Skip to content
Finance Investment, Oil Mining Resources

Galan Lithium Limited (ASX:GLN) – Greenbushes South Drilling Update

Galan Lithium Limited (ASX:GLN) 2 mins read

Galan Lithium Limited (ASX:GLN) ("Galan" or "the Company") is excited to share an update on its extended maiden diamond drilling program at the 100% owned Greenbushes South project in Western Australia. The final assay results have validated the Company's exploration model for targets, employing innovative geophysical methods to identify blind pegmatites at depth and the rock types associated with spodumene mineralisation.

While the drilling has not yet identified significant lithium mineralisation, these results will enable Galan to plan more focused and cost-effective future exploration.

About Fry’s Block

Prior to drilling, a ground-based geophysical campaign was executed. The target area, "Fry’s Block", was chosen due to its favourable land access, high lithium concentrations in soils, and outcropping pegmatite. Galan collaborated with NewGen Geo Pty Ltd to assess geophysics applications for detecting Li-bearing pegmatites. A trial program was designed over the Fry’s Block prospect, which provided easy access to outcropping pegmatites of varying thicknesses. Ground gravity and resistivity surveys were then applied to determine pegmatite locations beneath the lateritic cover. Following this, the Company announced its 2,500-metre drilling campaign.

Extension of the Maiden Drill Programme

Galan successfully completed its initial diamond drilling campaign at Fry’s Block. However, the drilling was extended into a second phase to further validate the exploration model and to leverage the logistics, mobilisation, and continued availability of the drilling team. The final assay data set for FDD008 pegmatite intersections has been thoroughly analysed by the Company.

Approximately 25% of the recovered rock drill core was classified as pegmatite, characterised by an abundance of minerals associated with the spodumene-bearing pegmatites at Greenbushes. Assay results indicate a strong fractionation trend, suggesting potential for Sn (tin) and W (tungsten) mineralisation in granite and, in some cases, other rare metal mineralisation.

Validation of Exploration Model

While the intersected pegmatite is not significantly enriched in lithium, caesium, and tantalum, it does indicate a trend towards enrichment in these elements. This suggests that the pegmatite may be related to the Greenbushes pegmatite.

Planning for the Next Drill Campaign

Following these results, Galan is in the process of developing additional targets for its next Greenbushes South drilling campaign. The Company has successfully engaged with primary stakeholders to secure strategic land access in the region, allowing for continued exploration closer to the Donnybrook-Bridgetown Shear Zone. Galan is also planning to collaborate with NewGen Geo Pty Ltd for another geophysical campaign and recalibration of previous drill core data, aiming to identify new host rocks and targets.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Business Company News, Finance Investment
  • 15/01/2025
  • 11:30
Wednesday 15 January 2025

IFM INVESTORS ANNOUNCES SIGNIFICANT GROWTH INVESTMENT IN SPLEND

IFM Investors is pleased to announce a significant investment in Splend Group Pty Ltd (Splend), an Australian-owned company that is a leading provider of subscription vehicles to rideshare drivers across Australia and the United Kingdom. IFM’s Growth Partners Fund 2 is investing in Splend alongside HESTA (through HESTA’s mandate with IFM) and other co-investors, to acquire a stake of 49% in the company. Founded in 2015, Splend has one of the largest electric vehicle fleets in Australia and is supporting rideshare drivers to adopt lower emission vehicles through its all-inclusive flexible finance and ownership offerings whilst improving their earnings capacity.…

  • Business Company News, Finance Investment
  • 15/01/2025
  • 10:35
ABX Group (ASX: ABX)

ABx Group’s subsidiary, ALCORE, enters into agreement with Rio Tinto Aluminium to establish continuous pilot plant near the Bell Bay aluminium smelter in northern Tasmania.

ABx Group Limited (ASX: ABX) ("ABx" or "the Company") and its 83%-owned subsidiary, ALCORE Limited ("ALCORE"), are pleased to announce that it has entered into a lease agreement with Rio Tinto Aluminium Limited for an industrial facility adjacent to its Bell Bay aluminium smelter in northern Tasmania. ALCORE will establish a pilot plant at the facility to demonstrate its world-first proprietary process to produce industrial chemicals, including hydrogen fluoride, from a waste product created during the aluminium smelting process. In the planned subsequent commercial plant, hydrogen fluoride will be converted to aluminium fluoride, an essential chemical for aluminium smelting that…

  • Contains:
  • Finance Investment, Taxation
  • 15/01/2025
  • 10:05
Tax Practitioners Board

New Administrative Review Tribunal affirms TPB decision to protect public interest

The new Administrative Review Tribunal (ART) has rejected an application on appeal by former Gold Coast tax agent, Philippe Colin (also known as Phil Colin) to overturn the Tax Practitioners Board’s (TPB) decision to terminate his registration and impose a 4-year ban from reapplying. Mr Colin’s registration was terminated after the TPB found he had breached 5 items of the Code of Professional Conduct (Code) and no longer satisfied the fit and proper person requirements to be registered. A TPB investigation ascertained Mr Colin lodged amendments to clients’ income tax returns without their authorisation and claimed unsubstantiated deductions despite receiving…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.