Latrobe Magnesium Ltd (ASX:LMG, OTC:LTRBF) is gearing up for a significant milestone as it prepares to commence ore commissioning at its Stage 1 Demonstration Plant in the Latrobe Valley, Victoria, Australia. Despite encountering minor issues during the commissioning process, the company is poised to initiate this crucial phase of operations.
The successful resolution of minor challenges, including addressing pipe leaks, valve replacements, and software adjustments, has paved the way for the commencement of ore commissioning. The first ash delivery, scheduled for April 19, marks a significant step forward for the project.
Moreover, Latrobe Magnesium has secured Societe Generale as the Sole Coordinator, Structuring Bank, and Mandated Lead Arranger for financing the Stage 2 Commercial Plant. Societe Generale’s extensive experience in financing mining and metals production projects positions them as a strategic partner for Latrobe Magnesium’s future endeavors. 
John Collier, Chief Financial Officer of Latrobe Magnesium, expressed confidence in the partnership with Societe Generale, underscoring the bank’s expertise and the project’s viability. He emphasized the potential to achieve significant progress without the need for additional capital raising.
Additionally, the company has finalized its scope with GHD for work on the Yallourn ash deposit, laying the groundwork for the forthcoming BFS. This comprehensive study will provide critical inputs for the Commercial Plant’s development, ensuring informed decision-making and project optimization.
Furthermore, Latrobe Magnesium has established a Strategic Supplier Program (SSP) to accelerate the development of the Stage 2 Commercial Plant. Engaging a mix of local and international suppliers under this program reflects the company’s commitment to leveraging expertise and fostering collaboration.
Ronan Gillen, Chief Operating Officer of Latrobe Magnesium, expressed enthusiasm about partnering with reputable suppliers to deliver superior outcomes. He emphasized the importance of leveraging the technical capabilities of each organization to realize the project’s full potential.
Looking ahead, Latrobe Magnesium remains optimistic about the project’s timeline, aiming to obtain all relevant approvals, complete studies, and achieve financial closure by December 2024. With production slated to commence in the first quarter of 2026, the company is poised for significant growth and success in the critical minerals sector.
