Galan Lithium Limited (ASX:GLN), a leading lithium production company, is excited to provide an update on the substantial progress of its Hombre Muerto West (HMW) Phase 1 lithium brine project. The company is on track to commence lithium chloride production in the first half of 2025, with several key milestones already achieved.
Project Highlights:
- Pond 1 Construction: Achieved an impressive 85% completion, with construction progressing on schedule.
- On-site Laboratory: Commissioned for ongoing lithium (Li) assaying, enhancing the efficiency and accuracy of mineral analysis.
- Liner Installation: The liner crew is set to mobilize, with the installation in Pond 1 slated to commence before the end of the year.
- Pond 1 Fill: Expected in Q1 2024, with the evaporation process scheduled to begin this summer.
- Pond 2 Construction: Anticipated to start before the year's end.
- Environmental Impact Assessment (EIA): Phase 2 EIA has been lodged with the Catamarca Government.
- Glencore Technical Due Diligence: Continues as part of the ongoing project assessment.
The HMW project, wholly owned by Galan Lithium Limited, is divided into four production phases. The initial Phase 1 Definitive Feasibility Study (DFS) is focused on producing 5.4ktpa LCE (Lithium Carbonate Equivalent) of a lithium chloride concentrate by the first half of 2025, in line with the approved production permits.
Subsequent phases of the project are set to significantly increase production capacity. The Phase 2 DFS aims for 21ktpa LCE in 2026, followed by Phase 3 targeting 40ktpa LCE by 2028. The final Phase 4 is projected to reach a production target of 60ktpa LCE by 2030, incorporating lithium brine sourced from both HMW and Galan’s other 100% owned project in Argentina, Candelas.
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:
“HMW Phase 1 construction progress is tracking along as planned. Galan’s experienced and competent construction team are entirely focused on delivering the first HMW production phase in H1, 2025 and remain enthusiastic and confident in doing so. The Pond 1 liner team is ready to mobilise with an expected commencement installation date in late December 2023 plus our onsite laboratory has just been commissioned for continual on site Li assaying as we move forward.”
About us:
Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina, within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina. It is home to the established El Fenix lithium operation (Livent Corporation) and the Sal de Vida (Allkem) and Sal de Oro (POSCO) lithium projects. Galan is also exploring at Greenbushes South in Western Australia, approximately 3 km south of the Tier 1 Greenbushes Lithium Mine.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
