THE CONFERENCE CALLER: Galan Lithium Limited (ASX: GLN) released the maiden JORC (2012) compliant Mineral Resource estimate for the Candelas lithium brine project located 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 lithium(at 500mg/l Li cut off).
The company said the Indicated Resource forms a solid basis for an upcoming Pre-Feasibility Study and has exceeded its expectations by further validating the high-grade, low impurity nature of the Candelas project and our strategy to fast-track Candelas towards commercial development.
With further drilling, Galan is confident of delivering future upgrades to this resource.”
The Resources Roadhouse was able to catch up with Galan Lithium managing director at the recent RIU Resources Roadshow in Melbourne.
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Galan Lithium also recently announced preliminary assay results from its maiden drill hole at Pata Pila, which forms part of the company’s Western Basin projects located on the Hombre Muerto salar in Argentina.
Galan Lithium’s Pata Pila licence covers a large alluvial fan adjacent to Livent Corporation’s (NYSE: LVHM) tenure covering the western margin of the Hombre Muerto salar.
The drillhole intercepted several brine horizons varying from 25m to 258m in thickness and was completed at 718 metres after encountering basement at a depth of 713 metres.
Preliminary results from four samples returned consistent, high lithium grades greater than 900mg/l lithium with low impurity levels.
Galan Lithium is confident that Galan has the potential to increase its lithium resource inventory beyond its Candelas project.