Galan Lithium Limited
Galan is an ASX listed company developing lithium brine projects within South America’s Lithium Triangle on the Hombre Muerto salar in Argentina.
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.
Galan has three projects:
Candelas: 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). Furthermore, Candelas has the potential to provide a substantial amount of processing water by treating its low-grade brines with reverse osmosis, this is without using surface river water from Los Patos River.
Hombre Muerto West (HMW): a ~14km by 1-5km wide of the west coast of Hombre Muerto salar neighbouring Livent Corp to the east. HMW is currently comprised of seven concessions – Pata Pila, Rana de Sal, Deceo III, Del Condor, Pucara, Catalina and Santa Barbara. Geophysics and drilling at HMW demonstrated a significant potential of a deep basin. In March 2020, a maiden resource estimate delivered 1.1Mt of LCE for two of the largest concessions (Pata Pila and Rana de Sal), That resource now sits at 2.3Mt of LCE with exploration upside remaining for the rest of HMW concessions not included in the current indicated resource.
Greenbushes South Lithium Project: Galan has an Exploration Licence application (E70/4629) covering a total area of approximately 43km2. it is approximately 15kms to the south of the Greenbushes mine. In January 2021, Galan entered into a sale and joint venture with Lithium Australian NL for an 80% for the Greenbushes South Lithium project (‘the project’), which is located 200km south of Perth, the capital of Western Australia. With an area of 353km2, the Project was originally acquired by Lithium Australia NL due to its proximity to the Green bushes Lithium Mine (‘Greenbushes’), given that the Project covers the southern strike projection of the geological structure that hosts Greenbushes. The project area commences only about 3km south of the current Greenbushes open-pit mining operations.
20/10/2022 09:50:00
The securities of Galan Lithium Limited (‘GLN’) will be placed in trading halt at the request of GLN, pending it releasing an announcement. Unless ASX decides otherwise, the securit…
Interviews /
by Paul Sanger -
A year ago
25 Sep 2023 - Wally Graham of Resources Roadhouse at the New World Metals Conference, speaking with Juan Pablo Vargas de la Vega, Managing Director of Galan Lithium (ASX:GLN).
Market Reports /
by Peter Milios -
2 years ago
08 Feb 2023 - Financials and Materials led the pack, whilst Consumer Staples and Healthcare were today’s laggards.
Market Reports /
by Peter Milios -
2 years ago
08 Feb 2023 - Australia's S&P/ASX 200 index is 0.29 per cent higher at 7,526 after an early rise, with gains in financials, materials, and energy offset by losses in consumer stapl…
Market Reports /
by Peter Milios -
2 years ago
20 Dec 2022 - The ASX has fallen 1.47 per cent or 105 points at the closing bell, coinciding with surprising news coming out of Japan.
Market Reports /
by Peter Milios -
2 years ago
20 Dec 2022 - The ASX is currently sitting at a 5-week low, amidst many large international central banks' plans to remain firm on continuing their plans to slow down inflation. Th…
Market Reports /
by Peter Milios -
2 years ago
13 Dec 2022 - Big gains from Industrials, Financials and Information Technology caused the ASX to close 0.31 per cent higher in today’s trading.
Market Reports /
by Lauren Hayes -
2 years ago
13 Dec 2022 - The local market has bounced back this morning, following a positive lead from Wall Street overnight, with investors looking ahead to the highly anticipated Federal R…
Market Reports /
by Peter Milios -
2 years ago
22 Nov 2022 - China has reported its first COVID death in six months, sparking up the likelihood of harsher lockdowns. Interestingly, the ASX has disregarded this information, clos…
Market Reports /
by Peter Milios -
2 years ago
22 Nov 2022 - The Treasury is expected to release a discussion paper today on the BNPL sector. The paper is likely to outline that Australia’s current buy now, pay later providers …
Market Reports /
by Peter Milios -
2 years ago
02 Nov 2022 - Commonwealth Bank of Australia (ASX:CBA) today announced that it will raise its home loan variable interest rate by 25 basis points, in line with the RBA’s Melbourne …
Market Reports /
by Lauren Hayes -
2 years ago
02 Nov 2022 - US markets turned negative overnight following job openings in September, which showed a resilient labour market and made investors brace for another likely 75 basis …
Market Reports /
by Peter Milios -
2 years ago
24 Oct 2022 - All sectors finished in the green to start the week, with some big results from Australian electric vehicle companies. The ASX companies that were amongst the list of…
Market Reports /
by Lauren Hayes -
2 years ago
24 Oct 2022 - The Australian market is enjoying a solid start to the trading week after US equities snapped their two-day losing streak and posted solid gains on more strong corpor…
Market Reports /
by Melissa Darmawan -
2 years ago
14 Jul 2022 - Australian shares lifted for a 3rd straight day, propped up by resources stocks and the power from technology firms.
Market Reports /
by Melissa Darmawan -
2 years ago
14 Jul 2022 - Australia’s workforce continues to grow after employers added more jobs than economists expected in June, sending the unemployment rate to the lowest in 50 years.
Interviews /
by Lauren Evans -
3 years ago
03 Nov 2021 - Galan Lithium Limited (ASX:GLN) Managing Director Juan Pablo Vargas de la Vega provides an update on the company's activities, discussing recent activity at the Hombr…
Company Presentations /
by -
3 years ago
01 Nov 2021 - Galan Lithium Limited (ASX:GLN) Managing Director Juan Pablo Vargas de la Vega provides an update on the company's key high-grade lithium brine project Hombre Muerto …
Company News /
by Lauren Evans -
3 years ago
13 Aug 2021 - A snapshot of the stocks on the move, featuring Air New Zealand, Baby Bunting & Galan Lithium.
Company News /
by Lauren Evans -
3 years ago
13 Aug 2021 - Galan Lithium (ASX:GLN) received firm commitments to raise $50 million through a two-tranche placement to institutional, sophisticated and professional investors.
Interviews /
by Melissa Darmawan -
3 years ago
12 May 2021 - Galan Lithium (ASX:GLN) Managing Director Juan Pablo Vargas de la Vega provides an update on they company's key Hombre Muerto lithium brine project in the Catamarca p…
Company Presentations /
by -
4 years ago
12 Aug 2020 - Galan Lithium Limited (ASX:GLN) Managing Director Juan Pablo Vargas de la Vega presents on developing high-grade lithium brine projects in the Hombre Muerto Salar in …