GXY 0.00% $5.28 galaxy resources limited

Ann: Mt Cattlin Mining Approval Granted , page-2

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    GALAXY SECURES MINING APPROVAL FOR MT CATTLIN

    5 November 2009
    Emerging lithium producer Galaxy Resources Limited (ASX: GXY) today announced that it has secured Mining Approval
    from the Department of Mines and Petroleum (DoMP) for its Mt Cattlin Spodumene Project, near Ravensthorpe, Western
    Australia.
    The granting of Mining Approval marks the final stage of pre-development for the Mt Cattlin project, effectively enabling the
    Company to commence mining and production in Q3 2010. With Works Approval already secured, Galaxy is scheduled to
    commence construction of the project including earthworks and the minerals processing plant in the second week of
    November 2009.
    Managing Director, Mr Iggy Tan, said the approval represented a very significant milestone for the development of the Mt
    Cattlin Spodumene Project.
    “With Mining Approval and full funding in place we look forward to having the Mt Cattlin mine up and running by Q3 2010,”
    Mr Tan said. “This will allow us to capture the near term opportunity of the growing lithium market and deliver returns to
    shareholders.”
    “The project will employ a residential workforce of approximately 70 to 100 people,” he said.
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