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Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce that on Friday 23 June 2023, the Catamarca Ministro – Ministerio de Mineria (Mines Department Minister) granted Galan the initial permits for the Phase 1 development of the Hombre Muerto West lithium brine project. The permit allows the development of the pre-construction activities, such as the commissioning of the new camp, removal of top-soil and preliminary testing activities for securing the ground quality. Upon the completion of these activities, Galan will be ready to accelerate the construction of the ponds of the Phase 1.
Highlights:
- Initial Phase 1 HMW development permits granted last Friday, Argentina time
- Top-soil removal for pond construction commenced
- Permit includes all earthworks required for ground pond testing
- Camp extension permit approved; most accommodation modules (for 250 personnel) on site
- Full construction permits and commencement of Phase 1 pond construction expected during Q3 CY 2023
- Phase 1 DFS results expected shortly
As previously announced, the HMW DFS was separated into two phases. This initial Phase 1 of the DFS focuses on the production of a lithium chloride concentrate, as governed by the production permits just approved. The optimisation work continues and will culminate in the release of a Phase 2 DFS in August/September 2023, addressing a full 20ktpa LCE production rate.
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented: “Galan would firstly like to acknowledge and sincerely thank the Government of the Catamarca Province in Argentina for their continued support in walking with us to bring about this first major approval in the development of the initial production phase for the HMW Project. They have been both professional and committed through the whole approval process.
This next development phase of the HMW Project will also continue Galan’s proud engagement of local contractors and communities within the Catamarca province. These are exciting times for Galan and its shareholders as we strive to get the HMW Project into its initial production phase.”
New camp expansion at HMW
Commencement of top-soil removal at HMW
Click here for the full ASX Release
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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