"This comprehensive work is expected to take approximately 6 months to complete and will commence once terms and conditions and pricing has been agreed between the parties and the demonstration plant is operating successfully in April 2024"
In addition:
Given how important the hydro is for the Malaysian plant, the following is one to watch. Hydro is essential for the reduction of CO2. How soon can LMS be allocated electricity and how important is it to get an allocation right now rather than further down the track?
Latrobe Magnesium Sarawak (LMS) "LMS has applied for an electricity allocation from the new Baleh hydro power station. The Sarawak Government will decide in April 2024 who will receive these allocations. LMS will proceed with a manufacturing licence application in the third quarter of 2024."
Lastly for now, For those who do not remember, the LMG MOU with Rainstorm Dust Control Pty Ltd in WA for the sale of MgO was struck in September last year.
LMG Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
