Galan Lithium Increases HMW Project Resources

THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced a further consolidating increase to the JORC 2012-compliant reported Mineral Resource estimate for the company’s Hombre Muerto West project (HMW Project) located in Catamarca Province, Argentina.

This is Galan’s fourth upgrade for the project that has again increased the global JORC Resource inventory as well as elevating the JORC Resource category and confidence in the HMW Resource inventory.

The company said the latest resource upgrade enhanced its objective to achieve the conditions necessary to commence construction and commercial production at HMW in the shortest practical timeframe.

The HMW Measured Mineral Resource now exceeds 4.7 million tonnes of contained lithium carbonate equivalent (LCE) product grading 873mg/L lithium.

The total HMW Mineral Resource (Measured + Indicated + Inferred) has increased by approximately 14 per cent to now sit at over 6.6 million tonnes of contained LCE grading at 880mg/L lithium.

“This latest increase in the high grade, low impurity HMW Resource highlights the potential enormity of the brine resource that sits within Galan’s 100 per cent owned tenements in Argentina,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We have continued to acquire tenements and continued to drill holes since our maiden resource was announced at HMW.

“The initial HMW resource in March 2020 was 1.08 million tonnes at 946Mg/L lithium.

“This now sits at a world class size of 6.6 million tonnes contained LCE at 880mg/l lithium.

“Coupled with our Candelas resource, Galan has a very solid foundation, and more importantly confidence, that its Hombre Muerto Salar resources fully support its four-stage lithium production target of up to 60,000 tonnes per annum LCE.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE