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Magnesium Intl Ltd (MGK)

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Wednesday 05 April, 2006

Magnesium Intl Ltd


Magnesium International Limited
05 April 2006

5 April 2006


The Directors of Magnesium International Limited advise that its wholly owned
subsidiary, Magsheet Pty Limited ('MagSheet'), has entered into a Memorandum of
Understanding with a major Japanese metal manufacturer ('the Japanese Company')
for a Cooperative Feasibility Study.

The intention of the Cooperative Feasibility Study is to enable the parties to
make final technical and quality evaluations of MagSheet's magnesium alloy
product, which is produced with MagSheet's TRC technology. The Japanese Company
is targeting computer, communications and consumer electronics manufacturers as
potential customers for MagSheet.

Under the Memorandum of Understanding and subject to the final technical
evaluations, the Japanese Company contemplates distributing products made from
MagSheet's intermediate 3 mm thick twin roll cast ('TRC') AZ31B magnesium alloy
coils to existing and potential customers and undertaking related marketing

It is the intention of Magsheet and the Japanese Company to discuss licensing
and/or supply agreements for the TRC technology at the completion of the
Cooperative Feasibility Study.

This MOU is an important step in the commercialisation of the TRC technology
that MagSheet has under option from the CSIRO. Magsheet expects that commercial
orders could be placed in 2006 following the Memorandum of Understanding.

For further information please contact:

Pat Elliott

Managing Director

Magnesium International Limited

Telephone:              +61 2 9252 1505

Fax:                    +61 2 9252 1507

Mobile:                 +44 7891 002 015

Email:                  [email protected]

Peter Sydney-Smith

Finance Director

Magnesium International Limited

Tel:                    +44 (0) 20 7297 4316

Fax:                    +44 (0) 20 7499 1792

Mobile:                 +44 (0) 7810 543 192

Email:                  [email protected]


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

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