Hombre Muerto West Project Update: DFS and Pilot Plant Works Making Strong Progress, New Resource Targets Identified

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to provide an update on the intensive site and study activities in progress for its 100%-owned Hombre Muerto West Lithium Project (HMW) in Catamarca Province, Argentina.

Galan’s Managing Director and CEO, JP Vargas de la Vega, said:

“I have spent the past few months on the ground in Argentina and Chile working with our teams, relevant government authorities and the local communities. I am very pleased to say that our world-class lithium HMW Project is progressing strongly, on all fronts. My meetings with local Catamarca authorities saw evidence of excellent governmental and community support for the HMW and Candelas Projects. We are proud to be rapidly advancing projects that offer such economic and social benefits to the broader regions in which they are located.”

“Despite the logistical challenges posed by COVID-19, our key activities at the HMW Project remain on track and on budget. Even more importantly, we remain lost time injury free with all work being undertaken in a safe and highly professional manner. Thank you to our dedicated teams in Argentina, Chile and Australia, who have Galan blood in their veins.”

“Finally, as part of this update it is also pleasing to be able to demonstrate the further potential Mineral Resource upside evidenced by the recent TEM geophysical survey. We look forward to aggressively drilling these new target zones from next quarter and through the rest of 2022.”

Definitive Feasibility Study update

The HMW Definitive Feasibility Study (DFS) is being led by leading global engineering consulting group, Hatch. The Feasibility Study teams Hatch with Galan’s other key consultants, including Ad-Infinitum, SRK and WSP, along with the Company’s own project teams in Argentina, Chile and Australia.

Early DFS workstreams have now been completed, including various trade-off analyses for location of main infrastructure and process design. Work has also now commenced on detailed facilities design.

The Environmental Impact Assessment (EIA) preparation has begun with Galan further strengthening its team in this area, allowing for regular interaction with all key stakeholders on an ongoing basis.

The DFS is on budget and on schedule for completion by end-CY2022.

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