InvestSMART

Latrobe Magnesium Limited (ASX:LMG)

ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.014 -0.004 (-20.59%)+
Announcement
Release
24 Mar 2026 9:39AM
Price at Release
$0.017
Full Release
download
Summary
Latrobe Magnesium Limited (LMG) announced the successful continuous production of high-grade Magnesium Oxide (MgO) from its Demonstration Plant in Hazelwood North, Australia. Over a two-week period, the plant produced approximately 20 tonnes of MgO, meeting LMG's quality standards with around 90% magnesium compounds. The company plans to make minor adjustments to increase MgO concentration to above 95%. The presence of calcium oxide in the production process is expected to reduce costs, and calcium chloride can be eliminated with processing adjustments. LMG is progressing towards magnesium metal production, expected in the second half of 2026, and is developing a larger commercial plant in Malaysia. The initiative is part of LMG's strategy to recycle industrial waste from brown coal power generation into valuable products while maintaining environmental sustainability.
Key Points
  • Successful continuous production of high-grade Magnesium Oxide at the Demonstration Plant.
  • 20 tonnes of MgO produced, meeting quality standards with about 90% magnesium compounds.
  • Potential to increase MgO concentration to above 95% with minor process adjustments.
  • Presence of calcium oxide is expected to reduce additional costs.
  • Calcium chloride to be eliminated through processing adjustments.
  • Transition towards magnesium metal production anticipated in the second half of 2026.
  • Development of a commercial plant in Malaysia as part of international expansion.
  • Project aligns with environmental sustainability by recycling industrial waste.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.