Latrobe Magnesium Limited · ASX:LMG
Latrobe Magnesium — Investor Presentation (October 2025)
31 slides from Latrobe Magnesium's investor presentation, Oct 13, 2025
Slide 1: Investor Presentation
For personal use only Investor Presentation ASX: LMG October 2025
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Latrobe Magnesium Limited (ACN 009 173 611) (Company) in relation to an equity capital raising by the Company consisting of a placement of Company shares to certain ‘sophisticated’ and ‘professional’ investors (as defined by the Corporations Act 2001
Slide 3: Disclaimer
Disclaimer INVESTMENT RISK There are a number of risks specific to the Company and of a general nature which may affect the future operating and financial performance of the Company and the value of an investment in the Company, including and not limited to the Company's capital requirements, the po
Slide 4: Disclaimer: International Offer Restrictions
Disclaimer INTERNATIONAL OFFER RESTRICTIONS This Presentation does not constitute an offer of new Securities (New Securities) of the Company in any jurisdiction in which it would be unlawful. In particular, this Presentation may not be distributed to any person, and the New Securities may not be off
Slide 5: Disclaimer
Disclaimer United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Markets Act 2000, as amended (“FSMA”
Slide 6: Investment Highlights
Investment Highlights Latrobe Magnesium’s (LMG) world-first, low-cost and environmentally sustainable hydromet / thermal reduction process converts brown coal ash into magnesium metal and other valuable commodities. Australia’s first sustainable Magnesium Oxide (MgO) production. LMG has successfully
Slide 7: Demonstration Plant
Demonstration Plant LMG has built a $70m Demonstration Plant with a capacity of 1,000 tpa of Mg metal utilising its unique Hydromet process. This plant has already produced the world’s first Magnesium Oxide from coal ash. This is the most advanced Mg project globally (outside China) and is ready to
Slide 8: Equity Raising Overview
Equity Raising Overview The equity raising will consist of an institutional placement (Placement) to raise approximately A$4.0 million and an underwritten non-renounceable entitlement offer (Entitlement Offer) of A$4.0 million (together, the Offer). The Placement is seeking to raise approximatel
Slide 9: Sources and Uses of Funds
Sources and Uses of Funds Funds from the equity raising will be used to assist in commissioning Magnesium Metal production at the Demonstration Plant, continue to produce MgO at steady state, commence Commercial Plant BFS, and provide working capital. Sources and Uses of Funds Detailed Use of Funds
Slide 10: Equity Raising Timetable (Indicative)
Equity Raising Timetable (Indicative) Event Date (AEST) Trading halt Friday, 10 October 2025 Placement and Entitlement Offer sub-underwriting bookbuild opens 10:00am Friday, 10 October 2025 Placement and Entitlement Offer sub-underwriting bookbuild closes 5:00pm Friday, 10 October 2025 Trading halt
Slide 11: Corporate Overview
Corporate Overview Capitalisation Summary and Top Shareholders 1 Shareholder Summary 4 ASX Ticker LMG 7.1% 1.4% Directors and Management Share Price A$0.028 11.6% Shares outstanding 2,634m RnD Funding Unquoted Securities 151.2m For personal use only Other Top 20 Shareholders Market capitalisation A$
Slide 12: Board and Management
Board and Management John Jock Murray AO, Chairman David Paterson, CEO and Director Extensive financial background, including with NSW Department of Transport, Qualified non-practicing Chartered Accountant, including with Tricontinental The Hills Motorway (M2) and Terminals Australia. Corporatio
Slide 13: Magnesium: A Critical Mineral
Magnesium: A Critical Mineral A Critical Mineral in the coming decade 1 Global Magnesium Demand & Consumption by Market Sector (2024)2 End-Use 6% Auto Die Casting 13% 24% For personal use only Alloying (inc. Aluminium) Steel De-Sulphuring 13% 1.06Mt Metal Reduction Other Magnesium 43% Global Demand
Slide 14: Current and Emerging uses for Magnesium
Current and Emerging uses for Magnesium Die Cast Magnesium Batteries Aluminium Sheet Components Why use Magnesium? • High strength For personal use only Electronics Enclosures Countermeasures Magnesium Hydride (Hydrogen Storage) • Low weight • Excellent vibration damping • Excellent thermal conducti
Slide 15: Operations Overview
Operations Overview LMG’s hydromet process, developed over decades, holds unique international patents for the recovery of magnesium from brown coal ash and ferro nickel slag. Plant Feedstock Emissions Financials1 Assumptions Project Status • Demonstration Plant commissioned and Demonstration Capex:
Slide 16: Scalability of Operations
Scalability of Operations Latrobe Magnesium’s patented hydromet process will be scaled to a 10ktpa Commercial Plant, ten times the magnesium output of the Demonstration Plant and using a very similar flow sheet. Process and Flow Sheet Fly • Latrobe Magnesium’s 1ktpa Demonstration Plant has a similar
Slide 17: Hydromet Process and Product
Hydromet Process and Product The Demonstration Plant has proven LMG’s patented hydromet process, de-risking the technology ahead of Commercial Plant FID. Patented Process and Product Overview Flow Sheet – Demonstration and Commercial Plant Ash is leached with acid solution during the leaching proces
Slide 18: Summary
Summary Latrobe Magnesium: A future globally significant Australian producer of sustainable magnesium metal that is poised to re-rate in the near term. Steady-state MgO production and first sales 1 LMG will soon reach steady state production of MgO at nameplate from its 1,000tpa Demonstration Plant,
Slide 19: Key Risks - Appendix A
For personal use only Key Risks Appendix A
Slide 20: Key Risks
Key Risks Set out below are the principal risks and uncertainties associated with LMG and its subsidiaries, which are likely to have an effect on LMG’s future financial prospects. The risks do not constitute an exhaustive list of all risks involved with an investment in the Company. It is not possib
Slide 21: Key Risks
Key Risks (4) General Economic Climate General economic conditions, movements in interest rates and inflation rates, currency exchange rates and commodity prices may have an adverse effect on LMG's potential for future development and production activities, as well as the ability to fund those activ
Slide 22: Key Risks
Key Risks (8) Change of Production Risks The capacity of LMG to achieve production will depend on a wide range of factors including capital costs and operating costs that may be applicable to the individual projects and the capacity of the Group to fund those costs. If production is achieved, unanti
Slide 23: Key Risks
Key Risks Processing activities, including those carried out at the Demonstration Plant, carry risk and as such, activities may be curtailed, delayed or cancelled as a result of a number of factors outside LMG's control. These include technical difficulties, securing and maintaining inputs, weather
Slide 24: Key Risks
Key Risks (17) Laws and Authorisations LMG's operations will be subject to various laws and plans, including those in respect of development permit and licence requirements, industrial relations, environment, land use, water, occupational health and plants and animals (for example laws or permitting
Slide 25: Key Risks
Key Risks (22) Changes in Tax Rules or Their Interpretation Changes in tax law (including value added or indirect taxes and stamp duties), or changes in the way tax laws are interpreted, may impact LMG's tax liabilities or the tax treatment of a LMG shareholder’s investment. In particular, both the
Slide 26: Key Risks – Issue of Shares
Key Risks – Issue of Shares (1) General Risks Associated with an Investment in Shares There are general risks associated with investments in equity securities. No assurances can be given that the New Shares will trade at or above the price at which they are issued. None of LMG, its directors or any
Slide 27: Appendix B: Summary of Underwriting Agreement
For personal use only Appendix B Summary of Underwriting Agreement
Slide 28: Underwriting Agreement
Underwriting Agreement The Lead Manager has agreed to lead manage the Offer and underwrite the Entitlement Offer on the terms and conditions set out in the Underwriting Agreement. The Underwriting Agreement contains customary representations and warranties and indemnities in favour of the Lead Manag
Slide 29: Underwriting Agreement
Underwriting Agreement a) a Director or officer of the Company or the Company is charged in relation to fraudulent conduct, whether or not in connection with the Offer; b) there is a change to the Company’s CEO, COO, CFO or board of directors; c) the Company or a member of the Company group is or be
Slide 30: Underwriting Agreement
Underwriting Agreement ix. the introduction of legislation into the Parliament of the Commonwealth of Australia or any State or Territory of Australia, the public announcement of prospective legislation or policy by the Federal Government or State or Territory Government or the RBA, or adoption by A
Slide 31: Thank You!
Thank You! For personal use only 320 Tramway Road Hazlewood North, Victoria 3840 Phone: +61 (0)2 9279 2033 Email: enquire@latrobemagnesium.com
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