Stage 2 is a proposed 10,000-tpa magnesium-metal commercial plant in Victoria's Latrobe Valley. Management's current concept estimates approximately A$250 million of capital, A$135 million annual revenue and A$63 million annual EBITDA, with 100% of planned magnesium output allocated to the U.S. market under the Metal Exchange distribution relationship. Bechtel has been selected for a roughly nine-month bankable feasibility study, but the study remained ready for execution pending funding at 31 March 2026. GHD work is also planned for an ash resource, geotechnical review, mine plan and rehabilitation plan. Non-binding EXIM and EFA letters support financing discussions but are not commitments.
- Country
- Australia
- Stage
- Pre-Feasibility