Galan Lithium

Newly Consolidated Catalina Tenure Provides Foundation For Potential Increase In HMW Resource & Production

The Board of Galan Lithium Limited (Galan or the Company) is pleased to provide an update on the newly secured Catalina tenure, and its strong potential to significantly add to the existing HMW Resource. As announced on 28 July 2023, Galan has consolidated the Catalina tenure, which also covers the Catalina, Rana de Sal II, Rana de Sal III, Pucara del Salar, Deceo I and Deceo II tenements (see Figure 1).


  • Recently consolidated tenure overlaps with 5,954 hectares of existing HMW tenements in Catamarca, and adjacent to the existing HMW Resource.
  • Data from existing exploration by Galan strongly validates the positive prospectivity of the consolidated area. Galan’s well PS-01, located approx. 500m south of the newly consolidated area, ranges 953 to 988 mg/L Li, with explored depth of 300m, still open at depth.
  • As a result of the consolidation, Galan anticipates a Resource target (1) of between 500kt and 1.5Mt LCE ranging 953 to 988 mg/L.
  • The consolidated tenure is also an area that is favourable for future pond construction.

Galan’s Managing Director, Juan Pablo Vargas de la Vega, said:

 

“This important transaction comes at a pivotal time for consolidating and securing Galan’s tenure at HMW. Our geological and hydrogeological information has identified this new target area as an exciting opportunity to increase our actual resource footprint, providing exceptional conditions for both brine quality and productive yield.

Existing exploration data on the HMW area, located on the southern limit of the consolidated area, provides an excellent foundation for Resource expansion at HMW.

Furthermore, exploration has now already commenced on this tenure. We expect the future production phases of our HMW project (Phases II, III and IV) will be cemented by the expected resulting resource expansion.”

Figure 1. Secured consolidated tenure (blue polygon) in relation to actual HMW brine Resource footprint and existing exploration well PS-01.

In June 2023, a team of structural geologists completed a field campaign at the Hombre Muerto West project. The key aim was to map the structural controls of the regional geology to build a geological model and create a detailed geologic map of Galan's northern fractured rock domain (NFRD). Four (4) major fault zones were defined from the collection of bedrock measurements, geomorphological analyses and syntheses of previous drilling results.


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.

GLN:AU
Galan Lithium

Galan Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Galan Lithium

Galan Lithium


Keep reading...Show less

Developing high-grade lithium brine projects in Argentina

Galan Lithium Limited: A$20 million Placement to Strategic Partner

Galan Lithium Limited: A$20 million Placement to Strategic Partner

 
 

Galan Lithium Limited (ASX:GLN) ( Galan or the Company ) is pleased to announce it has secured a binding commitment for a A$20 million placement ( Placement ) at A$0.11 per share, a 21% premium to the last closing price of A$0.091 as at 19 June 2025 from an existing shareholder, The Clean Elements Fund ( Clean Elements ). Additionally, Clean Elements will receive one unlisted option for every two shares issued under the Placement, with an exercise price of A$0.15 per option and an expiry date that is three years from the date of issue.

 

The Placement is subject to Clean Elements' satisfactory completion of due diligence over a period not longer than 77 days. Full completion of the Placement will require shareholder approval which will be sought at a Galan general meeting, expected to be held in early September 2025 .

 

 

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
HMW Phase 1 Funding & Offtake Secured with US Based Partner

HMW Phase 1 Funding & Offtake Secured with US Based Partner

Galan Lithium (GLN:AU) has announced HMW Phase 1 Funding & Offtake Secured with US Based Partner

Download the PDF here.

Digital globe and battery with lightning icon on dark background.

Lithium Market Update: Q2 2025 in Review

The second quarter of 2025 brought more downward pressure for lithium prices, as values for lithium carbonate continued to contract, slipping to their lowest level since January 2021.

After starting the year at US$10,484.37 per metric ton, battery-grade lithium carbonate rose to a year-to-date high of US$10,853.85 on January 27. Prices sank through Q1 and most of Q2, bottoming at US$8,329.08 on June 24.

Keep reading...Show less
Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less
Stacks of US$100 bills with upward-pointing wooden arrows.

Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

China’s grip on the battery metals sector has drawn increasing scrutiny in recent years as nations confront growing concerns around supply chain risk and resource security.

Through a blend of domestic output and aggressive overseas investment, particularly in Africa and South America, Chinese companies now command a significant share of upstream supply.

The country is responsible for roughly 60 percent of global rare earths production and controls over 70 percent of cobalt supply through its stakes in mines across the Democratic Republic of Congo.

Keep reading...Show less
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Salt flats with text overlay: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks include firms focused on a wide variety of metals.

Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week. Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives.

Keep reading...Show less
Galan Lithium

Galan Lithium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×