Galan Forecasts US$374M Annual EBITDA for 40 Years from Hombre Muerto West Project

Galan Lithium (ASX:GLN) is projecting an annual average EBITDA of US$374 million (AU$588 million) for 40 years based on the phase-two definitive feasibility study (DFS) of its Hombre Muerto West project, according to an article published by The West Australian. Phase-one DFS projected an annual average EBITDA of US$83 million (AU$130 million).

Galan is now planning to ramp up production from 5,370 tonnes per annum of lithium carbonate equivalent to 20,000 tonnes, the article said. The revision of key metrics is estimated to return US$2 billion (AU$3.1 billion) net present value, an increase of 430 percent from its phase-one estimate of US$460 million (AU$723 million).

“The release of Phase 2 DFS for Hombre Muerto West clearly demonstrates the world-class nature of Galan’s 100-percent-owned project,” Galan Lithium’s managing director Juan Pablo Vargas de la Vega said.

Read the full article here.

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