Data Review Enhances Prospectivity at Galan’s Greenbushes South Lithium Project

Highlights:

  • CSIRO’s historical datasets show prospectivity for Galan’s Greenbushes South Lithium Project
  • Historical laterite geochemistry data collected prior to mining at Greenbushes
  • Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
  • Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
  • Galan to commence sampling and mapping at Greenbushes South next month

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.

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Galan Lithium’s Mineral Resource for Argentina Project Beats Expectations

Australian explorer and developer Galan Lithium (ASX:GLN) has published a mineral resource estimate for its Hombre Muerto West lithium brine project in Catamarca, Argentina, which has exceeded the company’s expectations of grade, purity and size.

Inferred mineral resources for the Pata Pila and Rana de Sal areas stand at 1,080,775 tonnes of contained lithium carbonate equivalent (LCE) grading 946 milligrams per liter (mg/l) lithium, with no cut off.

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High-Grade Maiden Lithium Resource Exceeds Expectations

Highlights:

  • Maiden Inferred mineral resource for Pata Pila and Rana de Sal of 1.08Mt of contained lithium carbonate equivalent (LCE) @ 946mg/l Li (no cut off) at the HMW project.
  • Resource estimate significantly exceeds Galan’s expectations of grade, impurities and size
  • Galan’s total combined mineral resource increased by 158% from 685kt LCE @ 672mg/l Li to 1.77Mt LCE @ 837mg/l Li
  • Potential for further resource estimates from Portofino option concessions to be assessed
  • Exploration upside exists for the remaining HMW concessions
  • Results strongly complement the Candelas Scoping and Pre-Feasibility Study with project synergies now being reviewed and upgraded
  • The Galan projects represent one of the highest grade/lowest impurity resources within Argentina

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is very pleased to announce the maiden JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West lithium brine project located in Catamarca province, Argentina. The resource estimate was completed by the Company’s consultants SRK Consulting (Australasia) and was conducted by their Australian based team.

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