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 |
| Stage | Development |
| Metals | Magnesium |
| Market cap | A$141 m @ 8.8 c |
| Location | Latrobe Valley, Victoria State, Australia |
.
.
LATROBE MAGNESIUM VALLEY PROJECT UPDATE
MARCH 2022
Latrobe Magnesium (ASX: LMG) Latrobe Valley Project Update
Highlights:
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
construction contractors.
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.
For brevity, this summary has been redacted, to read the full news release, please click HERE
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.