SmallCaps
ASX:LMGMaterialsDiversified Metals & Mining

Latrobe Magnesium Ltd

Latrobe Magnesium Limited is an Australia-based company, which is developing a magnesium metal Demonstration Plant in Victoria's Latrobe Valley using its patented extraction process.

$0.010 ⁠$0.001 (11.11%)AUD · Closed
-71.2%52-week return
Day Range
$0.009$0.012
52 Week Range
$0.007$0.044
Volume
17.67M
Avg Volume (10D)
7.63M
Market Cap
$34.15M
The company

The business

What Latrobe Magnesium Ltd does

Latrobe Magnesium Limited is an Australia-based company, which is developing a magnesium metal Demonstration Plant in Victoria's Latrobe Valley using its patented extraction process. The Company intends to extract and sell magnesium metal and cementitious material from industrial ash, which is a waste resource from brown coal power generation. The Company's byproducts include supplementary cementitious material (SCM), silica, char, iron oxide and calcium carbonate. It is also developing an International Mega Plant (magnesium metal) in the state of Sarawak, Malaysia via its wholly owned subsidiary company Latrobe Magnesium Sarawak Sdn Bhd.

Incorporated
AUS
Public since
1986-12-18
Shareholders
6,970
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Share price & key data

Share price

OHLC · volume · moving averages
$0.010-$0.007 (-41.18%)over 6M
Hi$0.021Lo$0.007
Price-sensitive newsVolumePrev close · 52W range

Market Statistics

Today
Open
$0.010
Prev Close
$0.009
Day High
$0.012
Day Low
$0.009
52wk High
$0.044
52wk Low
$0.007

Valuation

Multiples
Market Cap
$34.15M
Shares Out
3.41B
Price/Book
0.44

Trading Activity

Volume & book
Volume
17.67M
Value Traded
$179.46K
Bid
$0.010 × 3,134,927
Ask
$0.011 × 883,133
Avg Vol 10D
7.63M

Performance

Total return
1 Day
-11.11%
5 Day
+0.00%
13 Week
-55.56%
52 Week
-71.22%
YTD
-61.90%
Peers & news

Latest news

From the Small Caps desk
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China’s Midstream Metals Dominance Sparks Strategic Alarm

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Latrobe Magnesium advances Victorian demonstration plant with key upgrades and readiness plan
Mining & Resources

Latrobe Magnesium advances Victorian demonstration plant with key upgrades and readiness plan

Engineering and construction work at Latrobe Magnesium’s (ASX: LMG) demonstration plant project in Victoria has focused on minor Stage 1A upgrades observed during the commissioning trial to improve plant operability and efficiency. The Stage 1A modifications were carried out alongside limited construction for Stage 1B during the quarter to maintain continuity and experience within the […]

Latrobe Magnesium increases project funding and targets next phase of MgO production
Mining & Resources

Latrobe Magnesium increases project funding and targets next phase of MgO production

Latrobe Magnesium (ASX: LMG) has negotiated a $3 million increase in its project finance facility to provide a funding buffer as it wraps up activities at its innovative Victorian plant. The funding facility now sits at $28m and Latrobe has also successfully extended its maturity date by nine months to 31 December 2027. The change […]

Latrobe Magnesium on track for October production start at Victorian MgO plant
Mining & Resources

Latrobe Magnesium on track for October production start at Victorian MgO plant

Latrobe Magnesium (ASX: LMG) is on target to achieve the official handover of its stage 1 magnesium oxide (MgO) demonstration plant in Victoria and the start-up of 1,000 tonnes per annum production in early October. With only ten long-lead equipment items and minor works outstanding in the construction and commissioning of the plant, Latrobe expects […]

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