Argentinian high-grade lithium brine developer, Galan Lithium Limited has announced the results of the Phase 2 definitive feasibility study (DFS) for its Hombre Muerto West (HMW) Project in Catamarca Province, Argentina.
The initial phase DFS was based on a production level of 5.37 ktpa lithium carbonate equivalent (LCE) in the form of lithium chloride concentrate.
The second phase has increased the overall annual production rate to 20,851 recoverable tonnes LCE, contained in a concentrated lithium chloride product for a period of 40 years. The results and analysis confirm Galan’s belief that the HMW Project is a tier one project in the lithium brine industry.
Galan’s Managing Director Juan Pablo (JP) Vargas de la Vega said the release of the Phase 2 DFS for Hombre Muerto West demonstrates the world-class nature of the project.
“The production volumes and low cost of production from HMW means it is truly worthy of being considered a tier one lithium brine project.
“These results fully support our DFS re-evaluation process and long-term production strategy, delivering a high-quality lithium chloride product into the market and providing Galan with strong early cash flows.”
JP said the financial outcomes are robust and include an approximate 2.9-year payback and a US$2 billion project net present value
“We are extremely confident about the future of HMW, both in the short and long term.
“Construction of Phase 1 is already well underway with the first evaporation pond already 15 per cent complete.”
