Latrobe Magnesium Limited (AU:LMG) has released an update.
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Latrobe Magnesium Limited (LMG) reports successful progress on its Demonstration Plant, achieving a perfect safety record and preparing to commence fly ash processing and Magnesium Oxide production. LMG is on track to demonstrate its innovative low emission hydromet process and is set to sell its initial MgO output to Rainstorm Dust Control Pty Ltd, with plans for magnesium metal production by Q3 2024. Additionally, the company is working with Société Générale for the development of a larger commercial plant and anticipates a significant tax rebate from the ATO.
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