Galan Lithium Limited holds six projects totalling around 25,000 hectares in the best neighbourhood for lithium brines in the world.  The Hombre Muerto salar is in the world-renowned Lithium Triangle in South America.

 

Hombre Muerto, along with Atacama salar in Argentina, hosts the world’s largest reserves of lithium with 60% of global annual production coming from these salars.

Galan Lithium Limited, through its wholly owned Argentinian subsidiary (Galan Exploraciones S.A.), owns the rights and rights to earn a 100% interest in various lithium brine projects located within the Hombre Muerto salar.

Project areas are:

  • Candelas
  • Catalina
  • El Deceo
  • Pata Pila
  • Rana De Sal
  • Santa Barbara

Potential brine areas with the above areas conservatively comprise approx. 7,800 hectares.

 

 

 

 

 

Location

Location

These areas are a rich setting for lithium brine development with:

• ground water sourcing volcanic rocsks
•  hydrothermal activity
•  closed basin
•  arid climate
•  faulted environment

 

Candelas

Encompasses the 15km x 3 to 4km Los Patos channel. The Rio Los Patos accounts for approx. 79% of incoming waters into the salar which drain likely Li source rocks from the Cerro Galan volcano (associated fumaroles noted in the delta).

In January 2019, Galan accelerated work at its Candelas project conducting an eight drill-hole campaign. Drilling primarily in the northern zone of the project unearthed some stellar numbers including 192 metres at 802 mg/l Li with very low impurity levels.

Sediment package includes perfect permeable hosts; coarse sands/gravels, breccia and conglomerate

SRK (Australia) who were overseeing resource definition, QA/QC controls etc deemed that Candelas could be a potential world class deposit.

SRK Consulting (Argentina) said in an ASX release on 13 February 2019 – “Preliminary field measurements and laboratory analyses on brine suggests that the Candelas Project has the potential to become a world-class soluble lithium deposit hosted in a unique geological setting”.

A maiden, Candelas North JORC resource of 684,850 tonnes of contained lithium carbonate equivalent (LCE) at 672 mg/l Li (based on a 500mg/l Li cut-off) was announced on 1 October 2019.

Candelas has sufficient area for evaporation ponds, processing infrastructure and has access to great, fresh process water.

Hombre Muerto West (HMW)

In December 2019, the Company commenced another drilling campaign on its Western Basin tenements (Rana de Sal and Pata Pila) in the Hombre Muerto salar. The Rana de Sal and Pata Pila licences both cover large alluvial fans lying adjacent to Livent Corporation’s (NYSE: LVHM) tenure, covering the western margin of the Hombre Muerto salar.

•  At Rana de Sal, a 72-hour air lift test sample returned 1,010 mg/l Li over a >330m interval confirming outstanding grade average for drillhole RS-01-19. The results are the highest lithium grade reported by Galan on any drill hole at Hombre Muerto

• At Pata Pila, a 72 hour air lift test sample returned 946 mg/l Li over a >670m interval confirming exceptional grade average for drillhole PP-01-19. The Mg/Li averages of 1.49 are the lowest levels of impurity to date reported by Galan on a drill hole at Hombre Muerto.

The data from Rana de Sal and Pata Pila will be used for the maiden resource estimate of the Western Tenements, which is expected during Q1 CY2020.