Galaxy Extends Mt Catlin Mine Life

Galaxy Resources Limited (ASX:GXY) lifts total contained lithium oxide resource at its 100% owned Mt Cattlin mine by 14% to 197,000 tonnes from its last resource estimate.

The press release is quoted as saying:

Recent drilling, modelling and evaluation have boosted both resources and reserves at Galaxy’s Mt Cattlin lithium focussed project, which is near Ravensthorpe in Western Australia. Total resource tonnes at Mt Cattlin increased by 14.6%, or 2.31 million tonnes from the previous estimate, while the measured and indicated mineral resource was up 12%, or 1.50 million tonnes, to 13.8 million tonnes.

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