The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Galan’s Mineral Resources grow to 9.5 Mt LCE

by admin January 29, 2025
January 29, 2025
Galan’s Mineral Resources grow to 9.5 Mt LCE

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a material increase in its JORC (2012) Mineral Resource estimate for its 100% owned Candelas Project (Candelas or the Project) located in the Catamarca Province, Argentina. Galan engaged SRK Consulting (Australasia) Pty Ltd (SRK) to update the Mineral Resource Estimate (MRE) of Lithium Carbonate Equivalent (LCE) and potassium chloride equivalent (KCl).

  • 100% owned Candelas Mineral Resource grows by more than 150% to 1.6Mt LCE.
  • Galan’s Hombre Muerto resource position (9.5 Mt LCE) places it within the top 10 of lithium construction and production projects globally (1)
  • Material increase at Candelas provides greater optionality in commercialising the Project
  • Significant upside potential also identified to further enhance the latest Candelas Mineral Resource

In late 2024, Galan completed surface mapping and undertook additional geophysics over Candelas and its surrounding environs. Based on this additional geoscience data, SRK remodelled the hydrogeological domains and re-estimated mineral resources for lithium, potassium, LCE, and KCl (potash), leading to the material increase in the Candelas MRE Estimate (Table 1).

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan. We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

On behalf of the Board and myself, I would like to thank our team and our consultants. 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.”

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Fabi Lara: Uranium Thesis is Back, How to Play “Massive” Disconnect
next post
Halleck Creek Resource Expands to 2.63 Billion Tonnes with Higher Grades

Related Posts

Euro Manganese Enters 7 Year Offtake Deal with...

August 23, 2024

Battery-Grade Lithium Carbonate Produced from McDermitt

July 31, 2024

E25’s High-Purity Manganese Project Selected for US$166M Grant...

September 24, 2024

Eclipse Metals

March 27, 2024

When Will Copper Go Up?

February 7, 2024

McEwen, Meding: Gold Sector Poised to Move, Copper...

June 7, 2024

Forward Water Technologies Chosen to Advise CleanTech Lithium...

January 13, 2024

Company Update

August 12, 2024

SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium...

January 16, 2025

Cleantech Market Update: Q1 2024 in Review

April 25, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,402)
    • Investing (3,381)
    • Politics (4,562)
    • World (4,498)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved