- Australian Strategic Materials (ASX:ASM) has confirmed the commercial scalability of its unique metallisation process, with titanium copper alloy production of 120 kilograms at 99.5 per cent purity.
- The rate of production has improved tremendously to 1,000 kilograms a day as compared to the agreed rate of 250 kilograms a day between ASM and DK R&S.
- The company is planning to develop a full-scale metal processing plant in Korea.
Australian Strategic Materials (ASX:ASM) has produced 120 kilograms of titanium copper alloy with 99.5% purity at its facility in South Korea, confirming the commercial scalability of its innovative metallisation process. The company believes that this successful demonstration of the commercial scalability is due to the improved and unique metallisation process.
The Ziron Tech team led by ASM produced two 60-kilogram runs of the titanium copper alloy with a daily rate of around 1,000 kilograms.
This production rate is far higher than the mutually agreed rate of production of 250 kilograms per day by ASM and Dongkuk Refractories and Steel Co Ltd (DK R&S) as a part of their agreement announced on 2 November 2020.
The key to this compelling show of the commercial scalability has been attributed to proprietary advancements to the unique metallisation process, in which the efficiency of metal recovery dramatically increased and doubled the yield. This also affirms ASM’s ability to produce any type of titanium alloy traded in the global metal market.
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The company is in discussion with DK R&S on accelerating the development of a full-scale metal processing plant in Korea.
On 20 November 2020, ASM stock traded at A$ 4.080, gaining 5.154% from the previous day. The company has a market cap of A$ 461.91 million.