Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

Latrobe Magnesium anticipates signing of non-binding Memorandums of
Understanding (MoUs) with potential international equity partners in the next quarter
with commitments to contribute funding in proportion to their equity holdings in the
100,000tpa project in Sarawak.


offsetting that is the negative news around commissioning

Efforts are underway to pullback any vendor and labour supply impacts and an update to the project schedule will be provided in due course as schedule mitigation activities are completed over
the coming weeks. The project team are confident that the plant will still be commissioned in Q4 2023
and will provide an updated first magnesium date in a future project update.