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Galaxy Resources Ltd.
Summary
| Project: | Mt Cattlin | |
|---|---|---|
| Deposit: | Mt Cattlin | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-3-2020: Galaxy Resources Ltd. announces a Resource Estimation report for its Mt Cattlin deposit at the Mt Cattlin project. Updated Mineral Resources and Reserves at Mt Caittlin. Galaxy Resources Limited (ASX: GXY, “Galaxy” or the “Company”) is leveragi | |
| Resources: | (Reserve, P+P): 8.2Mt @ 1.29% Li2O, 155ppm Ta2O5 | |
| CP/QP: | [Resources]: David Billington (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Galaxy Resources Limited (ASX: GXY, “Galaxy” or the “Company”) is leveraging off its portfolio of world-class assets to create a sustainable, large scale, global lithium chemicals business. The Company reports an update to its Mt Cattlin Mineral Resource and Ore Reserve estimates as at 31 December 2019. Mineral Resource and Ore Reserve estimates at the Sal de Vida Project in Argentina and the James Bay Project in Canada have not changed during 2019. A summary of the annual review undertaken at Mt Cattlin, and the revised Mt Cattlin Mineral Resources and Ore Reserves as at 31 December 2019, is detailed below. Comparative tables from 31 December 2018 are also provided for reference. The current Mineral Resource and Ore Reserve estimates for Sal de Vida and James Bay are included in Appendix 1 for reference. In 2019, Mt Cattlin Mineral Resources were depleted by ~2.1Mt from mining operations. No additional resource definition drilling occurred during 2019 and estimates are based on Mt Cattlin’s Mineral Resource as at 31 December 2018. Galaxy actively maintains reconciliation of in-situ resource depletion (estimated) and reported (actual) metrics, as well as stockpile accumulation, on a monthly and annual basis. | |
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