Galan Lithium (GLN) - $15M Focused on Delivering Feasibility Study

Interview with Juan Pablo Vargas de la Vega, Managing Director of Galan Lithium (ASX: GLN)

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Galan Lithium is an ASX listed, Australian based, international mining company developing lithium brine projects within South America’s Lithium Triangle on the Hombre Muerto Salar in Argentina. We wanted to catch up with the company to discuss the recent PEA at Hombre Muerto and to discuss the recent raise.

With close to $15M in the bank, the company plans to initiate a Feasibility Study at Hombre Muerto, dependent on the results of the brine samples. This will cost AUD$8M and take around 12 months to complete. Once the FS has been delivered, they will look for funding to cover the project Capex and head into production.

Galan Lithium's three projects:

Hombre Muerto West is a 14km by 1-5km wide section of the west coast of Hombre Muerto Salar. Hombre Muerto is proven to host the highest grade and lowest impurity levels within Argentina and is home to Livent Corporation’s El Fenix operation and Galaxy Resources and POSCO’s Sal de Vida projects. Geophysics and drilling at Hombre Muerto have demonstrated the significant potential of a deep basin.

Candelas is a 15km long by 3-5km wide valley filled channel which project geophysics and drilling have indicated the potential to host a substantial volume of brine and over which a maiden resource estimated 685kt LCE (Oct 2019).

The Greenbushes South Lithium Project - Galan Lithium has an Exploration License application covering a total area of approximately 43km2 which is approximately 15kms to the south of the Greenbushes mine.

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0:00 - Introduction
1:15 - Progress Made Since September 2020
2:58 - Company & Project Overview
4:13 - Acquisition of Lithium Australia's Greenbushes South: Terms of Agreement, Cost, & Plans for 2021
7:44 - Candelas Project & Plans for 2021
10:19 - Hombre Muerto West's PEA Results
13:01 - Team Experience & Goals for Them to Achieve
17:29 - Technical Aspects: Grade, Impurity Levels, & DLE Hybrid Structure
21:34 - PEA at PFS Level: Next Deliverables, Timing & Costs
24:30 - Positioning Galan Lithium at Market: Competition, Volatility, & Product Options

Company page: https://galanlithium.com.au/

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