Announcement Date: 2022-10-24
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Galan Lithium Ltd.
Project name: Hombre Muerto
Location: Argentina
Commodities: Lithium
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a substantial increase in its JORC (2012) reported Mineral Resource estimate for the Hombre Muerto West Project (HMW Project) located in Catamarca Province, Argentina. The revised Mineral Resource estimate was completed by the Australian based team of leading independent geological consultants, SRK Consulting (Australasia) (SRK). The initial HMW Project Mineral Resource Estimate (refer Galan ASX release dated 12 March 2020) was prepared by SRK and further updated by them on 17 November 2020. Subsequently, SRK incorporated new data gathered during exploration campaigns completed in 2021-2022 and also considered the acquisition of the Casa del Inca I tenement (now formally Casa del Inca III, see Figure 1 for location). Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, said: “Even the Galan team has been amazed by the scale of this updated Resource for Hombre Muerto West. The outcome is game changing in terms of the step-up in the overall technical and economic potential of this world-class lithium brine asset. This is a function not only of the size of the increase in resource, but also the big step-up
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