Ann: Mt Cattlin Production Update, page-4

AS ASX ANNOUNCEMENT / MEDIA RELEASE
X ANNOUNCEMENT / MEDIA RELEASE
GALAXY RESOURCES LIMITED ABN: 11 071 976 442
Suite 8 / 18 Kearns Crescent, Ardross WA 6153 T: +61 (8) 9215 1700 F: +61 (8) 9215 1799
www.galaxylithium.com
Australia
10 February 2017
MT CATTLIN PRODUCTION UPDATE
Galaxy Resources Limited (ASX: GXY) (“Galaxy” or the “Company”) is pleased to provide the following update on its Mt Cattlin Project at Ravensthorpe, Western Australia.
Production Update
Galaxy is pleased to announce it has successfully reached 90% of nameplate throughput with peak feed rate at 95% of design. During February, the Mt Cattlin Operations will continue to increase its throughput and is expected to reach the nameplate design of 210tph within the next week.
The Company has scheduled its second lithium concentrate shipment for late February, with the vessel MV Blessing SW called for an estimated berth on or around 24 February. The shipment will contain an anticipated 15,000 WMT (plus or minus 10%) with product grade averaging 5.5% Li2O and a low 2% mica concentration.
Recent feed grades of 1.1-1.3% are in line with reserve modelled grades. Ore BCM is currently exceeding short term schedule with a ramp up of mining equipment in February to maintain the long term schedule.
The Company will detail future shipments in the quarterly reports going forward.
Spodumene Concentrate Stockpile at Esperance Port
AS ASX ANNOUNCEMENT / MEDIA RELEASE
X ANNOUNCEMENT / MEDIA RELEASE
GALAXY RESOURCES LIMITED ABN: 11 071 976 442
Suite 8 / 18 Kearns Crescent, Ardross WA 6153 T: +61 (8) 9215 1700 F: +61 (8) 9215 1799
www.galaxylithium.com
—ENDS—
For more information, please contact:
Corporate Media Enquiries (Australia)
Nick Rowley John Gardner
Director – Corporate Development Citadel-MAGNUS
+61 (8) 9215 1700 +61 413 355 997 or +61 (8) 6160 4901
[email protected] [email protected]