Galan Lithium Limited (ASX:GLN)

Juan Pablo Vargas dela Vega
MD
Market Cap (AUD): 204.21M
Sector: Materials
Last Trade (AUD): 0.785 -0.06 (-7.65%)
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1. About

Galan Lithium Limited (ASX:GLN) is a mineral exploration company with rights and rights to earn a 100% interest in lithium brine projects in Argentina.

Hombre Muerto is proven to host the highest grade and lowest impurity levels within Argentina and is home to Livent Corporation’s El Fenix operation and Galaxy Resources (ASX:GXY) and POSCO’s Sal de Vida projects.

Galan has two projects:

Candelas:  a ~15km long by 3-5km wide valley filled channel which project geophysics and drilling have indicated the potential to host a substantial volume of brine and over which a maiden resource estimated 685kt LCE (Oct 2019).

Hombre Muerto West (HMW): a ~14km by 1-5km wide of the west coast of Hombre Muerto salar neighbouring Livent Corp to the east. HMW is currently comprised of four concessions and an additional two concessions under an option agreement from Portofino Resources Inc.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk