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Galan Lithium Ltd.
Summary
| Project: | Hombre Muerto | |
|---|---|---|
| Deposit: | Hombre Muerto West | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 6/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-6-2020: Galan Lithium Ltd. announces a Resource Estimation report for its Hombre Muerto West deposit at the Hombre Muerto project. Upgraded Mineral Resource for Hombre Muerto West. Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased | |
| Resources: | (Resources, Ind.): 272Mm3 Brine @ 946mg/l Li (257kt Li) at Hombre Muerto West | |
| CP/QP: | [Resource] Michael Cunningham (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce a revised JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West lithium brine project located in Catamarca province, Argentina. The resource estimate was completed by the Company’s consultants SRK Consulting (Australasia) and was conducted by their Australian based team. The maiden Hombre Muerto West resource estimate (ASX: GLN 12 March 2020) has now been updated by SRK Consulting to include the recent acquisition of Deceo III, adjacent to the Pata Pila licence area. Additionally, the resource estimate was re-classified from Inferred to Indicated as part of the revision. This re-classification was based on several factors including the increased land holding in the area, the resulting contiguity of the hydrogeologic domains and the more robust QA/QC work completed to support the assessment. Deceo III, Pata Pila and Rana de Sal have been combined to produce an indicated resource of 1,372,466 tonnes of contained lithium carbonate equivalent (LCE) product grading at 946mg/l Li (with no Li cut off). A summary of the HMW mineral resource, is provided in the Mineral Resource Statement (Table 1). | |
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