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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Latrobe Magnesium Limited    LMG   AU000000LMG2

LATROBE MAGNESIUM LIMITED

(LMG)
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Latrobe Magnesium : LMG – Independent Research Report

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12/11/2016 | 10:55pm EDT

Magnes um

ABN 52 009 173 611

LATROBE MAGNESIUM LIMITED INDEPENDENT RESEARCH REPORT 12 December 2016, Sydney Australia: Latrobe Magnesium Limited (ASX:LMG) wishes to advise that it commissioned an independent research house, Independent Investment Research, based in Australian and the United States, to produce a comprehensive research paper on the Company and its Latrobe Magnesium project.

This report is available to be reviewed on our website, www.latrobemagnesium.com,

in "Presentations and Reports" under Investors Information Section.

David Paterson Chief Executive Officer About Latrobe Magnesium

Latrobe Magnesium is developing a magnesium production plant in Victoria's Latrobe Valley using its world-first patented extraction process. LMG intends to extract and sell magnesium metal and cementitious material from industrial fly ash, which is currently a waste stream from brown coal power generation.

LMG is expected to complete its feasibility study validating its combined hydromet / thermal reduction process that extracts the metal in the next month. Production from its initial 5,000 tonne per annum magnesium plant is due to start at the end of 2017. The plant will be in the heart of Victoria's coal power generation precinct, providing immediate access to feedstock.

LMG plans to sell the refined magnesium under long-term contracts to Australian and overseas users. Currently, Australia imports 100% of the 10,000 tonnes annually consumed.

Magnesium has the best strength-to-weight ratio of all common structural metals and is increasingly used in the manufacture of car parts, laptop computers, mobile phones and power tools.

The LMG project is at the forefront of environmental benefit - by recycling power plant waste, avoiding landfill and is a low CO2 emitter.

Suite 307, 20 Barrack Street, Sydney, NSW 2000 Phone: +61 (0)2 8097 0250

Postal Address: GPO Box 4729, Sydney, NSW 2001 Fax: +61 (0)2 9279 3854

Latrobe Magnesium Limited published this content on 12 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2016 03:55:02 UTC.

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Managers
NameTitle
David Oliver Paterson Chief Executive Officer, Director & MD
John Stephen Murray Independent Non-Executive Chairman
Kevin Anthony Torpey Non-Independent Non-Executive Director
Philip Francis Bruce Independent Non-Executive Director
John Robert Lee Secretary & Non-Executive Director