Galan Lithium Expects to be in Production by 2025

Galan Lithium (ASX:GLN) Founder and Managing Director Juan Pablo Vargas de la Vega anticipates that the company's flagship Hombre Muerto West (HMW) project in Catamarca Province, Argentina, will be in production in the first quarter of 2025.

“We have a way of going forward on a staged development,” de la Vega said. "We have already applied for a 4,000 tonne pilot in development, and we expect to have them granted this first half of the year … We expect to start development, then production from this 4,000 tonnes. We (believe) that we can get online in the first quarter of 2025. So in two years' time, I would like to be having an interview telling that we’ve become a producer."

Galan submitted an application to scale up the HMW project piloting stage to 4,000 tonnes per year of lithium carbonate equivalent, including the construction of 120 hectares of evaporation ponds. If the application is successful, the construction of an expanded pilot pond system could commence in mid-2023, allowing Galan to accelerate the ramp-up of brine evaporation at the HMW project.

According to de la Vega, Galan is expecting to complete a definitive feasibility study (DFS) by the end of the first quarter of 2023 that will demonstrate a large project of over 20,000 tonnes per year. He added that Galan applied for permits in January 2023, which the company anticipates will be granted within the next 12 months.

“Our strategy is to start construction pretty much as soon as we can in the second half of this year … kick in the 4,000 tonnes in Q1 of 2025, get granted the larger permit and in 2025 onwards all the way to 2026, we should expect to be in full ramp-up production on the 20,000 tonnes plus,” de la Vega said.

Galan announced a substantial increase in its JORC (2012) reported mineral resource estimate for the HMW project by 2.5 times to 5.8 million tonnes of contained lithium carbonate equivalent at 866 milligrams per litre of lithium.

“As we continue to drill we have shown that this project keeps on giving. We'll have another disclosure once we have our DFS coming up. We're not a baby elephant anymore. We are going to be trying to market how big we can go, and how big we can go into production too,” de la Vega said.

Watch the full interview with Galan Lithium managing director Juan Pablo Vargas de la Vega above.

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