GLN 3.57% 13.5¢ galan lithium limited

Ann: Phase 1 HMW DFS Delivers Compelling Economic Results, page-128

  1. 2,604 Posts.
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    Was a great session and well worth the 90 odd minutes... for the Galan holders short on time, in the below recording let me point you to between 35:55 - 37:41 and 1:20:20 - 1:20:40.

    Here is the associated transcript for those two sections where Galan was discussed or inferred:

    Joe Lowry: "Well Daniel you you guys at Galan are the the hard rock of brine though, I mean liquid spodumene is a great concept, so there's there's more than one way to skin the cat."

    Daniel Jimenez: "Absolutely, and Argentina will have in the in the in the next 5-6 years, probably around 10 projects operating, all of them, concentrating lithium in the form of lithium chloride and then refining it into lithium carbonate or converting it into lithium carbonate. So at Galan, yes our bet there is that we're going to produce lithium chloride concentrate, highly concentrated, higher than than the rest of the Argentinian projects have, and that's a product which can be shipped all over the world. We did it at for years at SQM, for 10 years we did ship lithium concentrates to China at very convenient conditions. And that's what we are betting to be able to replicate with Galan to get our lithium chloride sold within the existing pool of projects which are there in Argentina, or alternatively to get it toll produced into lithium carbonate. It's a concept which in which we think there will be idle capacity toconvert and therefore the opportunity will be there, and the fact that capacity will be there to convert is because concentrating brine is a big challenge. It's a difficult, it's not easy, we have seen it in the past, Oracobre was a good example of that and we'll probably see very similar situations with new projects coming up.”
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    ...
    ...
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    Joe Lowry: "North America is going to find itself continuing behind the curve and they may have to, may have to depend on liquid spodumene from South America when it's all said and done "

    Daniel Jimenez: " That sounds good.” [CHUCKLE]

    LINK TO RECORDING

    Last edited by spovend: 05/07/23
 
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