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GALAXY RESOURCES LIMITED

ASX: GXY

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Galaxy Resources Ltd (“Galaxy”) is an Australian-based global lithium company with lithium production facilities, hard rock mines and brine assets in Australia, China, Canada and Argentina.

Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. As of the 13/05/2015 GXY's Mt Cattlin project's has been suspended due to low Lithium prices.

Currently Galaxy is advancing plans to develop the Salde Vida (70%) lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet) which is currently the source of 60% of global lithium production. Sal de Vida has excellent promise as a future low cost brine mine and lithium carbonate processing facility. Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and positioning itself to achieve its goal of being involved in every step of the lithium supply chain.

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Mine For

Tantalite,Tantalum, Gold, Lithium, Iron Ore, Manganese

Location of operation(s)

Western Australia

Address

Suite 8 / 18 Kearns Crescent,
Ardross, WA, AUSTRALIA

Phone

(61 8) 9215 1700

Email

Website


Last Updated

23/03/2016

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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