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Latrobe Magnesium (LMG) investor relations material
Latrobe Magnesium Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investment highlights
Patented hydromet/thermal reduction process converts brown coal ash into magnesium and other saleable commodities, with significant CO2 emission reductions compared to China-based producers.
First sustainable MgO produced in Australia; demonstration plant operational with plans for commercial and international scale-up.
By-products such as supplementary cementitious materials, iron oxide, agricultural lime, and char expected to generate ~25% of revenue, diversifying income streams.
Offtake agreements secured for 100% of commercial plant capacity; hydropower granted for Malaysian international plant.
Over A$70m invested in demonstration plant and A$20m in IP, with technology developed alongside CSIRO over 14 years.
Operations and scalability
Demonstration plant in Victoria built for A$70m, with 1,000 tpa Mg metal capacity, targeting first production in Q1 2026.
Commercial plant planned at 10,000 tpa, leveraging similar flow sheet to demonstration plant, with lower capital intensity per tonne.
International plant in Malaysia targeting 100,000 tpa using ferro nickel slag, with hydropower access and pre-feasibility study completed.
Demonstration plant has proven the hydromet process, de-risking technology for commercial scale-up.
By-products from commercial plant expected to account for ~25% of revenue, including SCM, silica, calcium carbonate, char, and hematite.
Equity raising and financials
Equity raising of A$8m via A$4m placement and A$4m underwritten entitlement offer at A$0.023 per share, up to A$2m in oversubscriptions possible.
Funds to be used for demonstration plant operations, commissioning Mg metal production, commercial plant BFS, and working capital.
Market capitalisation of A$73.8m, enterprise value of A$75.9m, with 2,634m shares outstanding as of October 2025.
New shares rank pari passu with existing shares; offer fully underwritten by Shaw and Partners.
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