Galaxy Resources Limited (ASX:GXY) Extracts First Ore At Mt Cattlin
Perth, Australia (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce that it has commenced extracting ore from the Dowling Pit after a four month pre-strip mining program at its Mt Cattlin Spodumene Project.
The first shallow pegmatite ore has been exposed in the east of Pit 1A, and pre-strip mining of Pits 1A and 1B is continuing.
Galaxy Resources Managing Director, Mr Iggy Tan, said achieving this milestone would guarantee supply of run of mine ore for the commissioning of the Mt Cattlin processing plant during the third quarter of 2010.
'Both the Company and the mining contractor, Orionstone Pty Ltd, have worked well at meeting the mining schedule,' Mr Tan said.
The operational workforce on site, excluding construction personnel has now grown to 71 people.
'Galaxy's operations team has now been recruited and has commenced an extensive training program.'
About Galaxy Resources Limited:
Galaxy Resources (ASX: GXY) is an emerging mining and chemical company focusing on lithium and tantalum production. Galaxy is at an advanced stage of developing its Mt Cattlin Lithium Project (hard rock spodumene) in Ravensthorpe, Western Australia. The Project encompasses a mine and minerals plant which will produce 137,000 tpa of 6% Li2O spodumene concentrate. Galaxy intends to add value to the Mt Cattlin Project by establishing its own downstream lithium processing facilities in China.
The Company is finalising plans to establish a lithium carbonate chemical facility in Jiangsu Province, producing 17,000 tpa of lithium carbonate.
Source:
Galaxy Resources Limited
Contact:
Iggy Tan
Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Mob: +61-419-046-397
www.galaxyresources.com.au