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viewGalan Lithium Ltd

Galan Lithium's conductivity surveys highlight potential of Western Basin projects

Snapshot

Conductive units are also coincident with confirmed high Li grade/low impurity brines returned from recent drilling.

Galan Lithium Ltd -

Quick facts: Galan Lithium Ltd

Price: 0.48 AUD

ASX:GLN
Market: ASX
Market Cap: $115.23 m
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  • Galan Lithium is a lithium exploration company
  • Company has rights to earn 100% of projects in the lithium triangle region in Argentina.
  • Projects located in the Hombre Muerto Salt flat, the premier lithium brine basin in Argentina
  • A potential resource estimate targeted due shortly

How it’s doing

Conductivity surveys at Pata Pila and Rana del Sal confirmed the presence of highly conductive horizons consistent with extensive geological units saturated with brine, the company said in December.

Conductive units are also coincident with confirmed high Li grade/low impurity brines returned from recent drilling.

Results will help company consultants SRK (Australia), to estimate maiden resources for the Western Basin projects.

Galan Lithium Limited (ASX:GLN) added that the Rana de Sal and Pata Pila licences covered large alluvial fan areas lying adjacent to Livent Corporation’s tenure, covering the western margin of the Hombre Muerto salar.

Recent drilling returned significant intercepts of high grade/low impurity lithium-bearing brines.

In October, Galan released its maiden JORC (2012) compliant mineral resource estimate for the Candelas lithium brine project in Catamarca province, Argentina.

The indicated mineral resource estimate for the higher grade Candelas North zone is 684,850 tonnes of contained lithium carbonate equivalent (LCE) product grading at 672mg/l Li (at 500mg/l Li cut off).

“The resource estimate exceeds the company’s expectation and forms a solid basis to advance the pre-feasibility study at Candelas

The resource was achieved just eight months following commencement of drilling and represents one of the highest grade/low impurity lithium brine resources within Argentina

There are additional lower grade resources at Candelas North and Candelas Central Zones.

Inflexion points

Maiden resource at Western Basin projects

The pre-feasibility study gets underway at Candelas

A$2.5 million cash at end of September

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