- Galan Lithium (GLN) has completed early feasibility study works on its Hombre Muerto West Project in South America’s Lithium Triangle
- GLN says a positive review of the preliminary ponds design confirms a production rate of up to 25,000 tonnes a year of lithium carbon equivalent
- The company believes a staged pond design will help improve its capital expenditure (CAPEX) profile while lowering initial CAPEX
- It also ran additional evaporation tests to achieve high lithium chloride concentrate, with battery test work results expected soon
- Galan shares are trading up 1.64 per cent at 93 cents each at 12:10 pm AEST
Galan Lithium (GLN) has completed early feasibility study works on its Hombre Muerto West (HMW) Project in South America’s Lithium Triangle.
The company said it spent much of quarter two carrying out the review, hitting project milestones and carrying out foundation work.
GLN announced a review of the preliminary ponds design layout had confirmed that a production rate of up to 25,000 tonnes per annum of lithium carbon equivalent (LCE) was achievable.
It also said a staged pond design would help improve its capital expenditure (CAPEX) profile while lowering initial CAPEX.
Additionally, Galan carried out new evaporation tests and said it continued to achieve high grade lithium chloride concentrate in excess of 6 per cent lithium with low impurities.
GLN also revealed test work on battery grade lithium carbonate was delayed due to COVID-19, but the testing was advanced and due to be completed shortly.
Galan’s Managing Director Juan Pablo Vargas de la Vega said the aim was to begin production at Hombre as soon as possible.
“Galan continues to strengthen and broaden the flexibility of the HMW Project with a view to production as soon as possible,” Mr Vargas de la Vega said.
“The Galan team continues to look at solutions to grow and make HMW as robust and as low risk as possible by using proven technology.”
Shares in Galan Lithium were trading up 1.64 per cent at 93 cents each at 12:10 pm AEST.