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- Galaxy Resources (GXY) has detailed milestones at its three key projects ahead of releasing its quarterly results on Wednesday
- In Western Australia, the lithium company ramped up operations at the Mount Cattlin project in Ravensthorpe to nameplate capacity
- Following completion of a preliminary economic assessment for James Bay, Galaxy kicked off engineering works for the spodumene project in Canada
- Finally, at its Sal de Vida lithium brine project in Chile, Galaxy is progressing piloting and production wellfield drilling and is soon to release a full project description and financial metrics
- Shares have been trading 9.4 per cent higher at $3.26
Galaxy Resources (GXY) has detailed milestones at its three key projects ahead of releasing its quarterly results on Wednesday, April 21, 2021.
Mount Cattlin
In Western Australia, the lithium company ramped up operations at the Mount Cattlin project in Ravensthorpe to nameplate capacity, hitting 46,588 dry metric tonnes (dmt) of lithium concentrate at 5.8 per cent lithium oxide.
Galaxy also shipped 29,917 dmt of lithium concentrate during the March quarter, A shipment in April, however, was delayed due to the vessel arriving late.
James Bay
At James Bay in Quebec, Canada, the preliminary economic assessment was completed, which the company said demonstrated the project would be a competitive spodumene operation.
Galaxy has now kicked off engineering works, to advance the project to the ‘construction-ready’ stage later this year.
Sal de Vida
Finally, at its Sal de Vida lithium brine project in Chile, Galaxy is progressing piloting and production wellfield drilling. The company also flagged it is set to release a full project description and financial metrics before releasing its quarterly activity report on April 21, 2021.
Shares have been trading 9.4 per cent higher at $3.26 at 11:07 am AEST.
