GLN 5.71% 16.5¢ galan lithium limited

Galan Twitter, page-710

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    I hope they are visiting Catalina in the north as they plan to drill it soon. If you recall Catalina is not included in our current resource estimate and I am very optimistic that it will hold high grade material Li (as will Santa Barbara and Casa del Inca III which are also not yet included in our resource estimate). I also think Pucara del Salar is yet to be included in our resource estimate...

    See map below for reference, our current 2.3 MT (at a staggeringly high 946 mg/l) covers Pata Pila, Deceo III, Del Condor and Rana de Sal I, II & III. I see at least 1-3 MT upside from adding Catalina, Pucara del Salar and Casa del Inca III, which is all contiguous with the existing HMW resource, and who knows for Santa Barbara in the South?

    FYI I also see material upside within existing areas from extensions and from new data superseding very conservative assumptions used in existing resource estimate (particularly the specific yield assumptions).

    This is why I expect the total HMW (including all areas) to ultimately reach ~5 MT (if not more when you consider POSCO increased their an initial deal resource of 2.5 MT to a massive 13.5 MT and our total km2 is quite similar to theirs...

    https://hotcopper.com.au/data/attachments/4398/4398070-4ee0bf34d432d097e5f97b56eb334d2c.jpg

 
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