Australian Strategic Materials (ASM) has announced that Hyundai Engineering Co., Ltd (HEC) has been contracted to perform engineering, procurement and construction definition work (EPCD) for the Dubbo Project in Australia.

The contract is divided into three stages, with the overall price remaining unchanged at $46.7m.

Stage 1 is expected to complete in mid-2023 and the overall contract is anticipated to complete in the second half of 2024.

ASM CEO, Rowena Smith, expressed excitement to commence the EPCD activities with HEC.