Ann: Quarterly Activities Report - June 2019, page-40

From the Australian...

Galaxy tops Q2 forecasts, affirms CY19Galaxy Resources has affirmed its full year guidance as its second quarter production topped guidance.The miner produced 56,460 dry metric tonnes of lithium oxide from its Mt Cattlin project, exceeding its guidance of up to 50,000 dmt and at a unit cash cost of $US337 ($478) making it one of the lowest cost lithium concentrate operations in the world.Despite the strong quarter, the company reaffirmed its full year guidance for between 180,000 to 210,000 dmt, with Q3 targets of between 45,000 to 55,000dmt.New chief Simon Hay has taken the reins since the start of the month, and “has immediately turned his attention to engaging with each of the individual project teams and key Galaxy stakeholders”.