Galan Lithium snaps up WA tenement

Galan Lithium (ASX:GLN) has been granted an additional tenement, E70/4629, targeting lithium-bearing pegmatites, in Western Australia. 

The tenement is 260km south of Perth in Western Australia, and less than 30km south of the Greenbushes pegmatite, covering a 43km-square area. 

Managing Director Juan Pablo Vargas de la Vega says: “The grant of this key exploration licence is an important pillar of Galan’s exploration and evaluation activities at Greenbushes South. 

The tenure is highly prospective and its geological setting gives us the confidence to commence a maiden field campaign at the earliest opportunity. We look forward to updating the market as we advance the project.”

Galan, which has a market capitalisation of $159.63 million, is set to begin a maiden exploration campaign in the second half of this year. 

Activities will include hand sampling and ground geophysics over this ‘highly prospective’ tenure. 

The company’s primary targets are historic tin workings in the Smithfield pegmatite area in the eastern portion of the tenement. 

These historic workings will provide valuable geological insights and suggest potential spodumene mineralisation patterns within the region. 

Galan notes the newly-granted tenement expands its total area of 315km-square. 

Galan Lithium is a lithium explorer and developer focused on its assets in Argentina and Australia. 

As of 31 December 2023, the company had $15.865 million cash and cash equivalents at hand, according to its latest quarterly report. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Galan Lithium
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.