Galan Lithium Confirms Tier One Status for Hombre Muerto West Project

Galan Lithium Limited ( (AU:GLN) ) has issued an announcement.

Galan Lithium Limited has announced the results of its Definitive Feasibility Studies (DFS) for the Hombre Muerto West Lithium Brine Project in Argentina. The studies confirm the project’s Tier One status, with a significant increase in mineral resources and ore reserves. The company highlights the economic viability of the project, although it notes that further steps and funding are required to bring the project into production. The outcomes are based on certain economic assumptions, and any changes in these assumptions could impact the project’s financial results.

The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Galan Lithium Limited stock, see the AU:GLN Stock Forecast page.

More about Galan Lithium Limited

Galan Lithium Limited operates in the mining industry, focusing on lithium extraction and production. The company is involved in developing lithium brine projects, particularly the Hombre Muerto West project in Argentina, which is a significant focus of its operations.

YTD Price Performance: -28.57%

Average Trading Volume: 2,917,793

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$94.58M

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