Latrobe Magnesium Limited · ASX:LMG
Latrobe Magnesium — Investor Presentation (April 2026)
23 slides from Latrobe Magnesium's investor presentation, Apr 30, 2026
Slide 1: A Critical Western Magnesium Producer
A Critical Western Magnesium Producer ASX: LMG April 2026
Slide 2: 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. Achieved continuous production of sustainable high-grade Magnesium Oxide (MgO). LMG
Slide 3: Corporate Overview
Corporate Overview Summary1 Shareholder Summary4 ASX Ticker LMG 8.5% 1.5% Share price $0.019 Directors, board and management Shares outstanding 3,127,816,808 10.0% RnD funding Unquoted securities 227.7 Market capitalisation 59.4 Other top 20 shareholders Net cash2 4.1 80.0% Other shareholders Enterp
Slide 4: Board and Management
Board and Management 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. Corporation and
Slide 5: Demonstration Plant
Demonstration Plant LMG has built a $76m Demonstration Plant with a production capacity of 500tpa of Mg metal per annum. This plant has already achieved continuous production of the world’s first high-grade Magnesium Oxide from coal ash. LMG’s is the most advanced new magnesium project globally (out
Slide 6: Recent and Future Catalysts
Recent and Future Catalysts Recent Catalysts Future Catalysts Continuous production of high-grade MgO: LMG’s world-leading BFS for 10,000tpa commercial plant: LMG is looking to use operating magnesium demonstration plant in the Latrobe Valley has successfully data and performance from the current de
Slide 7: Critical Mineral Underpinned by Structural Tailwinds
Critical Mineral Underpinned by Structural Tailwinds Magnesium is emerging as a strategically critical material, driven by defence demand, supply chain security and lightweighting trends. Global Magnesium Demand & Consumption by Market Sector (2025)1 Structural Tailwinds Comments End-Use Drives urge
Slide 8: Critical Mineral Underpinned by Structural Tailwinds (Cont’d)
Critical Mineral Underpinned by Structural Tailwinds (Cont’d) A Critical Mineral in the coming decade1 A Wartime Commodity Die Cast Magnesium Aluminium Sheet Components Batteries Electronics Magnesium Hydride Countermeasures Enclosures (Hydrogen Storage) Magnesium Aerospace Bioabsorbable Rotorcraft
Slide 9: Operations Pathway
Operations Pathway 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 Capex: Revenue Mg • Demonstration Plant achiev
Slide 10: Hydromet Process and Product
Hydromet Process and Product The Demonstration Plant has proven LMG’s patented hydromet process, fully de-risking the process ahead of Commercial Plant works. Patented Process and Product Overview Flow Sheet – Demonstration and Commercial Plant Ash is leached with acid solution during the leaching p
Slide 11: Summary
Summary Latrobe Magnesium: A future globally significant Australian producer of sustainable magnesium metal. Continuous MgO production and commercial validation 1 High-grade MgO (90–95%+) successfully produced from brown coal ash, demonstrating a sustainable, scalable product and validation from a T
Slide 12: Thank You!
Thank You! 320 Tramway Road Hazelwood North, Victoria 3840 Phone: +61 (0)2 9279 2033 Email: enquire@latrobemagnesium.com
Slide 13: Appendix A Market Overview
Latrobe Magnesium Appendix A Market Overview
Slide 14: Appendix: Pricing Environment
Appendix: Pricing Environment Magnesium is generally traded under offtake agreements which are reviewed annually, with pricing often being within +/- 10% of the relevant spot price1. Future prices are often volatile and frequently subject to geopolitical tensions. Pricing Overview Anti-dumping Tarif
Slide 15: Appendix: Magnesium Demand Outlook
Appendix: Magnesium Demand Outlook Magnesium demand is being structurally driven by global lightweighting, electrification, and its growing role as a designated critical mineral. Projected Magnesium Market Demand Themes US$10bn − Historically, magnesium demand has demonstrated a reasonable correlati
Slide 16: Appendix: Magnesium Supply Outlook
Appendix: Magnesium Supply Outlook Global critical minerals policies, higher policy-driven prices in response to China’s production cost base, and inherent risks associated with China’s dominance of the market are expected to result in the proliferation of new primary magnesium projects. Global Prim
Slide 17: Appendix B Key Risks
Latrobe Magnesium smart | Efficient | Green Appendix B Key Risks
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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
Latrobe Magnesium — Investor Presentation (April 2026) on 6ix