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Latrobe Magnesium Limited (ASX:LMG)

ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.008 -0.005 (-38.46%)+
Announcement
Release
30 Jun 2026 9:31AM
Price at Release
$0.013
Full Release
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Summary
Latrobe Magnesium Limited (LMG) is advancing its Phase 1B installation and commissioning activities for its magnesium metal Demonstration Plant in Victoria, Australia. Significant progress has been made in the structural, mechanical, and piping works, with a completion rate of 33% as of June 2026. The company is on track to commence magnesium metal production in the latter half of 2026. The demonstration plant uses a patented extraction process to produce magnesium metal from industrial ash, with plans to expand into a commercial plant producing 10,000 tonnes per annum. LMG also plans to develop a mega plant in Malaysia, focusing on environmentally sustainable practices by recycling waste and reducing CO2 emissions.
Key Points
  • Completion of 33% of the construction for Phase 1B.
  • Targeted magnesium production in the second half of 2026.
  • Utilizing patented extraction from industrial ash.
  • Plans for a 10,000 tonne per annum commercial plant.
  • Development of a mega plant in Malaysia.
  • Strong HSE compliance with a 97% average rate.
  • SMP and E&I installations advancing significantly.
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.