About Lithium

Galaxy Resources (GXY.AX) is an Australian company with resources in Australia, Canada and Argentina. Galaxy is currently advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina. The maiden JORC-compliant Reserve estimate of 1.1 million tonnes of retrievable lithium carbonate equivalent and 4.2 million tonnes of potassium chloride (potash or KCI) equivalent. The company also owns the Mt Cattlin spodumene mine near Ravensthorpe in Western Australia and the James Bay lithium pegmatite project in Quebec, Canada. The Mt Cattlin spodumene project, is located two kilometres north of the town of Ravensthorpe in Western Australia. The Mt Cattlin mine operations included open-pit mining of a flat-lying pegmatite ore body. The flat-lying nature of the ore body allows mining to proceed at a constant strip ratio once the ore is uncovered. Mining is carried out using excavator and truck operations, delivering to a conventional crushing and HMS gravity recovery circuit. Contract mining is used for grade control drilling and earthmoving operations (drilling, blasting, load, haul and ancillary work) for the open-cut mining operation. The processing plant at Mt Cattlin is located to the west of the pit, approximately 2 kilometres north-west of the Ravensthorpe town site. The plant consists of a 4-stage crushing circuit producing a -6mm product from ROM ore at a treatment rate of 1 million tonnes per annum. The crushing plant provides feed to a fine ore bin and this fine ore bin feeds the concentrator on a continuous 24 hour per day basis. The concentrator consists of reflux classifier, dual size steam, two stages of Heavy (or Dense) Media Separation (HMS) cyclones, with mechanical of the intermediate sink product. The final spodumene concentrate is stacked on a pad adjacent to the plant area, drained and prepared for trucking to port and bulk shipment to China. The James Bay lithium pegmatite project in Quebec, Canada contains indicated resources of 11.75 million tonnes grading at 1.30% Li₂O and inferred resources of 10.47mt grading at 1.20% Li₂O. The James Bay deposit occurs at surface and resource modelling indicates that the resource is amenable to open pit extraction.