THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has sharpened its focus on the company’s Hombre Muerto West lithium project in Argentina.
Galan Lithium made the adjustment following the completion of preliminary predictive modelling for brine concentration through an evaporation ponds system at the HMW project.
Results indicate concentrate with up to a 4.8 per cent lithium (or 25.6% Lithium Carbonate Equivalent (LCE)) can be obtained including high lithium recovery and low impurities.
Galan declared HMW has the potential to be a world class lithium brines project.
“The preliminary modelling results for HMW confirm that it is a higher priority development project than Candelas,” Galan Lithium managing director JP Vargas de la Vega said in the company’s announcement to the Australian Securities Exchange.
“Our efforts are now fully focussed on developing an economic and competitive project at Hombre Muerto West.
“Importantly, due to the project’s high-grade/low-impurity settings, Galan’s HMW project ranks very favourably amongst new developing lithium brine projects in the world-renowned lithium triangle.
“We fully believe in our special project and are primarily focused on proving that HMW can and will be, a future lithium producer.
“We remain on track to deliver our PEA/Scoping Study in Q4 2020.
“We look forward to continuing to optimise results and to test work further solutions once we have our brine delivered to the laboratory.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE