Galan Lithium Limited

Galan Lithium Limited (ASX: GLN) is a lithium exploration and development company focused on brine assets in Argentina's Hombre Muerto salar. The company has delineated a total lithium resource of 7.3Mt LCE with an average grade of 852mg/l Li, with over 72% in the Measured category. Galan's flagship project is the 100% owned Hombre Muerto West project, located within 20km of prominent producers Livent, Allkem and POSCO.

The Hombre Muerto West project is currently at an advanced stage, having recently completed Definitive Feasibility Studies for initial production of 5.4ktpa LCE in 2025, expanding to 20.9ktpa LCE in 2026. Galan has already commenced construction at Hombre Muerto West, with the first evaporation pond 35% complete. The company is targeting first production of high purity, low impurity lithium chloride concentrate in H1 2025.

In addition to Hombre Muerto West, Galan has an earn-in agreement over the Candelas project, also located in the Hombre Muerto salar. Candelas contains an additional indicated and inferred resource of 0.6Mt LCE at 756mg/l Li. The advanced exploration assets provide Galan a pathway to achieving total production capacity of 60ktpa LCE by 2030 through a staged, capital efficient expansion.