Galan Lithium (ASX:GLN) is ticking boxes as it progresses construction at its 100% owned Hombre Muerto West (HMW) phase one lithium brine project, with lithium chloride production expected in H1 2025.
Managing Director Juan Pablo (JP) Vargas de la Vega says Galan continues to progress in advancing its low-cost, high-grade HMW project to production in a timely manner.
“The commencement of the installation of liners for pond one is another tick in the box for the HMW phase one construction team. The team continues to push forward on all fronts as it aims to validate Galan’s low-cost, low-risk lithium chloride development strategy to become the next lithium producer in Argentina in H1 2025.”
The $238.59 million market capitalisation company says the initial phase one Definitive Feasibility Study (DFS) focused on the production of 5.4,000tpa LCE of a lithium chloride concentrate by H1 2025, as governed by the approved production permits.
The phase two DFS targets 21,000tpa LCE of a lithium chloride concentrate in 2026, followed by phase three production of 40,000tpa LCE by 2028 and finally a phase four production target of 60,00tpa LCE by 2030.
Galan says phase four will include lithium brine sourced from both HMW and the company’s other 100% owned project in Argentina, Candelas.
The brine well field is located in the same area as the HMW ponds system. The wells field for phases one and two are exclusively located in the Rana de Sal, Del Condor, Deceo III, Pata Pila, Casa del Inca III & IV, and Santa Barbara XXIV mining tenements.
The HMW Project also has several tenements (including Catalina) with great potential to further increase the quantity and quality of the brine resources, which may result in additional production.
Galan notes that total, there are 23 production wells required for phases one and two. Ongoing drilling to date, shows that Galan has completed 9 wells with only 6 being required for phase one production.
Write to Adam Orlando at Mining.com.au
Images: Galan Lithium