Lithium Australia (ASX:LIT) advises that drilling is currently set to commence in the week commencing 10 July 2017 at The Horseshoe Pegmatite Prospect, part of LIT’s Ravensthorpe Lithium Project which is located 500 km southeast of Perth, Western Australia
LIT to commence drilling at the Horseshoe Pegmatite in the
Introduced by President Mauricio Macri, the new mining deal is expected to help attract foreign investment.
The resource estimate shows 3Q has a measured and indicated resource of 714,242 tonnes of lithium carbonate equivalent grading 716 mg/L lithium.
By Jocelyn Aspa
Joe Lowry of Global Lithium shares his thoughts on the lithium space and why Argentina will be a powerhouse in the brine sector. He also speaks briefly about cobalt.
It’s possible that amendments to the conflicts minerals section of the act could be coming.
Galaxy Resources Limited (ASX:GXY) is pleased to announce that it has executed a facility agreement with BNP Paribas (“BNP”) for a US$40 million secured debt facility for the principal purpose of repaying in full the current outstanding balance due to OCP Asia and for general corporate purposes.
By Jocelyn Aspa
The lithium sector was a hot commodity in 2016. Here’s what some companies had to say about the year, and what they’re looking forward to in 2017.
Galaxy Resources Limited (ASX:GXY) is pleased to announce that following the successful recommissioning of the Mt Cattlin project, it has loaded its first shipment of lithium concentrate at the Esperance Port in Western Australia. A total of approximately 10,000mt was loaded on the NY Trader 1 bound for Lianyungang Port
Galaxy Resources Limited (ASX:GXY), is pleased to announce it has sold 120,000 tonnes of lithium concentrate from the Mt Cattlin Project in Ravensthorpe, Western Australia, for US$830 per tonne (FOB, minimum 5.5% Li2O) to be delivered in calendar year 2017, having signed binding agreements with its existing China-based buyers.