Latrobe Magnesium hits continuous MgO output milestone at Hazelwood plant

Latrobe Magnesium Limited ( (AU:LMG) ) has shared an announcement.

Latrobe Magnesium Limited has achieved continuous production of about 20 tonnes of magnesium oxide at its Hazelwood North demonstration plant, using brown coal ash over a sustained two-week operating period. The company reports that the magnesium oxide meets required quality standards and has already been sold to a customer, marking a key validation of its proprietary process.

The stabilised plant operations, following rectification of a gas transport fan defect, have allowed Latrobe to optimise its spray roaster and demonstrate ongoing production of magnesium oxide and by-products such as char, iron oxide and agricultural lime. Management says this milestone substantially de-risks the project and positions the company to move toward magnesium metal production and eventual commercial operations, with by-product validation trials now planned for potential customers and the planned Stage 2 commercial plant.

The most recent analyst rating on (AU:LMG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Latrobe Magnesium Limited stock, see the AU:LMG Stock Forecast page.

More about Latrobe Magnesium Limited

Latrobe Magnesium Limited is an Australian materials company developing a world-first process to produce magnesium and related products from brown coal ash in Victoria’s Latrobe Valley. Its primary focus is on commercialising a demonstration and future commercial plant to supply magnesium, magnesium oxide and saleable by-products to industrial and agricultural markets.

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Technical Sentiment Signal: Strong Sell

Current Market Cap: A$65.68M

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