Galaxy Resources

Galaxy Resources Limited is an Australian public mining company. It is listed on the Australian Securities Exchange.

Galaxy Resources Limited
Public
Traded asASX: GXY
IndustryMining
Founded1996[1]
HeadquartersApplecross, Western Australia
Key people
Martin Rowley (Chairman)
Simon Hay (CEO)
Alan Rule (CFO)
ProductsSpodumene, lithium carbonate/hydroxide
Websitewww.gxy.com

Overview

Galaxy Resources is a lithium mining company with projects in Australia, Canada and Argentina.[2]

Galaxy owns and operates the Mt Cattlin spodumene-tantalite mine at Ravensthorpe, Western Australia.[2] The mine operated between 2009 and 2012 before being placed on care-and-maintenance between 2013 and 2016. Following a plant refurbishment, mining at Mt Cattlin recommenced in March 2016, with first tantalum production in May 2016.[3][4][5]

The Sal de Vida lithium and potash brine project, located in Argentina's Salta and Catamarca provinces, and the James Bay Lithium Pegmatite Project in James Bay, Quebec, Canada are at a development stage.[6]

In May 2016, Galaxy announced a merger with its joint venture partner in the Mt Caitlin mine, General Mining Corporation.[7]

Galaxy also agreed to sell the northern package of tenements on the Hombre Muerto salar to South Korean conglomerate POSCO for US$280 million on 29 May 2018. The sale allows the company to maintain the original reserves of 1.14 million tonnes LCE, and a new 4.09 million tonnes LCE resource for the Sal de Vida project.[8]

References
  1. "Galaxy Resources". Financial Times. Retrieved 23 July 2018.
  2. "Corporate overview". Applecross Western Australia: Galaxy Resources Limited. Retrieved 6 May 2018.
  3. "Barnett opens Galaxy's Mt Cattlin spodumene project". 6 November 2009. Archived from the original on 30 April 2012.
  4. Kagi, Jacob (20 March 2013). "Lithium mine shut down in blow to Ravensthorpe".
  5. "Investor Presentation" (pdf). Ardross, WA: Galaxy Resources Limited. 30 August 2016. p. 5. Retrieved 3 September 2016.
  6. McKinnon, Stuart (8 February 2017). "Galaxy confirms $61m raising from placement". The West Australian. Perth, WA. Retrieved 6 May 2018.
  7. Ingram, Tess. "Galaxy Resources and General Mining in $700m lithium merger". Sydney Morning Herald. Retrieved 31 May 2016.
  8. "FINAL BOARD APPROVAL RECEIVED FROM POSCO AND BINDING AGREEMENT EXECUTED TO SELL NORTHERN PACKAGE OF TENEMENTS AT SAL DE VIDA" (PDF). ASX Ltd.
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