Latrobe Magnesium : Presentation

onlyuse ersonal2

• This presentation may contain forward looking statements that are subject to risk factors associated with the magnesium business.
• It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially including but not limited to: price fluctuations, actual demand, currency fluctuations, production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
• Investors should undertake their own analysis and obtain independent advice before investing in LMG shares.
• All references to dollars, cents or $ in this presentation are to Australian currency, unless otherwise stated.

Management Team

Ronan Gillen - Chief Operating Officer

• Over 20 years experience in the resources industry in areas of Engineering, Operations and Project Management with Fluor, Rio Tinto and others.

Jim Siemon - Technical Director

• Chemical engineer who has held various metallurgical R&D management toles with Nystar, Zinifex, Pasminco, Rio Tinto and CRA.

John Catterson - Commercial Manager

• Over 25 years in banking, including startup business as well as involvement in major infrastructure construction projects.

Brett Trigger - Procurement & Contract Manager

• Has 17 years experience in Supply Chain in industries such as Automotive, Resources and Defence employed by MMG, Cleanaway, Ford JV in Thailand and German defence group.

Sal Awad - Project Engineer

• Over 10 years experience as a project engineer, delivering EPCM services to the mining, energy and chemicals industries employed by Worley and Fluor.

onlyuse ersonal5

Latrobe Magnesium constructs its 1,000tpa demonstration magnesium project

LMG starts design and engineering work on its 1,000tpa demonstration plant in Australia to prove its hydromet technology works. Tendered the spray roaster (long lead time item) worldwide. Construction starts on site in 1st quarter of 2022 and it will be in production 12 months later in the first quarter of 2023.

In December 2021, LMG was reported in the Austrade's Critical Minerals Prospectus. The report will feature in their worldwide investment attraction events in 2022.

LMG announces expansion of its demonstration plant to 10,000tpa

Once demonstration plant operating successfully, it will be expanded to a 10,000 tpa plant, which is expected to generate in the order of $110m in revenue and EBITDA of ~$42m. The expect completion date is June 2024. A final decision will be taken on the plant size in the third quarter of 2022 after the completion of Geotech/Mine Planning work on the Yallourn resource.

LMG announces plans for 100,000tpa plant

LMG announces it will complete a prefeasibility study on a 100,000 tpa magnesium plant using ferro nickel slag as its feedstock in 2022 to supply the growing magnesium market. The plant will be located next to a renewable energy facility.

ESG credentialled clean metals producer

LMG is looking to further reduce its CO2 emissions at its Latrobe Valley plant by using vertical retorts and renewable energy for its 10,000 tpa plant. This plant will be the magnesium industry's lowest CO2 emitter in the world.

Production Timetables

• 1,000tpa demonstration plant by 1st quarter of 2023.
• 10,000tpa commercial plant by 2nd quarter 2024.
• 100,000tpa overseas plant by 2nd quarter 2026.

Experienced Management Team

Over a century of combined experience in resources developments across the Board of Directors and management team from Tier 1 companies located In Australia and overseas.

Investor Presentation - May 2021