Ease of Operations: Mt Cattlin is a simple, relatively risk free open-pit mine with easeof accessibility. The processing of spodumene to lithium carbonate is a time tested andwell understood process. The Company can easily upgrade the ore by simple crush andheavy media separation. Also the China plant has all required utilities on site and all keyreagents are available in a nearby region. This has helped to reduce operational risks
Potential to Capitalize on the Future Demand of Lithium: Galaxy Resources haspositioned itself to meet this future lithium demand by not only mining the lithium, butalso by downstream processing to supply lithium carbonate to the expanding Asianmarket
Advantage of Operating in China: Galaxy has a manufacturing base in China whichwill reduce operating costs for the Company. It already has off-take arrangements inplace for all production from the Jiangsu plant
Off-take Arrangements in Place: The Company has entered into off-take frameworkarrangements for 17,000 tpa of lithium carbonate with Mitsubishi Corp and 13 majorcathode producers in China
Interest in Future Global Rare Earths Supply: Galaxy has announced positive resultsfrom a review of the Company's 100% owned Ponton Rare Earths Project (?PontonProject?), which has been held by Galaxy since 2003. The Ponton Project is located 200 km east of Kalgoorlie in the eastern Goldfields region of Western Australia, 70 km northof the Trans-Australian railway line. It comprises a single Exploration Licence Application(E28/1317) covering about 206 sq km
GXY Price at posting:
19.7¢ Sentiment: LT Buy Disclosure: Not Held
