GLN 8.73% 28.8¢ galan lithium limited

Absolutely...looking forward to HOOPZ new bubble chart changing...

  1. 2,604 Posts.
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    Absolutely...looking forward to HOOPZ new bubble chart changing GLN to GREEN!!

    And remember, these Phase 1 ponds and production wells are all also in service of Phase 2+ and so we are definitely now on our way and have started construction on what will eventually be a 40-45ktpa LCE HMW development with a 15-20ktpa Candelas kicker on top of that (but my personal preference would be to sell or JV out Candelas to help fund HMW). The genius in the Phased approach is really schedule acceleration and not tieing the start of construction to one big DFS and Investment Decision...we could be filling the first pond by year end 2023 if all goes well and then have our first high grade 32% LCE chloride by year-end of 2024 (but company target is H1 2025). Also nice to see the permit included another 6 wells!!!! I assume may of those will actually be fore Phase 2 given we already have the production wells drilled for Phase 1 rates!! Read between the lines here folks...we are 100% off and running on the full project!

    This is actually HUGE news and a big de-risker of the full project as it gives near 100% confidence that the future Phase permits will come on time top maintain construction schedule and allow the contractors to seamlessly transition from Phase 1 to Phase 2 construction with no down-time or demobilisation/mobilisation of equipment...

    Funding and Offtake next....(actually resource upgrade will be next to include the north tenements, where I expect at least 1MT to be initially added and then more with time and a few more wells)...

    GLTAH!

 
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