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Australian Strategic Materials details key investment and offtake deal for Dubbo project

Australian Strategic Materials details key investment and offtake deal for Dubbo project Australian Strategic Materials Ltd (ASX:ASM) s David Woodall speaks to Proactive following news of a conditional exclusive framework agreement which sees a consortium of South Korean investors subscribe for a 20% equity interest in the Dubbo project along with offtake from the company s Korean Metals Plant.They ll invest US$250 million in the project s holding company Australian Strategic Materials (Holdings) Ltd (ASMH) and it will include provision for a 10-year offtake agreement for up to 2,800 tonnes per annum of neodymium-iron-boron alloy from the Korean Metals Plant (KMP). Quick facts: Australian Strategic Materials Ltd

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