Mr Tse reiterated the company’s downstream processing ambitions, with long-term plans to become an integrated producer of battery chemicals.
“Ultimately, our business plan is not just fixated on producing concentrate from Australia but very much focused on producing lithium chemicals from a portfolio of assets in different time zones and regions around the world,” he said.
Mr Tse hinted at cash returns to shareholders next year given Galaxy’s debt-free status and the $450 million in cash and liquid assets it would have in the next month.
GXY Price at posting:
$2.46 Sentiment: Buy Disclosure: Held