Full HMW Phase 1 Construction Permits Granted

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is very pleased to announce that late yesterday, Argentina time, the Catamarca Ministro – Ministerio de Mineria (Mines Department Minister) granted Galan the full Phase 1 construction permits for 5.4ktpa LCE production at the Hombre Muerto West (HMW) lithium brine project. The granting of the permits means full construction can commence with the aim of delivering lithium chloride production in H1 2025.

Highlights:

• Initial Phase 1 Hombre Muerto West (HMW) construction permits granted late yesterday, Argentina time
• Permits include ponds, plant, onsite laboratory, 200-man camp, power and other required infrastructure
• Six (6) additional production wells also approved
• HMW is the highest grade, lowest impurity lithium brine deposit in Argentina
• Phase 1 preparation works, engineering and long lead orders are on track for delivering lithium chloride production of 5.4ktpa LCE in H1 2025
• Appointment of main contractor imminent; full phase 1 pond construction to commence with 2 weeks
• Phase 2 DFS progressing well; results on track for September 2023

Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented: “This is a major development in the history of Galan and we are proud to be sharing this moment with the Government of the Catamarca Province in Argentina in a major step towards the production of a premium quality lithium chloride product from the HMW Project. The Government and its officials have been on the journey from the start and have always acted very professionally through the whole approval process.

The permits cover the full Phase 1 DFS production rate of 5.4ktpa LCE including full spec ponds design and size plus the carbonate plant using the lithium concentration feed from the existing ponds already built. All required infrastructure is also approved, which means it is all systems go to we meet our production target in H1 2025. The Galan team, from top to bottom, has been simply outstanding and this is the most significant milestone in the relatively short history of the HMW Project.”

The Chairman of Galan, Richard Homsany also said “We are excited not only about the robust financial outcomes that HMW has for the benefit of our shareholders and personnel, who we sincerely thank for their support to date, but also for the Catamarca community and stakeholders in the region who will benefit economically and socially through the education, training and employment opportunities which Galan will offer, including diversity objectives, and prioritise our investment in. We look forward to continuing to work in co-operation with the Catamarca Government to maximise the positive impact of Galan’s mining and processing operations in the community, and ensure it is sustainable and will endure over the longer term.

We also look forward to rapidly advancing the development and construction of HMW and providing updates on our progress.

Galan is well poised to achieve its purpose of economically producing valuable products from the highest grade and lowest impurity lithium brine deposit in Argentina.”

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