Latrobe Magnesium Ltd

LaTrobe Magnesium ups value of its LaTrobe Valley magnesium plant


LaTrobe Magnesium (ASX:LMG) has increased the net present value of its LaTrobe Valley magnesium plant to $120 million from $83 million following test work and optimisation of its hydromet process.

The reductions are part of the company’s adjustment study in which it has refined costings from its prefeasibility study done in 2011.

With significant design changes to the retort furnaces increasing reliance on robots and automation, the capital and labour costs of the thermal reduction process have also been reduced.

The result of these savings substantially improves the value of the project from $83 million to $120 million for the 40,000 tonnes per annum magnesium plant.

It is planning to further increase the value of the project with more detailed work on improving iron removal and the creation of an additional product.

The company is finalising a 500 kilograms bulk fly ash sample for shipment and testing in a commercial operation in China. This work is expected to take up to five months.

It plans to start its bankable feasibility study after finalising the fly ash and property agreements, which are likely to be done by next quarter.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Latrobe Magnesium Ltd

Price: $0.01

Market: ASX
Market Cap: $6.48 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



PFS values Infinity Lithium's flagship San José project at US$860mln

Infinity Lithium Corporation Ltd's (ASX:INF) executive director of corporate strategy Vincent Ledoux Pedailles chats to Proactive London's Andrew Scott following the publication of a PFS (pre-feasibility study) for the development of its flagship San José lithium project in Spain. The study...

26 minutes ago

2 min read