https://www.engineeringnews.co.za

Falling grades bring down Mt Cattlin production - Galaxy

18th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Lithium miner Galaxy Resources has seen a 35% fall in production during the September quarter, as grades at the Mt Cattlin operation, in Western Australia, declined.

Lithium concentrate production during the third quarter reached 31 156 t, down from the 47 901 t produced in the previous quarter.

Galaxy on Thursday said that total mining volumes also decreased by 8% on the previous quarter, which was the result of a delay in receiving permits to allow planned mining access east of Floater Road.

All the necessary permits were received in the first week of October, and mining has now started in this area.

Meanwhile, concentrate sales volumes also declined by 35% for the quarter under review, down to 29 555 t, from the 45 761 t reported in the previous quarter.

During the quarter under review, Galaxy entered into a binding agreement with Korea’s Posco to sell a package of tenements in the northern area of the Salar de Hombre Muerto asset, in Argentina, for $280-million.

The funds will be used to progress the development of the Sal de Vida project, of which Galaxy would retain full ownership, and which is estimated to host a reserve of 1.14-million tonnes of lithium carbonate equivalent.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.047 0.217s - 140pq - 2rq
Subscribe Now