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Companies Presenting at 2025 RIU Explorers Conference Already Have News to Report

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THE CONFERENCE CALLER: Companies presenting at the upcoming 2025 RIU Explorers Conference have been busy in the lead up to the event.

Here’s a brief sample of what has been happening across the sector thus far this year.

 

 

 

Coda Minerals to Commence High-Impact Drilling at Elizabeth Creek

Coda Minerals (ASX: COD) is on the march in readiness for a high-impact exploration drilling program at the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project (ECCCP) in South Australia.

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Dreadnought Resources Consolidates Mangaroon Tenement Holdings

Dreadnought Resources (ASX: DRE) continues to expand its Mangaroon project in Western Australia.

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Spartan Resources Kicks Off NY with Major Dalgaranga Drilling Program

Spartan Resources (ASX: SPR) has kicked off 2025 in style with a raft of activity at the company’s 100 per cent-owned Dalgaranga gold project (DGP), located in the Murchison region of Western Australia.

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Caspin Resources to Commence Bygoo Tin Project Drilling

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) is set to commence its first drilling campaign at the company’s recently acquired, 100 per cent-owned Bygoo tin project in New South Wales.

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Galan Lithium Increases Candelas Mineral Resources

Galan Lithium (ASX: GLN) announced a material increase in the JORC (2012) Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Candelas project in the Catamarca Province of Argentina.

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New World Resources Identifies Gold-Rich Alteration Zone at Antler Deposit

New World Resources (ASX: NWC) reported identifying additional gold mineralisation at the y’s Antler Copper project in Arizona, USA.

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Warriedar Resources Drills High-Grade Gold Across Multiple Shears

Warriedar Resources (ASX: WA8) has identified a new gold zone within the company’s Golden Range project in Western Australia.

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Galan Lithium Increases Candelas Mineral Resources

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) announced a material increase in the JORC (2012) Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Candelas project in the Catamarca Province of Argentina.

Galan Lithium reported a robust Scoping Study result for Candelas in October 2019 using a MRE of 685,000 tonnes Lithium Carbonate Equivalent (LCE) as the basis for the study.

The updated MRE has come in at 1.6 million tonnes LCE, which the company believes.

o Enhances the economic potential of Candelas.
o Provides a foundation for assessing other commercialisation options for Candelas, including larger-scale evaporation systems and/or alternative lithium extraction technologies.
o Highlights significant potential for further growth of the Candelas Mineral Resource, which could underpin further development and growth phases.

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

“With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.

“Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Provides HMW Project Update

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THE BOURSE WHISPERER: Galan Lithium (ASX: GLN) updated us all on recent progress made at the company’s 100 per cent-owned Hombre Muerto West (HMW) Phase 1 lithium brine project in Argentina.

Galan Lithium has continued its lithium inventories build in the HMW Phase 1 ponds, in line with Feasibility Study expectations, which will provide the feedstock for the HMW processing plant.

The company has now reached 40 per cent completion of the HMW Phase 1 project with the ponds system sitting at 60 per cent capacity.

The designed ponds system can allow an inventory, until H2 2025, of up to 10,000 tonnes per annum lithium carbonate equivalent (LCE) without the need for processing.

The approximate 750,000 square kilometres of evaporation area that has been built, currently holds 2,800 tonnes LCE contained inventory.

This current evaporation area is sufficient to produce a lithium chloride volume of approximately 3,000 tonnes per annum LCE.

Having slowed the pace of construction activities to save cash, Galan now expects first production from HMW to be within H2 2025.

“We are very proud of the solid progress made to date especially in light of current market conditions,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“During this time, the Board also made the prudent decision to strategically slow construction activities so as to preserve our cash.

“Our current in situ inventory of 2,800 tonnes LCE has been the first step of our production pathway.

“Our inventory will continue to increase as we have a low energy cost operation that only requires brine pumps to operate.

“As a result, once Galan finalises sales and funding arrangements, which are progressing well, the company will be in a strong position to produce a competitive low-cost lithium product.

“It should also be noted that we have received strong international market interest in our HMW lithium concentrate.

“In our view, this evidence indicates that the current lithium pricing environment and market oversupply is not expected to be a long term trend.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Increases HMW Resource to 8.6Mt LCE

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) managing director JP Vargas de la Vega eventually flew into Singapore in time for the company to announce an increase to the JORC (2012) reported Mineral Resource estimate for the company’s’ Hombre Muerto West project located in Catamarca Province, Argentina.

Galan Lithium has now increased its 100 per cent-owned Mineral Resources to 8.6 million tonnes of contained lithium carbonate equivalent (LCE) at 859mg/L lithium (previously 7.3Mt LCE @852mg/L Li).

The company has declared this to now be one of the highest-grade resource estimates in Argentina.

“This latest significant upgrade 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.

“The initial HMW resource in March 2020 was 1.08 million tonnes LCE at 946mg/L lithium, upgraded in May 2023 to 6.6 million tonnes LCE at 880mg/L lithium.

“This has now been increased a further approx. 20 per cent to a tier one size of 8.6 million tonnes LCE at 859mg/L lithium, with the inclusion of our Catalina tenements.

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

“The HMW Project is robust and underpinned by strong financial metrics as illustrated in its Stage 1 and Stage 2 DFS results.

“We constantly evaluate opportunities to increase the value of the HMW Project in parallel with continuing to construct Stage 1 as we look forward to first commercial production in 1H 2025.”

The updated HMW Mineral Resource was supported by new core porosity data from Santa Barbara, Casa del Inca III and Del Condor tenements.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Phase 2 DFS Confirms Tier One Status of HMW Project

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) reported results of a Phase 2 Definitive Feasibility Study (DFS) for the company’s 100 per cent-owned Hombre Muerto West (HMW) project in Catamarca Province, Argentina.

Galan Lithium explained the HMW project DFS was separated into two phases with the initial Phase 1 DFS based on a production level of 5.37ktpa lithium carbonate equivalent (LCE) in the form of lithium chloride concentrate (as governed by the production permits).

The Phase 2 DFS has increased the overall annual production rate to 20,851 recoverable tonnes LCE, contained in a concentrated lithium chloride product for a period of 40 years.

Tier one Phase 2 DFS results demonstrate the HMW project can produce a premium high-grade lithium chloride (LiCl) concentrate of 6 per cent lithium, comparable to 13 per cent lithium oxide (Li2O) or 32 per cent LCE in H2 2026.

“The release of the Phase 2 DFS for Hombre Muerto West clearly demonstrate the world-class nature of Galan’s 100 per cent-owned project,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“The production volumes and low cost of production from HMW means it is truly worthy of being considered a tier one lithium brine project.

“These results fully support our DFS re-evaluation process and long-term production strategy, delivering a high-quality lithium chloride product into the market and providing Galan with strong early cash flows.

“The Board is delighted to report these outstanding financial outcomes for the project Phase 2 DFS which are robust and include an approximate 2.9-year payback and a USD 2 billion Project NPV.

“Construction of Phase 1 is already well underway with the first evaporation pond already 15 per cent complete.

“Galan looks forward to updating shareholders and investors as development continues into future phases to accelerate and ramp up production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Galan Lithium Increases HMW Project Resources

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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

 

Galan Lithium Moves to Full Ownership of Candelas Project

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) managing director JP Vargas de la Vega is always up for a chat and next week at the RIU Explorers Conference will be no exception.

Vargas de la Vega will no doubt be enthusiastic to spruik the company’s progression to 100 per cent-ownership of the Candelas project in the Catamarca Province, Argentina.

A PEA Study completed in 2021 estimated a production profile for Candelas of 14,000 tonnes per annum of battery grade lithium carbonate product including some technical grade product for the first three years.

The Candelas project is supported by a full Preliminary Economic Assessment (PEA) and a JORC 2012 Resource and is close to the company’s Hombre Muerto West project.

“The Candelas project was our first project foray into Argentina, and we now have final full ownership of the project,” Vargas de la Vega said in the company’s ASX announcement.

“Over the journey, our focus has understandably been on Hombre Muerto West but once we complete the DFS and associated works and infrastructure projects we will move forward on Candelas.

“With our five years of lithium knowledge in the region, we will initially re-visit all our geological data and analysis.

“Don’t forget, Candelas is a stand-alone, lithium brine project in the Catamarca province, with no water access concerns, that shows robust economic returns.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Reports Successful 2022 Pumping Test Program

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THE DRILL SERGEANT: Galan Lithium announced completion of the company’s 2022 brine pumping test campaign at the HMW Project in Catamarca Province, Argentina.

A total of three production pumping wells were completed during the second half of 2022 – two at Pata Pila (PPB-01-21 and PPB-02-22) and one at Rana de Sal (PBRS-01-21)

The results from the three production wells tested at HMW, confirmed that the HMW Project is ready to provide the brine flow and quality for the 4,000 tonnes per annum LCE pilot development.

Strong extraction and production well chemistry results from all three long-term brine pumping tests support the Definitive Feasibility Study (DFS) as it approaches completion.

Further exploration drilling and sampling has continued across the HMW Project tenements to complement surface geophysical work.

“The positive long-term pumping brine test results are extremely significant by providing certainty of brine flow extraction, lithium grade, and cementing the HMW reserve model,” Galan Lithium exploration manager Álvaro Henríquez said.

“We have further demonstrated a high production capacity at both Pata Pila and Rana de Sal.

“Importantly, we have extended the reservoir quality throughout the main (uphill) alluvial deposits of Pata Pila.

“Recent results at Pucara de Salar also show further potential to expand the total HMW Project resource and reserve.

“All of the above factors, keep adding empirical support for the world-class nature of the HMW Project and its continued rapid advancement and development to production.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Claims New Pegmatite Discovery at Greenbushes South Project

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) claimed discovery of a new outcropping pegmatite with 500m-plus strike length at the Greenbushes South lithium project in Western Australia.

Greenbushes South is a Joint Venture between Galan (80%) and Lithium Australia (ASX: LIT) (20%).

The company reported there are further strong indications that this pegmatite remains open and continues along strike and builds on the previous pegmatite discovery announced in June.

“Initial exploration outcomes at Greenbushes South have been excellent,” Galan Lithium managing director JP Vargas de la Vega said in the company’s ASX announcement.

“The team is understandably excited about the fact that airborne geophysical targeting has successfully driven our field mapping and sampling focus, and already led to multiple new sizeable pegmatite outcrops being discovered.

“It is also important to note that the discovered pegmatites have similar macroscopic mineralogy to those pegmatites described at the Greenbushes Lithium Mine to the north.

“Today’s results take us a step further.

“We now have confirmation of anomalous lithium concentration levels in the soil samples that were taken over the initial pegmatite discovery at the GS11 target zone.

“Geological mapping and geochemical sampling activities are ongoing.

“There are further soil and rock sample assays pending, including those to be submitted from our newest pegmatite discovery.

“We have also launched a pilot ground geophysics program to overlay our exploration targeting efforts at Greenbushes South.

“All of this work is driving us towards the key outcome of premium target locations for our initial drilling program.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: email@galanlithium.com.au

 

Web: www.galanlithium.com.au

 

Galan Lithium Drills HMW Project Extensions

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) has its latest drilling campaign underway at the company’s 100 per cent-owned Hombre Muerto West lithium project (HMW) located on the Western Basin of the Hombre Muerto salar in Catamarca Province, Argentina.

The first diamond drillhole of the program, PP-02-22, was completed at Pata Pila to a final depth of 450m.

The hole was designed to extend the company’s knowledge in the Pata Pila licence area to enable it to build-out the hydrogeological models required to confirm Reserve estimates at the HMW project.

The drillhole was designed to provide key geological data for testing extension to the existing HMW project Mineral Resource, in both horizontal and vertical dimensions, from the salar limits.

Galan Lithium declared the results from PP-02-22 delivered substantial confirmation of, and further potential upside to, the existing Mineral Resource estimate at the HMW project.

These results are set to be incorporated into an updated Mineral Resource estimate for the HMW project, which is on track for completion during Q3 CY2022.

“This exploration diamond hole has further unlocked the potential of the world-class lithium brine resource held at the HMW project,” Galan Lithium managing director Juan Pablo (JP) Vargas de la Vega said in the company’s ASX announcement.

“The results have enhanced our hydrogeological modelling, a key to confirmation of Reserve estimates, and delivered further Mineral Resource upside at HMW.

“Following the new exploration target areas identified by the recent TEM geophysical survey, we now look forward to aggressively drilling these additional potential HMW Mineral Resource expansion zones from this quarter through the rest of 2022.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@galanlithium.com.au

Web: www.galanlithium.com.au