Advancing our Hombre Muerto Projects to production in 2025

Hombre Muerto West (HMW)
  • Galan’s HMW Project is one of the most economically viable lithium projects in the world, with the production cost on the low-end of all comparable projects
  • In May 2023, the HMW Mineral Resource estimate increased to 6.58Mt contained LCE @ 880 mg/l Li.
  • A ~16km by 1-5km region on the west coast of the Hombre Muerto salar neighbouring Livent Corp to the east
  • On track to produce premium lithium concentrate in the first half of 2025
  • 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
Candelas
  • The project encompasses a ~15km long by 3-5km wide valley filled channel
  • The project has the potential to provide a substantial amount of processing water by treating its low-grade brines with reverses osmosis. This process would eliminate the need for using surface river water from the Los Patos River
Greenbushes South
  • Galan 100% owns a tenement package in Western Australia, located just south of Bunbury and 250 km south of Perth, covering a total area of approximately 315 km2.
  • An extended maiden drilling campaign completed in September 2023, with eight diamond drill holes completed for 3,885 metres
  • The pegmatite exploration model was validated, with several active targets identified
  • The tenements are strategically located along strike of the Donnybrook-Bridgetown Shear Zone. This zone 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%)).