Galaxy Resources: Mt Cattlin, Early Mover In Lithium Project Pipeline
Edison | Dec 19, 2016 06:13AM ET
Galaxy Resources Ltd (AX:GXY) has signed binding agreements for 2017 delivery for 120,000 tonnes of lithium concentrate at US$830/t with upside to US$905/t at higher concentrate grades. Mining has started, the process plant is operating continuously and trucking of concentrate to the port has commenced with the first export shipment expected by the end of December 2016.
Innovation in lithium concentrate processing
The extent to which the process plant at Mt Cattlin has been redesigned may not be fully appreciated. An enormous amount of work has been done to increase its earnings capability. The scope has included a 100% increase in throughput capacity, additional circuits to remove deleterious mica, measures to significantly increase the grade of the concentrate and steps to increase recoveries. Production tests are still underway to maximise revenue by optimising recoveries and concentrate grades.
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Galaxy Resources - Mt Cattlin - Early Mover In Lithium Project Pipel
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