GXY 0.00% $5.28 galaxy resources limited

Ann: Quarterly Activities Report, page-91

  1. 2,848 Posts.
    lightbulb Created with Sketch. 994
    yes and primary grade carbonate produced by the pilot plant as soon as it is done this quarter can be:
    1. Sold on market for profit
    2. refined to battery grade carbonate off-site and then marketed to offtakers
    3. after offtakers have seen the battery grade product, it can be sold again on market.

    battery grade carbonate can be refined and sold from the one single pilot pond that we all saw. It is not at all necessary to wait for all the ponds to fill to start producing the carbonate. I mean the first pond is being concentrated in the sun right now. That will feed the pilot plant once commissioned this quarter.
    The time required to concentrate this brine also dropped by almost a half (1.2% vs 2.1% concentrate)

    further modules can then be added on post FID



    not advice
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.