HMW Phase 1 Construction Update – Maiden Production on Target for H1 2025

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to provide a further update on the progress of construction activities at its 100% owned Hombre Muerto West (HMW) Phase 1 lithium brine project, with lithium chloride production expected in H1 2025. The highlights above demonstrate Galan’s activity and progress in advancing HMW towards production in a timely manner.

Highlights:

Pond 1 construction progressing on time; 85% completion level achievedOn-site laboratory commissioned for ongoing Li assayingLiner crew ready to mobilise; Pond 1 installation to commence before end of yearFill of pond 1 expected in Q1, 2024; evaporation process to commence this summerPond 2 construction expected to begin before year endPhase 2 EIA lodged with Catamarca Government

As previously announced, the HMW project was separated into four production phases. The initial Phase 1 DFS focused on the production of 5.4ktpa LCE of a lithium chloride concentrate by H1,2025, as governed by the approved production permits. The Phase 2 DFS targets 21ktpa LCE of a lithium chloride concentrate in 2026, followed by Phase 3 production of 40ktpa LCE by 2028 and finally a Phase 4 production target of 60ktpa LCE by 2030. Phase 4 will include lithium brine sourced from both HMW and Galan’s other 100% owned project in Argentina, Candelas.

Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:

“HMW Phase 1 construction progress is tracking along as planned. Galan’s experienced and competent construction team are entirely focused on delivering the first HMW production phase in H1, 2025 and remain enthusiastic and confident in doing so. The Pond 1 liner team is ready to mobilise with an expected commencement installation date in late December 2023 plus our onsite laboratory has just been commissioned for continual on site Li assaying as we move forward.”

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