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Magnesium Intl Ltd (MGK)

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Wednesday 08 June, 2005

Magnesium Intl Ltd

CSIRO Press Release

Magnesium International Limited
08 June 2005

8 June 2005

                              CSIRO PRESS RELEASE

Further to the announcement on 12 May 2005, the attached is an announcement from
CSIRO relating to the signing of an exclusive option to licence CSIRO's
magnesium sheet production to a wholly owned subsidiary of Magnesium
International Limited.

For further information please contact

Gordon Galt, Managing Director, Magnesium International Limited, or

Pat Elliott, Deputy Chairman, Magnesium International Limited

Telephone      +61 432 755 655;        Fax      +61 2 9252 1507


CSIRO's magnesium sheet production process licensed

CSIRO has signed an exclusive option to licence its magnesium sheet production
process with Magnesium International Limited's subsidiary Magnesium
International (No 1) Pty Ltd.

The CSIRO technology is one of only a few technologies capable of producing thin
magnesium sheet direct from the molten metal.

Under the new agreement, Magnesium International will work with CSIRO on further
advancing the technology.

The magnesium sheet technology has emanated from four years of work by research
scientists and engineers at the CSIRO Manufacturing and Infrastructure and
Technology Division.

While magnesium sheet is considered a growth product for the 21st century - with
its light-weight and high-strength qualities - the uptake of magnesium sheet has
been hindered by expensive and difficult conventional production processes.

'After successful test runs we are about to commence a production trial run of
high-end 3mm magnesium alloy sheet for a potential customer,' says CSIRO
Business Development Manager Brad Cowley.

'This shows the CSIRO production method can make a cost-effective magnesium
sheet of the highest standard; Magnesium International is looking to engage with
this company on a commercial basis. Our technology has the scope to allow many
more manufacturers to enter the magnesium sheet market.' says Mr Cowley.

Magnesium International Limited Deputy Chairman, Patrick Elliott, says while
there are numerous groups working on producing magnesium sheet metal, CSIRO is
ahead of the pack.

'We believe CSIRO's technology is in the lead and that its technology has the
best potential,' says Mr Elliott.

Mr Elliott says initial trials with CSIRO have gone well and he expects orders
to flow shortly.

Magnesium sheet has a variety of applications where lightweight and quality
finish is at a premium. This includes automotive components and personal
electronic devices such as cameras, XDA's, lap tops and MD players.

The CSIRO technology is based on the successful application of the twin roll
casting technique - used extensively in the aluminium industry - to the
production of magnesium alloy sheet.  Magnesium alloy strip can be produced
directly from the melt with a thickness at - or close to - the final required
shape, thereby reducing operational costs. A detailed proving program has
demonstrated that the technology is economically efficient and suitable for
semi-continuous production of 100-200kg coils of typically 3mm thick magnesium

PICTURES AVAILABLE: High quality images of the magnesium sheet are available
upon request.

Further Information:

Brad Cowley                                            Tel: + 61 3 9545 2066

Business Development Manager                           Email: [email protected]

CSIRO Manufacturing and Infrastructure Technology
Media Assistance:
Everard Hunder CSIRO Manufacturing and Infrastructure  Tel: + 61 3 9252 6439
                                                       Email: [email protected]

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                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                             

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