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Galan Lithium making its mark on 'one of the best places in Argentina's lithium triangle'

Galan Lithium Ltd (ASX:GLN) managing director JP Vargas speaks to Proactive Investors about the explorer’s potentially large scale Salar de Hombre Muerto Lithium Project in Argentina’s Catamarca Province, also known as the ‘lithium triangle.’

“The Hombre Muerto basin is one of the best places in the lithium triangle, and has the perfect combination of high grade lithium with one of the lowest [levels of] impurities… this translates into low operating costs once you’re up an running. To us this [project] is ticking a lot of boxes,” Vargas says.  

Notably, tenement neighbour Galaxy Resources Limited (ASX:GXY) just executed a deal to sell some of its land to POSCO for $280 million.

Galan has been de-risking the project through soil sampling and geophysics, and expects drilling permits to be granted by October. The company anticipates drilling targets before the end of this calendar year, with a maiden JORC resource announcement planned before the end of the financial year.

Quick facts: Galan Lithium Ltd

Price: 0.205 AUD

Market: ASX
Market Cap: $32.66 m

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Galan Lithium makes new discovery at Candelas project in Hombre Muerto

Galan Lithium Ltd (ASX:GLN) advisor Clive Jones speaks to Proactive Investors about the company's new discovery at the Candelas Lithium Brine Project in Agrentina's Hombre Muerto region. Drilling is ongoing, and more detailed sampling and downhole geophysics will be undertaken.

on 13/2/19

2 min read