Latrobe Magnesium (ASX: LMG)
Updated the market in respect of their Latrobe Valley magnesium Project.
The site is now remediated and ready for major construction. Project activities continue with the achievement of 30% engineering, completion of the early works program, and the tendering of key long lead time equipment.
|Latrobe Magnesium||ASX: LCL|
|Market cap||A$141 m @ 8.8 c|
|Location||Latrobe Valley, Victoria State, Australia|
LATROBE MAGNESIUM VALLEY PROJECT UPDATE
Latrobe Magnesium (ASX: LMG) Latrobe Valley Project Update
Site remediated and now ready for major construction.
Project activities continue with the achievement of 30% engineering, completion
of the early works program, and the tendering of key long lead time equipment.
Longest lead items the Spray Roaster and Reduction Furnace have been issued
for tender, with award targeted for next month.
Construction activities started with Security Gatehouse, Administration
Building and carpark tendered for construction to allow mobilisation for major
Suppliers’ Town Hall held on 18th of February 2022 at the Morwell Innovation
Centre to qualify local suppliers and contractors to participate in upcoming
tenders for equipment and services.
Early works for the demonstration plant have been completed and have been successful in allowing for the remediation and preparation of the site for major construction.
This will allow LMG to focus on construction activities necessary for the construction of the plant.
Additionally, the longest lead item, the Spray Roaster, has been issued for tender along with the Reduction Furnace.
Whilst continuing to tender the remaining equipment required for the demonstration plant, LMG’s coming focus will be on the finalisation of several design and engineering process milestones including 30% design review, critical HAZOP workshops and the preparation of the major construction packages for tendering.
With the process, piping and instrumentation diagrams finalised and the plant layout frozen, Mincore’s Mechanical, Structural and Electrical & Instrumentation engineering disciplines are completing the engineering deliverables necessary for procurement and construction.
Mincore will continue to progress the equipment specifications and datasheets for the remaining equipment required in preparation for tender, including the Multi-Effect Evaporator, Briquetting, Filtration, Thickening and other minor equipment.
Mincore have been on-site to evaluate the completed early works and the layout of the site and to begin preparation for the construction of the plant. LMG have tendered the administration building and mobilisation with the recommended contractor is underway.
Once completed, the LMG and Mincore team will mobilise to site to oversee the remaining construction of the demonstration plant.
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