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Latrobe Magnesium Limited (ASX:LMG)
ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.014 -0.005 (-25%)+
Announcement
Release
29 Apr 2026 9:49AM
Price at Release
$0.018
Full Release
Summary
Latrobe Magnesium Limited (LMG) has reported significant progress in its quarterly activities for the period ending 31 March 2026. The company achieved a milestone by completing a sustained magnesium oxide (MgO) production campaign at its Demonstration Plant in Hazelwood North, Victoria. Approximately 20 tonnes of high-grade MgO were produced over a two-week period, with XRD assay results confirming the product's quality for downstream magnesium metal production. Phase 1B installation and commissioning activities have commenced, targeting magnesium metal production in the second half of 2026. A USD $2M non-dilutive prepayment was received from Metal Exchange LLC, aiding Phase 1B project delivery. The company also plans an International Plant in Malaysia and a Commercial Plant in Victoria, both integral to its expansion strategy.
Key Points
- Completed sustained MgO production campaign at Hazelwood North.
- Produced approximately 20 tonnes of high-grade MgO.
- Phase 1B installation and commissioning commenced.
- First magnesium metal production targeted for the second half of 2026.
- USD $2M prepayment received from Metal Exchange LLC.
- Developing International Plant in Malaysia and Commercial Plant in Victoria.
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.
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