Quarterly Activities Report June 2022

The Board of Galan Lithium Limited (Galan or the Company) is pleased to provide this Quarterly Activities Report for the quarter ended 30 June 2022 to the date of this report. The main focus for the quarter was the ongoing Definitive Feasibility Study (DFS) and associated works/activities and further drilling at its high-grade Hombre Muerto West (HMW) Project in Argentina as well as continued exploration at the Greenbushes South lithium project in Western Australia.

HIGHLIGHTS

• Outstanding initial well test results reported from first Pata Pila pumping well (PPB-01-21) at HMW Project
  • Brine sampling confirmed high grade resource (Li > 910 mg/L)
  • Hydraulic testing demonstrated favourable conditions for high volume brine production (15 – 20L per second)
  • Long term (30-day) pumping tests underway and flowing steadily
• Positive results returned from porosity test (RBRC) on second Pata Pila well core samples (range of 10.21 – 21.0%, mean of 14.1%)
  
• Pumping tests to be completed on three further wells: a second well at Pata Pila and two wells at Rana de Sal
• HMW Project Definitive Feasibility Study activities continued during the quarter
• First pegmatite lens discovered at Greenbushes South
  • Airborne radiometric, magnetic and DEM survey data processed
  • Interpretation provided 18 key target zones for lithium pegmatites near the mineralising Donnybrook-Bridgetown Shear Zone
  • Further soil samples and rock chips sent for geochemical analysis
• Key appointments
  
  • Mr Alvaro Henríquez (ex SQM) commences as Geology Manager
  • Ausenco commences as EIA consultant
    
• Galan continues to adhere to Covid-19 protocols in Argentina, Chile and Australia with personnel and community health and safety its number one priority
  
• Cash on hand at end of quarter was ≈A$54 million

Figure 1: Galan’s HMW and Candelas concessions in Argentina have a current combined total Indicated Resource of ~ 3Mt LCE @ 858mg/l Li.

Hombre Muerto West (HMW) Project

On 14 July 2022, Galan provided an update on its well drilling and other DFS activities.

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

“We are extremely pleased with the outcomes from the 3-day constant rate pump test at the first Pata Pila well, PPB-01-21. High lithium grades, porosity and brine flow rates are a powerful combination for driving operational efficiency and economic performance. These outstanding hydrological outcomes are paramount to the project DFS foundations and further validates the world-class nature of the lithium brine resource we hold at HMW.

The results are a ready demonstration of the substantial progress we are making in advancing the Project. They also represent key de-risking of the planned HMW development. While we are focussed on a substantially lower risk, conventional process route and project development at HMW, we are ensuring that every aspect of our planned operation at HMW is comprehensively evaluated and proven, both technically and commercially.”

Click here for the full ASX Release

This article includes content from Galan Lithium Limited, 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.