Latrobe Magnesium (ASX: LMG) produces world's first sustainable magnesium oxide from fly ash (w/ David Paterson)

Small Caps

Latrobe Magnesium (ASX: LMG) chief executive officer David Paterson joins Small Caps to discuss the company's success in producing a world first batch of magnesium oxide from fly ash, a waste resource from local brown coal power generation in Victoria.

The recent successful commissioning of the first phase of its 1000-tonnes per annum Stage 1 demonstration plant in Victoria and the production of the magnesium oxide has demonstrated Latrobe's unique technology, while bringing in a capital via the sale of the environmentally friendly product.

The early-stage magnesium oxide production is being sold under an agreement to WA-based specialist company Rainstorm Dust Control.

After achieving this initial success, Latrobe is now focused on undertaking a bankable feasibility study and financing discussions in relation to a 10,000-tonnes per annum Stage 2 commercial plant.

Latrobe's hydromet technology extracts magnesium from brown coal fly ash and ferro-nickel slag tailings and converts the unwanted waste resource into saleable products.

The company is able to produce magnesium while emitting 60% less CO2 than the industry average.

Article:
https://smallcaps.com.au/latrobe-magnesium-produces-worlds-first-batch-magnesium-oxide-fly-ash/

For more information on Latrobe Magnesium:
https://smallcaps.com.au/stocks/asx-lmg/

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