PERTH (miningweekly.com) − Lithium producer Galaxy Resources has lifted the contained resource at Mount Cattlin, in Western Australia, by 14%, expanding the mine life expectancy to 18 years.

Mount Cattlin now hosts 197 000 t of contained lithium oxide.

MD Iggy Tan said on Tuesday that recent drilling, modelling and evaluation had boosted both the resource and reserves at the Mount Cattlin project, with total resource ore tons increasing by 2,31-million tons from the previous estimate. The measured and indicated mineral resource was up 12%, or 1,5-million tons to 13,8-million tons.

Galaxy produced its first lithium concentrate from Mount Cattlin in October last year, with the mine producing some 137 000 t/y of lithium oxide spodumene concentrate, at full production.

The company also owns the Jiangsu lithium carbonate plant, which would have a 17 000 t/y capacity, once completed.

Earlier this month, Galaxy postponed its planned initial public offering on the Hong Kong stock exchange (SEHK), owing to unfavourable financial market conditions.


ASX-listed Galaxy initially planned a secondary listing on the SEHK by the end of the current quarter, after shareholders voted in favour of the listing in December.


 

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