Ann: Galaxy Ships First Spodumene from Mt Cattlin, page-15

re: Ann: Galaxy Ships First Spodumene from Mt... Hi mmartin,
Thank you again for your information & the link to
GXY's site.

The 6% Li content of GXY's spodumene is not the issue.

The issue is the cost of quarrying and crushing the rock vis-a-vis that of Talison.
To process I ton equivalent of lithium GXY has to quarry & crush 92.59 tons of rock. (Ore 1.08% li)
For 1 ton of lithum Talison has to quarry & crush
28.57 tons of rock(Ore 3.5% Li)
Thats 69% less rock to process.

Given that GXY has not yet published its cost of production, then all we can do is to compare
its costs with that of its peer.