Galan to acquire 80% of the Greenbushes South Lithium Project from Lithium Australia NL (ASX: LIT) (ASX Announcement dated 14 January 2021)
- The Project is located 3kms south of the world-class Greenbushes Lithium mine which is owned and managed by Talison Lithium Pty Ltd
- Galan already holds a 100% interest in an Exploration Licence application (E70/4629) covering a total area of approximately 43km2. It is approximately 15kms to the south of the Greenbushes mine.
- The acquisition secures and consolidates a significant package of exploration ground of 396km2.
- Talison’s project is known as the one of the world’s largest, highest grade, hard rock spodumene deposits.
- The area remains under explored. The initial focus will be on the tenure that covers a southern strike projection of the geological structure that hosts Greenbushes.
- During 2021 Galan expects to perform further desktop studies on the JV ground to follow up with mapping, geochemical sampling campaign and geophysics where needed.