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Latrobe Magnesium Limited (ASX:LMG)

ALERT: Price-sensitive ASX Announcement for LMG
Current share price for LMG : $0.008 -0.003 (-27.27%)+
Announcement
Release
23 Jul 2026 4:20PM
Price at Release
$0.011
Full Release
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Summary
Latrobe Magnesium Limited (LMG) announced the appointment of Robert Stein as its new CEO, succeeding David Paterson upon his retirement on 30 September 2026. Stein, a seasoned chemical engineer with a robust background in the resources sector, previously led Macquarie Group's Resources Research. Additionally, Peter Mizera joins as Chairman of the Construction Committee to oversee capital works. LMG is advancing its magnesium Demonstration Plant in Victoria and planning a larger Commercial Plant, as well as an International 'Mega' Plant in Malaysia, to expand its production capacity significantly.
Key Points
  • Latrobe Magnesium Limited (LMG) appoints Robert Stein as new CEO.
  • David Paterson, the current CEO, will retire on 30 September 2026.
  • Stein brings over 20 years of experience in the resources sector.
  • Peter Mizera appointed as Chairman of LMG’s Construction Committee.
  • LMG is developing a magnesium Demonstration Plant in Victoria's Latrobe Valley.
  • A Commercial Plant with a capacity of 10,000 tonnes per annum is planned.
  • LMG is also planning an International 'Mega' Plant in Malaysia.
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.