Latrobe Magnesium Limited (ASX: LMG) reports strong progress on its Phase 1B Pyrometallurgical Plant Project, with installation now 90% complete and dry commissioning underway. The project is tracking within its original A$6.1m budget, with key technical milestones on schedule.
Material actions and disclosures
Installation of the Phase 1B Pyrometallurgical Plant Project has advanced significantly, with the Briquetting installation now complete and the Reduction Furnace installation substantially complete. Key vendors are on site supporting the five-stage commissioning process, with Ball Mill and Briquette Machine dry runs successfully completed. The project is expected to achieve its key technical milestone of producing magnesium metal crowns (>98% Mg) by the end of 2026.
Health, safety, and environment (HSE) performance has been maintained at an exceptional standard, with zero recordable incidents since project commencement and weekly HSE audit compliance rates consistently above 98%. The project remains on track to deliver its milestones in a controlled manner.