is building a global rare earths and critical minerals business
Australian Strategic Materials (ASM) is building 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 2025 | 3
Slide 5: Contents
Contents Mine to Metals: Addressing international market dynamics Korean Metals Plant: The blueprint for growth Strategic Expansion: Case for a US metals plant The Dubbo Project: A global project in the national interest Outlook: Positioned to deliver a secure, sustainable supply chain © ASM 2025 |
Slide 6: Mine to metals strategy
Mine to metals strategy © ASM 2025 | 5
Slide 7: Global demand outpacing supply
Global demand outpacing supply NdFeB Alloys & Powders (tonnes) 2040 World NdFeB Alloy & Powder Consumption & Demand by End-Use 1,400,000 1,205,085t 1,200,000 Electric 26% Vehicles 1,000,000 16% Robotics 800,000 Global deficit 13% Others Consumer Goods (Electronics & from 2026 12% Powertools) 600,000
Slide 8: Drive for an alternative supply chain
Drive for an alternative supply chain Global market share of rare earth supply chain1 100% 90% 80% 70% 60% 50% US$2.86 40% 30% billion 20% China magnet and alloy exports in 10% 20242 0% Mining Separating & Metal Refining Magnet Refining (oxides) (alloy) Manufacturing China Australia US Other 1Adamas
Slide 9: Rare earth restrictions
Rare earth restrictions China export restrictions on rare earths1 Dubbo Project Products Production Target Quantity Metric China Export Restrictions Tonnes Per Annum Tb Dy Sm Gd Neodymium Praseodymium Oxide 1,342 (solid) Dysprosium Oxide (solid) 142 Terbium Dysprosium Samarium Gadolinium Terbium Oxi
Slide 10: Delivering security across value chain
Delivering security across value chain Mining & Metals, Alloys Magnet Separation & Refining & Powders Manufacturers Extraction ASM’s strategy will take REEs all the way from mining through to metal and alloy production LYNAS ASX-listed companies with strategy ILUKA to take REEs through to an oxide1
Slide 11: Korean Metals Plant
Korean Metals Plant Providing an alternative integrated supply chain for high-tech metals. © ASM 2025 | 10
Slide 12: KMP ramp-up
KMP ramp-up Current Phase 2 ramp-up Product expansion 3 1 15 2 Tb Dy Furnaces Strip Caster Furnaces Strip Casters Terbium Dysprosium Installed capacity: 1,300tpa NdFeB Designed capacity: 3,600tpa NdFeB Heavy rare earth metals ~US$60M invested to date Capex investment ~US$8M1 Product expansion of Pro
Slide 13: KMP targeted financials
KMP targeted financials Based on estimated Phase 2 maximum production 3,600tpa USD ~$204M USD ~$26M NdFeB alloy1 annual revenue annual EBITDA 2025 2026 2027 Targeted Timeline Continue qualification processes with Western Implement Phase 2, subject to Western 3,600tpa NdFeB alloy capacity achieved ma
Slide 14: A blueprint for growth
A blueprint for growth Producing NdPr metal & NdFeB alloy for growing domestic and international customer base Technical validation success for potential new customers in Korea, the US, EU and Canada Advanced discussions for supply of REE oxide feedstock Technical capability and know-how driving pro
Slide 15: US Strategic Expansion
US Strategic Expansion Leveraging existing capability and relationships to target the emerging US market © ASM 2025 | 14
Slide 16: Case for an American Metals Plant (AMP)
Case for an American Metals Plant (AMP) Country and jurisdiction ranking – Secondary Cost Index CoDB Secondary index score by country and jurisdiction (1=best, 5=worst) The US and South Korea compare favourably on an index of non-cost factors, including: • Quality of labour • Ease of business • Infr
Slide 17: Incentives for US expansion
Incentives for US expansion Supporting America’s Mineral Future - Executive Order Increasing American Mineral Production Critical Minerals Funding Request - DoD whitepaper submitted seeking capex funding1 Supportive business environment - 45X tax credit, state-based grants and incentives Made in Ame
Slide 18: American Metals Plant (AMP) project hurdles
American Metals Plant (AMP) project hurdles1 In the determination on proceeding with the AMP, ASM will consider whether the following project hurdles can be achieved. Capacity of 2,000 tpa of alloy Up to 150 skilled jobs Initial production capacity, ability to expand AMP Created at full capacity, su
Slide 19: Dubbo Project NdPr
Dubbo Project NdPr Neodymium/ A unique ore body positioned to Praseodymium meet growing global demand. Tb Dy Terbium Dysprosium Zr Nb Hf Hafnium Zirconium Niobium © ASM 2025 | 18
Slide 20: A secure, sustainable source
A secure, sustainable source • 20-year life of mine based on 18.9Mt proven reserve1 Long life of mine • 75.18Mt of resource (42.81Mt measured and 32.37Mt inferred)1 • 25kms from Dubbo, NSW – close to established infrastructure Tier 1 jurisdiction • Within the Central-West Orana Renewable Energy Zone
Slide 21: Global support driving funding progress
Global support driving funding progress Conditional debt funding support for construction of the Dubbo Project1 >A$1.5B conditional ECA support1 1000 9232 900 800 ~A$49M1 USEXIM Engineering Multiplier Program 700 Millions AUD 600 500 Minerals Security Partnership project 400 400 300 200 Sovereign Fu
Slide 22: Rare Earth Options Assessment (REOA)
Rare Earth Options Assessment (REOA) Identifying potential options that will enable a phased construction approach at the Dubbo Project1 Assessment of four rare earth options underway Delivered In progress To be delivered Identify potential options Variability leaching Leach testwork results testwor
Slide 23: REOA project hurdles
REOA project hurdles1 In assessing whether to proceed with any option, ASM will assess if the following project hurdles can be achieved Shorter Reduced capital Focused Simplification implementation and operating pre-development of offtake pathway to production expenditure work agreements of REE oxid
Slide 24: Outlook
Outlook An alternative supply chain for the global permanent magnet market © ASM 2025 | 23
Slide 25: Offtake & strategic partners
Offtake & strategic partners Pursuing global investment and offtake opportunities with potential partners across Australia, EU, Japan, Korea, Middle East and US. ASM’s growth strategy, coupled with the Automotive Defence phased development of the Dubbo Project, enhances its appeal to offtake partner
Slide 26: ASM – mine to metals
ASM – mine to metals Building an alternative global supply chain Producing high-tech metals & alloys – ready to scale globally Strong government strategic support Dubbo Project construction ready ~A$1.5 billion conditional non-binding debt funding support © ASM 2025 | 25
Slide 27: Thank you
Rare Earths. Thank you Critical Minerals. asm-au.com High-tech Metals. © ASM 2025 | 26
Slide 28: Appendix A – KMP targeted financials assumptions and risks
Appendix A – KMP targeted financials assumptions and risks Parameter Assumption Raw material sources NdPr oxides: Offtake from non-Chinese suppliers (currently in advanced negotiations), augmented by moving to Dubbo in long term Other rare earth oxides: Acquired on market initially, moving to Dubbo
Slide 29: Appendix A – KMP targeted financials assumptions and risks
Appendix A – KMP targeted financials assumptions and risks Risk Description Commercialisation The KMP is currently undergoing production ramp up and technical product validation with its initial customers. Commercialisation of the KMP may be affected by supply chain constraints impacts and supply su
Slide 30: Appendix A – KMP targeted financials assumptions and risks
Appendix A – KMP targeted financials assumptions and risks Risk Description Commodity prices The financial performance of the KMP will be influenced by the prices obtained for the rare earth and critical mineral products consumed and produced by the KMP. Prices for rare earth and critical mineral pr
Slide 31: Appendix B: Dubbo Project JORC Statement
Appendix B: Dubbo Project JORC Statement Resource Tonnes ZrO2 HfO2 Nb2O5 Ta2O5 Y2O3 TREO* Mineral Category (Mt) (%) (%) (%) (%) (%) (%) Resources Measured 42.81 1.89 0.04 0.45 0.03 0.14 0.74 Inferred 32.37 1.90 0.04 0.44 0.03 0.14 0.74 Total 75.18 1.89 0.04 0.44 0.03 0.14 0.74 *TREO% is the sum of a
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