Galan (ASX:GLN) eyes lithium DFS in South America
January 16, 2023Galan Lithium test pumping has ticked off a critical DFS workstream at Pata Pila and Rana de Sal lithium brine wells, part of the Company’s HMW Project in Argentina.
The second long-term pumping test at Pata Pila (PPB-02-22) averaged 21 L/s producing lithium grades of 815 to 866 mg/L.
Meanwhile, Initial results from the Pucara del Salar exploration well (PS-01-22) have flowed with high-grade brine (average 974 mg/L).
HMW Project pumping and monitoring wells
The Company said the results confirm lithologic and brine continuity paving the way for a 4kpa LCE Pilot development.
“The positive long-term pumping brine test results are extremely significant by providing certainty of brine flow extraction, lithium grade, and cementing the HMW reserve model,” Galan Exploration Manager Álvaro Henríquez said.
“We have further demonstrated a high production capacity at both Pata Pila and Rana de Sal. Importantly, we have extended the reservoir quality throughout the main (uphill) alluvial deposits of Pata Pila.
“Recent results at Pucara de Salar also show further potential to expand the total HMW Project resource and reserve.
“All of the above factors, keep adding empirical support for the world-class nature of the HMW Project and its continued rapid advancement and development to production.”
Price Action
The Company’s ASX-listed shares have risen 0.43 per cent to $1.16 in morning trade.
Next Steps
Drilling at Santa Barbara (SB-01-22) targeting further expansion of HMW Project resource currently at 223m depth.
About Galan Lithium
Galan Lithium Limited (ASX: GLN) is an ASX-listed lithium exploration and development business. Galan’s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto salar in Argentina, within South America’s ‘lithium triangle’. Hombre Muerto is proven to host lithium brine deposition of Argentina’s highest grade and lowest impurity levels. It is home to the established El Fenix lithium operation (Livent Corporation) and the Sal de Vida (Allkem) and Sal de Oro (POSCO) lithium projects. Galan is also exploring Greenbushes South in Western Australia, approximately 3km south of the Tier 1 Greenbushes Lithium Mine.
Hombre Muerto West (HMW): A ~16km by 1-5km region on the west coast of Hombre Muerto salar neighbouring Livent Corp to the east. HMW comprises seven concessions – Pata Pila, Rana de Sal, Deceo III, Del Condor, Pucara, Catalina and Santa Barbara. Geophysics and drilling at HMW demonstrated significant potential for a deep basin. In October 2022, an updated Mineral Resource estimate was delivered, totalling 5.8Mt of LCE for the most critical concessions (including Pata Pila, Casa del Inca and Rana de Sal). Exploration upside remains for the remaining HMW concessions not included in the current resource estimate.
Fundamental Data
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