World-first magnesium extraction process from fly ash.
Increased demand for magnesium in car parts manufacturing: light weight and strong.
Environmentally sustainable venture: low CO2 emitter/recycling an industrial waste product.
http://latrobemagnesium.com/timetable/ fast cycle furnaces(FCR)offer a competitive advantage over other vertical retort designs . The FCR should be fully operational by the end of August.
In August, LMG will produce a large sample of dolomite and RWE Power fly ash to put
through the FCR to produce magnesium and supplementary cementitious material.
The results should availableby the end of September
.
A pre-feasibility study and an adjustment study have been successfully completed and a feasibility study to commercially justify the new technology started in December 2015 and is due for completion in September 2017.
Good Luck to holder and prospective buyers.
DYOR. IMO
LMG Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
