Galan Lithium

Developing High-Grade Lithium Brine Projects in Prolific Jurisdictions in Argentina and Australia

This Galan Lithium profile is part of a paid investor education campaign.*

GLN:AU

Galan Lithium Limited


Company Highlights

  • Galan Lithium Limited is an ASX-listed company developing lithium brine projects within South America's lithium triangle on the Hombre Muerto salar in Argentina.
  • The company has three high-quality projects in the works, including its flagship Hombre Muerto West and Candelas lithium projects in Argentina and Greenbushes South lithium project in Australia.
  • The Hombre Muerto project leverages advantageous positioning near notable mining operations, including Livent Corporation's El Felix project and hosts exceptional high-grade lithium and low impurity drilling possibilities.
  • Geophysics has indicated Candela's potential to host a substantial brine volume and provide significant amounts of processing water through low-grade brine treatment without using surface water from the Los Patos river.
  • Galan acquired 80 percent ownership of the Greenbushes South lithium project through the sale and joint venture with Lithium Australian NL.
  • Galan aims to transition into a major lithium project developer and remains committed to conducting fast-tracked lithium carbonate production in its prolific and mining-friendly jurisdictions of operation.

Company Overview

Argentina is no stranger to lithium mining. The South American nation is one of three encompassed in the prolific Lithium Triangle, a region that holds more than half of the world's lithium deposits.

In 2020, the Argentine government intended to increase its production from 40,000 metric tons of lithium carbonate equivalent (LCE) to 230,000 metric tons in 2022 to boost exports up to $1 billion. As lithium demand rises with the exponential popularity of electric vehicles and high-strength batteries, investment into Argentina-based projects presents premier discovery potential and scalable operations that considerably contribute to the world's electric future.

Galan Lithium Limited (ASX:GLN) is an Australian-based international mining development company focused on its high-quality lithium brine projects in the world-class Hombre Muerto region in Argentina and its highly prospective lithium JV project in Australia.

Key Projects

Key Projects 

Hombre Muerto West Project

The 100 percent owned Hombre Muerto West project (HMW) is a large land property that sits on the west coast of the Hombre Muerto salar in Argentina, the second-best salar in the world for the production of lithium from brines. The property also leverages strategic positioning adjacent to notable competitors like Livent Corp. to the east.

The company has reported a combined total indicated resource of 2.3 million tonnes LCE at 946mg/l lithium. Additionally, the project hosts some of the lowest impurities and best grades in Argentina across its rich geological profile comprising groundwater sourcing volcanic rocks, faulting and hydrothermal activity. A December 2019 drilling campaign reported airlift test sampling of 1,010mg/l lithium over an approximately 330-meter interval, which confirmed outstanding grade averages at its main Rana de Sal target.

In December 2020, Galan conducted a compelling scoping and PEA study, which revealed a competitive CAPEX of US$338 million, a low OPEX of US$3,518/t LCE and a production rate of 20ktpa targeting battery-grade lithium carbonate across the property. These discoveries and the project's strong project fundamentals warrant additional exploration and development of HMW and its unexplored concessions.


Candelas Project

Candelas Project

The Candelas project is a 15-kilometer by 4-kilometer property along the prolific Los Patos channel in Argentina. The Rio Los Patos currently accounts for approximately 79 percent of incoming waters in the salar, creating world-class lithium draining opportunities from source rocks in the Cerro Galan volcano. Project geophysics and drilling have indicated the potential for Candelas to host a substantial volume of brine and upwards of 685kt LCE in maiden estimated resources.

In January 2019, Galan conducted an accelerated eight drill-hole campaign. This primary drilling revealed 192 meters at 802 mg/l lithium with very low impurities levels and excellent permeable hosted sediment packaging of coarse sands/gravels, breccia and conglomerate.

Candelas also leverages potential for evaporation pods, processing infrastructure and has access to great, fresh process water. This advantageous positioning and exceptional geological and resource profile pose Candelas as a highly prospective world-class soluble lithium deposit.


Greenbushes South Lithium Project

The Greenbushes South lithium project covers approximately 43 square kilometers located three kilometers south of the world-class Greenbushes lithium mine, owned and managed by Talison Lithium Pty Ltd. Galan acquired 80 percent of the project from Lithium Australia NL in January 2021, including a 100 percent interest in an exploration license application (E70/4629).

Greenbushes South hosts elevated abundances of pathfinder elements with well-defined anomalies adjacent to the property. The company has completed a review of the property's datasets and historical laterite geochemistry data and remains excited to explore and develop its highly prospective project.

Galan's project acquisition of Greenbushes South secures and consolidates a significant package of exploration ground hovering upwards of 396 square kilometers. The company completed its first exploration sampling and mapping work at the Greenbushes South Lithium project aimed to identify and map the surface expression of the DonnybrookBridgetown Shear Zone (DBSZ) that hosts the Greenbushes deposit.

Recent mapping indicates the major geological structure hosting the world classGreenbushes LCT pegmatite transects the current holdings. Furthermore, soil and rock chip samples show continuation of anomalous levels of pathfinder elements associated with Greenbushes Li-Ta-Sn mineralisation. Galan would continue targeted sampling and potential future localised geophysical work.

Management Team

Richard Homsany,
Non-Executive Chairman

Richard Homsany is an experienced corporate lawyer and has extensive board and operational experience in the resources and energy sectors. He is executive chairman of ASX listed uranium exploration and development company Toro Energy Limited, executive VP of Australia of TSX listed uranium exploration company Mega Uranium Ltd. and the principal of Cardinals Lawyers and Consultants, a boutique corporate and energy & resources law firm.

He is also the chairman of the Health Insurance Fund of Australia Ltd (HIF) and listed Redstone Resources Limited and Central Iron Ore Limited and is a non-executive director of Brookside Energy Ltd. Homsany's past career includes time working at the Minera Alumbrera Copper and Gold mine located in the Catamarca Province, northwest Argentina.

Juan Pablo ('JP') Vargas de la Vega, Managing Director and Company Founder

Juan Pablo Vargas de la Vega is a Chilean/Australian mineral industry professional with 18 years of broad experience in ASX mining companies, stockbroking and private equity firms. JP founded Galan in late 2017. He has been a specialist lithium analyst in Australia, has also operated a private copper business in Chile and worked for BHP, Rio Tinto and Codelco.

Daniel Jimenez,
Non-Executive Director

Daniel Jimenez is a civil, industrial engineer and has worked for a world leader in the lithium industry, Sociedad Química y Minera de Chile, for over 28 years. He was the VP of Sales of Lithium, Iodine and Industrial Chemicals where he formulated the commercial strategy and marketing of SQM's industrial products and was responsible for over US$900 million worth of estimated sales in 2018.

Christopher Chalwell,
Non-Executive Director

Christoper Chalwell has been involved in the gas to coal conversion of the Mica Creek Power station in Mt Isa and the Pasminco Century Mine in North Queensland. He also holds extensive experience with feasibility studies, commercial reviews for project funding, contract appraisal and award.

Terry Gardiner,
Non-Executive Director

Terry Gardiner has over 20 years of experience in capital markets, stockbroking & derivatives trading. Prior, Gardiner had many years trading in equities & derivatives for his family accounts. Gardiner is currently a director of stockbroking firm Barclay Wells Limited and a non-executive director of Cazaly Resources Limited.

Jinyu (Ramond) Liu
Non-executive Director

Jinyu Liu is a mining executive with over 13 years of experience in the resources sector. He possesses a results-oriented track record developed in deal origination, project evaluation, negotiation, due diligence and capital raising. Liu is the founding managing partner of Havelock Mining investment, a Hong Kong investment company and has been involved with numerous ASX-listed companies. Liu is currently a director of Okapi Resources Ltd and Heritage Minerals. He previously held investment and technical roles at Fosun International, Rio Tinto, KCGM and Mt Gibson Iron.

*Disclaimer: This profile is sponsored by Galan Lithium ( GLN:AU ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Galan Lithium in order to help investors learn more about the company. Galan Lithium is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galan Lithium and seek advice from a qualified investment advisor.

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