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General mining & base metals

Galaxy Resources outlines next lithium shipping date

Earlier in the week Galaxy raised A$61 million in a placement.

Galaxy Resources (ASX:GXY) has reached 90% of nameplate throughput with peak feed rate at 95% of design.

The company said that it will continue to increase its throughput and is expected to reach the nameplate design of 210tph within the next week.

Galaxy has scheduled its second lithium concentrate shipment for late February.

The shipment will contain an anticipated 15,000 WMT (plus or minus 10%) with product grade averaging 5.5% Li2O and a low 2% mica concentration.

Recent feed grades of 1.1-1.3% are in line with reserve modelled grades.