Alkane Resources and Australian Strategic Materials (ASM) remain close despite formally parting.
ASM, the owner of the Dubbo Project, was a wholly-owned subsidiary of Alkane Resources until last July when a shareholder-approved demerger was completed.
The two ASX-listed companies currently share some board members including Alkane Resources managing director Nic Earner and his predecessor Ian Chalmers, now Alkane Resources technical director.
In Dubbo this week, ASM managing director David Woodall defended the previous appointment of four Alkane Resources directors to the ASM board.
"On that board you've got decades of history and knowledge," he said.
"Only a fool throws away knowledge and skills and drives it with ego."
Mr Woodall said he and Mr Earner when both in their Perth office, would take a walk and share their thoughts while Mr Chalmers was an "encyclopedia".
"The success of ASM post demerger is going to be based on how well the board works together and guides the company forward," he said.
Mr Woodall said over time the ASM board would "evolve" and welcome people with other skills.
"A highly-qualified person who has been involved in say building billion-dollar projects would be a great skillset to have on the board or a person who has been intricately involved in raising over a billion dollars," he said.
ASM plans to build a metal plant in South Korea next year, a major step in its bid to be a mine-to-manufacturer supplier of "critical metals" through the shovel-ready but yet-to-be-financed Dubbo Project.
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