Tuesday, July 22, 2025
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
No Result
View All Result
Home Investing

Galan’s Mineral Resources grow to 9.5 Mt LCE

admin by admin
January 29, 2025
in Investing
0
Galan’s Mineral Resources grow to 9.5 Mt LCE
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a material increase in its JORC (2012) Mineral Resource estimate for its 100% owned Candelas Project (Candelas or the Project) located in the Catamarca Province, Argentina. Galan engaged SRK Consulting (Australasia) Pty Ltd (SRK) to update the Mineral Resource Estimate (MRE) of Lithium Carbonate Equivalent (LCE) and potassium chloride equivalent (KCl).

  • 100% owned Candelas Mineral Resource grows by more than 150% to 1.6Mt LCE.
  • Galan’s Hombre Muerto resource position (9.5 Mt LCE) places it within the top 10 of lithium construction and production projects globally (1)
  • Material increase at Candelas provides greater optionality in commercialising the Project
  • Significant upside potential also identified to further enhance the latest Candelas Mineral Resource

In late 2024, Galan completed surface mapping and undertook additional geophysics over Candelas and its surrounding environs. Based on this additional geoscience data, SRK remodelled the hydrogeological domains and re-estimated mineral resources for lithium, potassium, LCE, and KCl (potash), leading to the material increase in the Candelas MRE Estimate (Table 1).

Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan. We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.

On behalf of the Board and myself, I would like to thank our team and our consultants. With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.

Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Previous Post

Lobo Tiggre: Gold, Silver, Uranium, Copper — Bullish, but Pick Stocks Wisely

Next Post

AI Stocks and Their Impact on the Stock Market: Hype or Reality?

admin

admin

Next Post
AI Stocks and Their Impact on the Stock Market: Hype or Reality?

AI Stocks and Their Impact on the Stock Market: Hype or Reality?

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recommended

    Troy Minerals Completes LiDAR Survey at Table Mountain Silica Project, British Columbia

    Troy Minerals Completes LiDAR Survey at Table Mountain Silica Project, British Columbia

    November 25, 2024
    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 3, 2025

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    July 22, 2025
    John Feneck: Gold, Silver, Platinum, Copper — 8 Stocks to Play These Metals

    John Feneck: Gold, Silver, Platinum, Copper — 8 Stocks to Play These Metals

    July 22, 2025
    Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu

    Osisko Metals Gaspé Copper Project Intersects 645 Metres Averaging 0.28% Cu

    July 22, 2025
    Nuvau’s Gold-Focused Exploration Program Underway at Matagami

    Nuvau’s Gold-Focused Exploration Program Underway at Matagami

    July 22, 2025
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    The Real Drivers of This Market: AI, Semis & Robotics

    The Real Drivers of This Market: AI, Semis & Robotics

    July 22, 2025
    John Feneck: Gold, Silver, Platinum, Copper — 8 Stocks to Play These Metals

    John Feneck: Gold, Silver, Platinum, Copper — 8 Stocks to Play These Metals

    July 22, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
    • Home 6
    • Privacy Policy
    • Suspicious Page
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved