HMW is likely to host over 3 million tons LCE, imo.
Galan’s Managing Director, Juan Pablo (“JP”Vargas de la Vega, said:
“We are pleased to be able to return to HMW, this time to drill for Reserves. With our new funding, Galan will also test new undrilled areas aiming to firm-up and increase resources. We want to prove that HMW could have a productive well field to support potential production as part of the DFS.”
The HMW project currently houses a high-grade, low impurity lithium brine resource of ~2.3Mt LCE @ 946mg/l Li.
China lithium carbonate battery grade continues to climb, currently sitting at USD$15,883/t. The high price is up to USD$17,111/t.
Compelling opportunity, page-2727
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