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- Galan Lithium (GLN) has begun a Preliminary Economic Assessment (PEA) at its Hombre Muerto West (HMW) Project in Argentina
- This PEA will generate the development of the engineering, operating costs, and capital cost estimates required for a scoping study
- The scoping study will then assess the production of battery grade and technical grade lithium carbonate from the project
- Galan Lithium is down 3.57 per cent today with shares trading for 13.5 cents each
Galan Lithium (GLN) has begun a Preliminary Economic Assessment (PEA) of its Hombre Muerto West (HMW) Project in Argentina.
The HMW Project lies on the western shores of Hombre Muerto, a lithium-bearing evaporated Lake in Argentina.
It hosts the world’s largest reserves of lithium with 60 per cent of global annual production coming from this project.
This PEA will generate the development of the engineering, operating costs, and capital cost estimates required for a scoping study which will assess the production of battery grade and technical grade lithium carbonate from the project.
“This appointment and subsequent commencement of the PEA is another step forward for Galan. At the completion of the PEA, we aim to have a high-level blueprint to production from a company with one of the most experienced lithium brine project teams in the world,” Managing Director J P Vargas de la Vega said.
“The company has come a long way in a short time, in perspective and despite constraints, it has been less than 18 months since the first hole was drilled in Argentina,” he added.
Galan Lithium is down 3.57 per cent today with shares trading for 13.5 cents each.
