Australian Strategic Materials Ltd focuses on producing specialty metals and oxides for advanced technologies. It holds interest in the Dubbo Project that consists of zirconium, rare earths, niobium, hafnium, tantalum, yttrium, and other rare earth elements located in central-western New South Wales, Australia. The company also invests in technologies related to the separation, purification, and metallization of oxides. In addition, it focuses on managing the farm activities, such as breeding and grazing of sheep and cattle. The company was founded in 2000 and is based in Burswood, Australia. Australian Strategic Materials Ltd(ASX:ASM) operates independently of Alkane Resources Limited as of July 28, 2020.