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July 05, 2023
Galan Lithium (ASX:GLN) is set to make an average annual EBITDA of AU$124 million a year for 40 years from its Hombre Muerto West lithium brine project in Argentina during the first phase of production, according to an article published on The West Australian.
Galan released its 2023 definitive feasibility study (DFS) indicating that initial annual production of lithium chloride product will deliver AU$692 million (US$460 million) net present value.
For the first phase, Galan used a price modeling that delivered a production margin with a long-term average lithium chloride price of AU$30,456 (US$20,252) per tonne compared to the AU$5960 (US$3963) average annual operating cost per tonne of lithium chloride concentrate, according to the article.
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GLN:AU
20 April
Galan Lithium
Developing high-grade lithium brine projects in Argentina
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