Galan Lithium Limited
Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development company. Galan’s flagship assets comprise two 100% owned, world-class lithium brine projects, Hombre Muerto West (HMW) and Candelas, located on the Hombre Muerto salar in Argentina, within South America’s ‘lithium triangle’. HMW is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina. It is home to the established El Fenix lithium operations (Livent Corporation) and Sal de Vida (Allkem) and Sal de Oro (POSCO) lithium projects. Galan is also exploring at its 100% owned Greenbushes South lithium project in Western Australia, located 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 is currently comprised of seven concessions – Pata Pila, Rana de Sal, Deceo III, Del Condor, Pucara, Catalina and Santa Barbara. Geophysics and drilling at HMW demonstrated significant potential of a deep basin. In October 2022, the HMW Mineral Resource estimate increased 2.5 times to 5.8Mt contained LCE @ 866 mg/l Li for the larger concessions (Pata Pila, Casa del Inca and Rana de Sal). Exploration upside remains for the rest of the HMW concessions not included in the October 2022 resource estimate.
Candelas: A ~15km long by 3-5km wide valley filled channel which project geophysics and drilling have indicated the potential to host a substantial volume of brine and over which a maiden Mineral Resource estimate delivered 685kt of contained LCE @ 672 mg/l Li (October 2019). Furthermore, Candelas has the potential to provide a substantial amount of processing water by treating its low-grade brines with reverse osmosis, without using surface river water from the Los Patos River.
Greenbushes South: Galan owns 100% of the tenement package that makes up the Greenbushes South Project which covers a total area of approximately 315 km2. The project is located ~250 km south of Perth in Western Australia. The project tenements are strategically located along the trace of the Donnybrook-Bridgetown Shear Zone, the geological structure that hosts the emplacement of the lithium-bearing pegmatite at the Greenbushes Mine (Talison Lithium Pty Ltd-Tianqi Lithium Corporation/IGO Limited (51%) and Albermarle Corporation (49%)). Galan has developed several active targets through soil sampling, airborne geophysics, ground geophysics and field mapping. A target roughly 4.5km south of the Greenbushes Mine is currently being explored with a diamond drilling campaign commencing on 1 March 2023.