GXY 0.00% $5.28 galaxy resources limited

Ann: Trading Halt , page-11

  1. 12,414 Posts.
    gets a mention in this lithium article...

    http://agmetalminer.com/2009/05/13/evidence-points-to-few-supply-concerns-for-lithium-part-three/

    Future Production

    The Chinese plan to expand brine based capacity to 85,000 tonnes by 2010 but it is known that they are having serious problems with the high magnesium/lithium ratios in two of their brine sources.

    In addition to current operations there are several projects in the pipeline. Three pegmatite based operations are being evaluated, one each in Australia (Galaxy Resources), Canada (Canadian Lithium) and one in Finland (Keliber Resources) with combined in situ reserves of 124,000 tonnes Li.

    In Argentina, the Salar de Rincon project is targeted to produce 17,000 tpa carbonate and the Salar de Olaroz, further north, is being evaluated by Orocobre.
 
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