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Company News
Lithium 2.0: Australia’s ticket on the global energy transition express
Lithium 2.0 is one way of describing the revival underway at the small end of a sector which is helping Australia play a leading role in the global energy transition – a thematic every investor should be following, or risk being left behind. A year ago, lithium was more of a graveyard for investors rather […]
Orocobre and Galaxy Resources merger will create significant global company as big players tackle the famed Lithium Triangle
A $4 billion lithium play will be created by the merger of Orocobre (ASX: ORE) and Galaxy Resources (ASX: GXY), both companies having major projects in South America’s “Lithium Triangle” that spans northern Argentina, Chile and southern Bolivia. Its timing is critical too: lithium demand prospects are at their most optimistic for years, the earlier […]
Traka Resources secures 100% of Mt Cattlin gold rights from Galaxy Resources
Exploration company Traka Resources (ASX: TKL) has inked a deal with Galaxy Resources (ASX: GXY) to secure rights to the advanced Mt Cattlin gold project within WA’s Ravensthorpe greenstone belt. Under the terms, Traka’s free carried 20% interest in the Mt Cattlin North tenements will be exchanged for 100% of the gold rights and other […]
Galaxy Resources underpins Mt Cattlin lithium mine as Chinese explosives customer signs offtake extension
Lithium producer Galaxy Resources (ASX: GXY) and Sichuan province’s Yahua International Investment and Development have varied their existing offtake agreement to add a three-year extension from January 2023. This comes against the background of a lithium market that is suffering weak demand. Yahua, part of the Sichuan Yahua Industrial Group, manufactures and sells civil explosives, […]
Galaxy Resources installs ore sorters to reduce basalt content of Mt Cattlin spodumene
Lithium miner Galaxy Resources (ASX: GXY) has completed a front-end optical ore sorter addition to its Mt Cattlin operations aimed at optimising the WA-based spodumene project in current market conditions. A scheduled summer outage saw the installation and commissioning of the sorters to upgrade and process low-grade ore which has been stockpiled at the project […]
Galaxy Resources plans for first production at Sal de Vida in 2022
Lithium miner Galaxy Resources (ASX: GXY) has revealed plans to make a final investment decision to develop its Sal de Vida lithium brine project by mid-2020, with first production anticipated in 2022. Today’s update is part of the company’s corporate strategy for 2020 and beyond, with Argentina-based Sal de Vida to be developed in stages. […]