Latrobe Magnesium (ASX: LMG) produces world's first sustainable magnesium oxide from fly ash (w/ David Paterson)

Latrobe Magnesium (ASX: LMG) chief executive officer David Paterson joins Small Caps to discuss the company's success in producing a world first batch of magnesium oxide from fly ash, a waste resource from local brown coal power generation in Victoria. The recent successful commissioning of the first phase of its 1000-tonnes per annum Stage 1 demonstration plant in Victoria and the production of the magnesium oxide has demonstrated Latrobe's unique technology, while bringing in a capital via the sale of the environmentally friendly product. The early-stage magnesium oxide production is being sold under an agreement to WA-based specialist company Rainstorm Dust Control. After achieving this initial success, Latrobe is now focused on undertaking a bankable feasibility study and financing discussions in relation to a 10,000-tonnes per annum Stage 2 commercial plant. Latrobe's hydromet technology extracts magnesium from brown coal fly ash and ferro-nickel slag tailings and converts the unwanted waste resource into saleable products. The company is able to produce magnesium while emitting 60% less CO2 than the industry average. Article:https://smallcaps.com.au/latrobe-magnesium-produces-worlds-first-batch-magnesium-oxide-fly-ash/ For more information on Latrobe Magnesium:https://smallcaps.com.au/stocks/asx-lmg/See omnystudio.com/listener for privacy information.