Latrobe Magnesium Limited (AU:LMG) has released an update.
Latrobe Magnesium Limited is set to undertake a Feasibility Study for a 10,000-tonne per annum magnesium production plant in Victoria, aiming to complete it by the end of 2024. The company has engaged Bechtel for the study, building on their previous collaboration, and has appointed Societe Generale for the project’s financial structuring. This project aligns with LMG’s strategy to utilize its patented extraction process to convert industrial waste into valuable magnesium, promoting environmental sustainability.
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