The surplus of the funding will help to carry out the GHD work necessary to determine a Joint Ore Reserve Committee (JORC) reserve on the amount of fly ash that can safely be removed from the Yallourn landfill. These results will determine the annual production size of LMG’s stage 2 Commercial Plant to be built in the Latrobe Valley. LMG believes that Yallourn will produce sufficient fly ash from now until closure in 2028 to operate a 10,000 tpa magnesium plant for 20 years.Read the full asx announcement here: https://bit.ly/3XInRqr
LMG Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
