Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce the imminent commencement of a scoping study for the Company's Candelas project (see Figure 1). Candelas is Galan's second key project and is also located on Hombre Muerto West salt flat (on the southeast) in the well-known South American Lithium Triangle in Catamarca, Argentina.


Highlights:

• Candelas' brine concentrate modelling shows results up to 6%Li. Similar to Hombre Muerto West (HWM) concentrate with low impurities

• Galan to commence a Scoping Study building from the learnings at HMW's PEA Study (released 21 Dec 2020) with an in-house team and Ad-Infinitum

• Results expected during Q4 2021

• All other activities at HMW for its Feasibility Study to continue as planned


The scoping study for the Candelas Project will be performed by Galan's in-house engineering team whilst Ad-Infinitum in Chile will oversee the chemical processing and other relevant study sections. The study is expected to be finalised during Q4 2021.

Galan's Managing Director Juan Pablo (JP) Vargas de la Vega said "We are very pleased with Candelas' modelling results for its lithium chloride concentrate. Results are showing that it can reach up to 6%Li with a low impurity setting which can provide commercial flexibility to production. To date, we have accumulated a significant amount of data from our detailed studies and testing at HMW which gives us the confidence to take Candelas into the scoping study phase. This next step is a natural step to complement our lithium inventory from the same salt flat with an aim to adding further value by investigating an increase in production levels for Galan."


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Galan Lithium


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.

Galan Lithium's Quarterly Activities Report JUNE 2021

The Board of Galan Lithium Limited ("Galan" or "the Company") is pleased to provide this Quarterly Activities Report for the quarter ended 30 June 2021 to the date of this report. The main focus for the quarter was the commencement of foundation feasibility works and the completion of proof-of-concept laboratory testing for its low carbon footprint brine evaporation process at its flagship Hombre Muerto West Project located in the South American Lithium Triangle in Catamarca, Argentina.

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Galan Lithium's Quarterly Activities Report JUNE 2021

The Board of Galan Lithium Limited ("Galan" or "the Company") is pleased to provide this Quarterly Activities Report for the quarter ended 30 June 2021 to the date of this report. The main focus for the quarter was the commencement of foundation feasibility works and the completion of proof-of-concept laboratory testing for its low carbon footprint brine evaporation process at its flagship Hombre Muerto West Project located in the South American Lithium Triangle in Catamarca, Argentina.

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Galan Acquires Option to Purchase Key Tenement at Hombre Muerto West

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purchase of the right to earn a 100% interest in the Casa Del Inca III lithium brine tenement. The acquisition increases and consolidates our Hombre Muerto West (HMW) project footprint located in the South American Lithium Triangle in Catamarca, Argentina (Figure 1).

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Positive Review at Galan’s 100% Owned HMW Project -Staged Pond Design Optimises Capex Profile

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a positive review and completion of some early milestones in the feasibility study foundation works at its flagship Hombre Muerto West Project (HMW Project) located in the South American Lithium Triangle. The activities completed during Q2 2021 were delivered on budget and on time utilising Galan's in-house team with support from relevant consultants.

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Galan Lithium's Quarterly Activities Report JUNE 2021

The Board of Galan Lithium Limited ("Galan" or "the Company") is pleased to provide this Quarterly Activities Report for the quarter ended 30 June 2021 to the date of this report. The main focus for the quarter was the commencement of foundation feasibility works and the completion of proof-of-concept laboratory testing for its low carbon footprint brine evaporation process at its flagship Hombre Muerto West Project located in the South American Lithium Triangle in Catamarca, Argentina.

Keep reading... Show less

Galan Acquires Option to Purchase Key Tenement at Hombre Muerto West

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purchase of the right to earn a 100% interest in the Casa Del Inca III lithium brine tenement. The acquisition increases and consolidates our Hombre Muerto West (HMW) project footprint located in the South American Lithium Triangle in Catamarca, Argentina (Figure 1).

Keep reading... Show less

Positive Review at Galan’s 100% Owned HMW Project -Staged Pond Design Optimises Capex Profile

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a positive review and completion of some early milestones in the feasibility study foundation works at its flagship Hombre Muerto West Project (HMW Project) located in the South American Lithium Triangle. The activities completed during Q2 2021 were delivered on budget and on time utilising Galan's in-house team with support from relevant consultants.

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Feasibility Foundation Work to Commence for Hombre Muerto West

Highlights:

  • Galan to commence foundation works for Hombre Muerto West (HMW) project to accelerate commencement of Feasibility Studies
  • SRK Consulting (Australia) to commence resource to reserves work
  • WPS Group (their team includes ex SQM hydrogeologist) appointed to support hydrogeological model at HMW
  • Ad-Infinitum preparation work has commenced on the Feasibility Study for the design of the lithium carbonate plant and a revised design of the evaporation ponds system
  • Commencement of aerial topography survey and design early works imminent
  • Greenbushes South JV field work commenced

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has commenced early foundation works for its feasibility study at its flagship Hombre Muerto West (HMW) project located in the South American Lithium Triangle in Catamarca, Argentina. It has also kicked off fieldwork associated with the Greenbushes South JV (GLN 80%- LIT 20%).

Galan’s Managing Director Juan Pablo (JP) Vargas de la Vega said: “It is all hands-on deck for the essential preparation of further geological data required to perform the Feasibility Studies for the Hombre Muerto West Project. Our commitment remains focused on getting HMW online as soon as possible. The work being undertaken by our consulting team of specialists will further strengthen the project by optimising our methods and increasing the confidence in our results to date.

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