Galan Lithium Ltd (ASX:GLN)

Galan Lithium Ltd (ASX:GLN)


Share Price
$ 0.18
Change
0 (0.00 %)
Market Cap
$23.28 m
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Galan Lithium Ltd

Galan Lithium Ltd (ASX:GLN), formerly Dempsey Minerals, is a mineral exploration company based in Western Australia. It is listed on the Australian Securities Exchange. 

 

 

EPIC: GLN
Market: ASX:GLN
52-week High/Low: A$0.680 / A$0.155
Sector: Mining
Market Cap: $23.28 m
Website: www.galanlithium.com.au
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Big Picture – A Deep Dive Examination of Galan Lithium Ltd


Galan Lithium Ltd Snapshot

Galan Lithium Ltd is an Australian based mineral exploration company established to generate shareholder wealth by identifying, acquiring and/or developing mineral projects.

Hombre Muerto Project

Blue Sky Lithium is a lithium exploration company with the rights to earn 100% interests in projects located in the world class Lithium Triangle region in Argentina.

Projects located in the Hombre Muerto Salt flat, adjacent to Galaxy Resources (mkt cap; A$1.2bn) and FMC Lithium Corp. (mkt cap; ~A$15bn). POSCO is a potential new entrant subject to part sale of GXY’s Sal de Vida project (ASX:GXY 29 May 2018)

The Hombre Muerto Salar is the premiere lithium brine basin in Argentina – high grade, low impurities, (Li:Mg <4) FMC El Fenix operation has been in production for over 20 years.

Targeting fast tracking to exploration with a potential JORC in Q2 2019 to achieve production of Lithium Carbonate.

(click here for more information on this project)


Alasehir (Turkey)

The Licence is located within the Alasehir Basin, an elongate Tertiary graben extending for ~100km. The basin shows many similarities with the prolific oil producing Tertiary basins of S.E Asia and the giant oil bearing African rift valleys.

Clastic reservoir sediments and rich source rocks reach thicknesses of over 3,000m with a high geothermal gradient ideal for early oil generation and entrapment.

Exploration on the Licence area has previously occurred in two phases. Four wells were drilled and 2D seismic work conducted from 1998-2001 by the Turkish National Oil Company. All four wells recorded good oil shows, including one oil blowout, which was capped.

(click here for more information on this project)


Greenbushes South

This project comprises one Exploration Licence application (E70/4629) covering a total area of approximately 43 km2. It is approximately 15kms to the south of the Greenbushes mine.

The Greenbushes mine has been producing lithium from the Greenbushes Lithium Operations for over 25 years.  It was established in 1983 and initially focussed on tantalum production but its primary product is lithium. The most recent public lithium resource for the mine was 119.4Mt @ 2.24% Li2O as at 30th September 2013.

The Greenbushes South project is considered prospective for lithium, tin and tantalum. It has similar mineralisation to what exists at the Greenbushes mine.

Most of the project is covered with laterite; which is known to mask pegmatites. However, field reconnaissance and mapping undertaken by Galan Lithium in and around the old historical tin mining areas has revealed remnant pegmatite characteristic within areas of outcropping lateritic duricrust. Exploration programmes are being planned and will commence upon grant of the tenement. The Company is seeking to expedite the grant.

 

Last updated 17th August 2018

Mr Nathan Bruce McMahon
Non-executive Chairman
B.Com

Mr McMahon has provided tenement management and corporate advice to the mining industry for over 30 years. Mr McMahon has specialised in native title negotiations, joint venture negotiations and project acquisition due diligence. Mr McMahon is a Director of several ASX listed companies. These include, joint Managing Director of Cazaly Resources Ltd and Chairman of Hodges Resources Ltd. Mr McMahon has had experience across a broad range of commodities including uranium, iron ore, gold, base metals and industrial minerals.


Mr Christopher William Chalwell
Non-executive Director
M.Aus.I.M.M

Mr Chalwell’s most recent role was Chief Operating Officer SKILLED Workforce Services Western Mining Region one of Australia’s largest services organisation where he had operational responsibility across Australia for a business unit. This role demanded leadership and commercial management to ensure the organisation continued to grow at a strong rate year on year. Chris has been involved in several mergers and acquisitions and managed several brands under the SKILLED Group.

Mr Chalwell has been involved in a range of significant projects in including the gas to coal conversion of the Mica Creek Power station in Mt Isa and the Pasminco Century Mine in far north Queensland. Mr Chalwell has extensive experience with feasibility studies, commercial reviews for project funding, contract appraisal and award. He has lead mine-commissioning activities for new mineral plants both from a technical and management aspect.


Mr Terry Gardiner
Non-executive Director
Dip.Fin.Servcies

Mr Gardiner has been involved in capital markets, stockbroking & derivatives trading for 20 years and prior to that had many years trading in equities & derivatives for his family accounts. He has also started and operated numerous small business ventures and is currently a Director of stockbroking firm Barclay Wells Limited.


Mr Jinyu (Raymond) Liu
Non-executive Director

Mr Liu is a qualified mining engineer with a commercial background and received his degree in Mining Engineering from University of Western Australia. He also holds a Master of Mineral Economics from Curtin University and a Western Australia Unrestricted Quarry Manager’s licence. Mr Liu is the founding Managing Partner of Havelock Mining Investment, a Hong Kong investment company and has been involved with numerous investments in ASX listed companies and is currently a Director of Okapi Resources Ltd. Previously, he has served as a Director of Fosun International Australia, a Chinese conglomerate and investment company. Prior to this, he held technical roles at Rio Tinto, KCGM and Mt Gibson Iron.


Juan Pablo Vargas de la Vega
Managing Director
CEO BSL

JP is a Chilean/Australian mineral industry professional with 15 years broad experience in ASX mining companies, stockbroking and private equity firms and holds a Masters in Mineral Economics from Curtin University, Perth. JP has been a specialist lithium analyst in Australia. JP has also operated a private copper business as in Chile and has also worked for BHP, Rio Tinto and Codelco.


Mr Mike Robbins
CFO/Company Secretary

Mr Robbins has well over 20 years resource industry experience gathered at both operational and corporate levels, both within Australia and overseas. During that time he has held numerous project level management positions as well as CFO and Company Secretarial roles with Cazaly Resources Ltd, Bannerman Resources Ltd, Moto Gold Mines Ltd and Asian Mineral Resources Limited.

 

Last updated 17th August 2018

In Person:
Level 2, 38 Richardson Street
West Perth WA 6005
Australia

By Mail:
Level 2, 38 Richardson Street
West Perth WA 6005
Australia

By Phone:
(08) 9322 6283 within Australia
+61 8 9322 6283 from overseas

By Fax:
(08) 9322 6398 within Australia
+61 8 9322 6398 from overseas

By Email: [email protected]

ACN: 149349646

Advanced Share Registry.

Website: www.advancedshare.com.au

Western Australia – Main Office
110 Stirling Hwy
Nedlands WA 6009

PO Box 1156
Nedlands WA 6909

Tel: (618) 9389 8033
Fax: (618) 9262 3723


New South Wales – Branch
Suite 8H
325 Pitt Street
Sydney NSW 2000

Tel: (612) 8096 3502

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