Galaxy Resources Limited Commences Production At Mt Cattlin
05.10.2010 | ABN Newswire
09:59 AEST Oct 5, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (ASX: GXY) (PINK: GALXF), is pleased to announce that the Company has commenced lithium concentrate (spodumene) production at Mt Cattlin.
The production start up is on schedule and follows the successful commissioning of the crushing circuit and heavy media plant. Over the coming weeks, spodumene throughput will be progressively ramped up until the design capacity is reached on a continuous basis.
Galaxy Resources Managing Director, Mr Iggy Tan, said this important milestone was achieved on the back of an accelerated and highly successful construction program.
'Since ground was first broken at Mt Cattlin in November 2009, Galaxy has achieved first production of lithium concentrate in less than 11 months and we are very proud of this achievement,' he said.
'Pleasingly, there were no lost time injuries throughout the construction, commissioning and start-up process and we are firmly focused on maintaining that record.'
Mr Tan said Galaxy expects to export its first shipment of spodumene product to China in November.
About Galaxy Resources Limited:
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) 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.
Contact:
Iggy Tan, Managing Director
Galaxy Resources Limited
Tel: +61-8-9215-1700
Mob: +61-419-046-397
www.galaxyresources.com.au