GLN 9.09% 12.0¢ galan lithium limited

General Discussion Banter GLN, page-15846

  1. 344 Posts.
    lightbulb Created with Sketch. 516

    Moin,
    well worth reading:

    https://mineriasustentable.com.ar/contenido/12300/viaje-al-corazon-de-fenix-en-el-salar-del-hombre-muerto-asi-funciona-la-operacio

    “DLE is now a generic method; there are many ways to extract lithium as an impurity. We use the adsorption method (with a “d”), which also allows chloride production, although it uses more water,” says Mancuso.

    In any case, the company has tackled the restoration of this section and, following the construction of an aqueduct, now uses water from the Los Patos river, whose flow is ten times greater than that of the Trapiche. ‘We don't use any surface water and utilise less than 10% of the aquifer,’ says Mancuso.

    The study, published by BMW and subject to review in journals such as Earth's Future and Nature Geoscience, says among other things that brine extraction in the eastern sub-basin of the Salar del Hombre Muerto “will result in the reduction of less than one meter of localized groundwater and will probably have no observable impact at the aquifer scale on surface water in the next 100 years.” The same is said about the impacts on the water flow of the Los Patos River
    ” According tothe study, published in 2022, the restoration of the Vega del Trapiche “depends on restoring surface water flows.”

    This study i referred to in Post #: 75478847
    Two things are noteworthy about the judgement(6 months ago):
    The judgement ignores the polluter pays principle because Arcadium, the only company currently producing in the affected area, is allowed to blithely continue producing without restrictions.
    The judges ignored the existence of an existing, comprehensive environmental impact study for the Salar Hombre Muerto. This was not taken into account before the judgement was handed down.


    At the plant in Güemes, Salta, Juan Carlos Aybar explains to visitors the stages through which the lithium brine they receive from Fénix, which arrives every day in three tanker trucks with a cargo of about 30 tons each, is purified until it is transformed into lithium chloride. The carbonate, he says, is more similar to flour and the chloride to sugar, although it is very difficult to see the difference. The Güemes plant, he says, served to keep the operation of “Minera del Altiplano” alive in 2003, when the price of carbonate was at rock bottom.

    As for the output of production, 60% is through Chilean ports (Antofagasta or Mejillones) and 40% through the port of Buenos Aires.

    ...and its most recent innovation,
    Liovix, a metallic lithium that it produces in Canada and is used to print the anodes of lithium batteries and improve their operation.

    I like to remember what the CEO of LTM said in an interview with "Rock Stock Channel" in March:

    https://hotcopper.com.au/data/attachments/6452/6452527-ed09548abd511e0d3794494835d42e81.jpg

    ...first and foremost lithium chloride really only has two uses largely and that's either to be converted into carbonate or to be converted into lithium metal if you convert it into lithium metal it's going to happen in China.

    The thought that you will be allowed to basically ship large quantities of brine from these resources to China it's not very likely and my conversations with the permitting agencies in Catamarca and in other areas suggest that they are not going to willingly allow that.


    And I think if you were to say to Glencore,
    look, we found someone to convert that chloride into carbonate, they would be very, very grateful...

    Well, how quickly times can change....everything flows smile.png

 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.010(9.09%)
Mkt cap ! $60.80M
Open High Low Value Volume
11.0¢ 12.5¢ 11.0¢ $518.0K 4.475M

Buyers (Bids)

No. Vol. Price($)
1 50000 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 1573785 9
View Market Depth
Last trade - 16.10pm 11/09/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.