Highlights
ASX: LMG       LATROBE MAGNESIUM LIMITED
Last Price Today's Change   Day's Range   Trading Volume
0.006   -0.001 (14.29%)  0.006 - 0.007  1,712,960

Overview

 
Avg Volume (4 weeks):291,837
4 Weeks Range:0.006 - 0.008
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.006 - 0.011
52 Weeks Price Volatility (%):
0.00%
Average Price Target:-

Headlines



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Business Background

Latrobe Magnesium Limited is engaged in developing the Latrobe magnesium project. The Company is also involved in securing memorandum of understanding (MoU) with Japanese and the United States distributors for the sale of magnesium. The Company has a MoU with RWE Power AG to continue to develop a magnesium plant capable of producing approximately 30,000 tons per annum of magnesium from brown coal fly ash from its Hambach mine near Cologne, Germany. The Company's plant will be located in the Latrobe Valley in Victoria, Australia. The Company intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The Company intends to make a supplementary cementitious material (SCM) from the Latrobe Valley brown coal fly ash. The Company's plant will use an extraction process of combined hydromet/thermal reduction to extract the metal. The Company intends to sell the refined product to Australian, Japanese and American users.

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