Galan is well poised to produce valuable products from the highest grade and lowest impurity lithium brine deposit in Argentina. Pic via Getty Images.
Mining
Construction permits for Phase 1 at Galan’s Hombre West lithium project have been granted, demonstrating a major development in the history of the company and major steps towards production.
The granting of permits means full construction can now begin with the aim of delivering lithium chloride production in the first half of 2025 at the Hombre Muerto West (HMW) project – the highest grade, lowest impurity lithium brine project in Argentina, South America.
Galan Lithium (ASX:GLN) managing director Juan Pablo (JP) Vargas de la Vega says the company is proud to be sharing this moment with the Government of the Catamarca Province.
“The government and its officials have been on the journey from the start and have always acted very professionally through the whole approval process,” he explains.
“These permits cover the full Phase 1 DFS production rate of 5.4ktpa LCE including full spec ponds design and size plus the carbonate plant using the lithium concentration feed from the existing ponds already built.
“All required infrastructure is also approved, which means it is all systems go to we meet our production target in H1 2025.”
The HMW DFS was separated into two phases, with the initial Phase 1 of the DFS focusing on the production of a lithium chloride concentrate, as governed by the production permits just approved.
The optimisation work continues and will culminate in the release of a Phase 2 DFS in September 2023, addressing a full 20ktpa LCE production rate.
GLN chairman Richard Homsany says the company is not only excited about the robust financial outcomes for shareholders, but for the Catamarca community and stakeholders in the region who will benefit economically and socially.
“We look forward to continuing to work in cooperation with the Catamarca government to maximise the positive impact of Galan’s mining and processing operations in the community, and ensure it is sustainable and will endure over the longer term,” he adds.
This article was developed in collaboration with Galan Lithium, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
