Galan Lithium Ltd
ASX:GLN
Australian based international mining company developing high grade lithium brine projects in the lithium triangle region of S America.
Overview
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ASX listed lithium development company, one of the only advanced lithium development companies that remains independent.
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Hombre Muerto Salar is based in the world eminent Lithium Triangle in Argentina.40% of the world’s annual production of lithium comes from brines in the Atacama and Hombre Muerto salars.
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A$50m announced in August puts company in a strong position to advance the Hombre Muerto project.
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Hombre Muerto West Project Large scale land package in proven salar; 14km by 1-5km to the the west of the Hombre Muerto salar neighbouring Livent Corp to the east.
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HMW is currently comprised of seven concessions – Pata Pila, Rana de Sal, Deceo III, Del Condor, Pucara, Catalina and Santa Barbara.
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Candela Project around 15km long by 3-5km wide valley filled channel which project geophysics and drilling have indicated the potential to host a substantial volume of brine and over which a maiden resource estimated 685kt LCE (Oct 2019). Like Hombre Muerto West has high grade and low impurity potential with a maiden resource at 672mg/l Li..
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Greenbushes South JV This project is based in Australia and covers approximately 43km², approximately 15kms to the south of the Greenbushes mine.
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Galan to acquire 80% of the Greenbushes South Lithium Project from Lithium Australia NL. The acquisition secures and consolidates a significant package of exploration ground of 396km² for spodumene deposits