Galan Lithium Limited
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What Are the Key Highlights of Galan Lithium's HMW Phase 1 Construction Update?
Galan Lithium Advances HMW Phase 1 Construction, Eyes Maiden Production in 2025
Galan Lithium Limited, an emerging player in lithium exploration and development, has provided an encouraging update on its Hombre Muerto West (HMW) Phase 1 lithium brine project. The company is on track to commence lithium chloride production in the first half of 2025.
Key Highlights of Construction Progress
Pond 1 Advancements: The construction of Pond 1 is proceeding as scheduled, with an impressive 85% completion achieved. This marks a significant milestone in the project timeline.
Laboratory Commissioning: An on-site laboratory has been set up and is operational for continuous lithium assaying, ensuring quality control and efficient processing.
Liner Installation: The liner crew is prepared to mobilize, with installation in Pond 1 slated to begin before the end of this year.
Pond 2 Developments: Construction of Pond 2 is expected to kick off before the year concludes, signaling a steady progression in the project.
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Environmental Impact Assessment (EIA): The Phase 2 EIA has been lodged with the Catamarca Government, aligning with regulatory requirements and environmental considerations.
Glencore Due Diligence: Technical due diligence by Glencore, a significant player in the resources sector, is ongoing, indicating potential strategic partnerships or investments.
Phased Approach to Lithium Production
Galan Lithium has strategized its HMW project into four production phases. The initial Phase 1 DFS (Definitive Feasibility Study) aims to produce 5. 4ktpa LCE (Lithium Carbonate Equivalent) of lithium chloride concentrate by H1, 2025. Subsequent phases include:
Phase 2: Targeting 21ktpa LCE production in 2026.
Phase 3: Aiming for 40ktpa LCE by 2028.
Phase 4: Envisioned to reach 60ktpa LCE by 2030, incorporating lithium brine from both HMW and Candelas, another 100% owned project by Galan in Argentina.
Management's Confidence and Vision
Juan Pablo (JP) Vargas de la Vega, the Managing Director of Galan, expressed confidence in the construction team's ability to deliver the first production phase on schedule. His remarks underline the company's commitment to its timeline and the overall vision for HMW.
About Galan Lithium Limited
Galan Lithium Limited, listed on the ASX under the code GLN, is a lithium exploration and development company with a focus on the Hombre Muerto Salar in Argentina. Its flagship projects, HMW and Candelas, are situated within South America’s renowned 'lithium triangle'. These projects are known for their high-grade lithium brine deposits with low impurity levels. Galan is also exploring the Greenbushes South project in Western Australia, located near the world-class Greenbushes Lithium Mine.
With the HMW Phase 1 project steadily moving towards its production target, Galan Lithium is positioning itself as a key player in the global lithium market. The meticulous planning, phase-wise development approach, and regulatory compliance demonstrate Galan’s commitment to sustainable and efficient lithium production. As the demand for lithium continues to grow, fueled by the electric vehicle and renewable energy sectors, Galan Lithium’s strategic initiatives could not be more timely.
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