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GALAXY RESOURCES LIMITED

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ASX:GXY (AUD)  1.57 [-0.05 (-3.09%)] Nov 20 2009 - Close

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Type: Public
Classification: Track
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16 ORD STREET, LEVEL 2
WEST PERTH
Western Australia
Australia, 6005
Phone: +(618) 9215 1700
Fax: +(618) 9215 1799

Company Summary

Galaxy is an industrial minerals company focusing on lithium production. Galaxy has completed a definitive feasibility study (DFS) which demonstrates that the Mt Cattlin Lithium / Tantalum project (Ravensthorpe, Western Australia) is commercially viable based on a processing rate of 1 million tonnes per annum over a 15 year mine life.

Company News

Wednesday, November 18, 2009
Galaxy Resources (GXY) completed half of a 9,260m RC drilling program aimed at upgrading and extending resources at the Mt Cattlin Spodumene Project near Ravensthorpe in Western Australia. A new zone of lithium-bearing pegmatite mineralisation discovered to the northwest of the current resource was reported with best intercepts of 16m @ 1.35%Li2O in GX1054 and 9m @ 2.13%Li2O in GX947. Some extension of the resource to the south west is evident. Several holes intersected significant pegmatite mineralisation, including 5m @ 1.93% Li2O in GX926 and 4m @ 1.82% Li2O in GX925. In the east of the Mt Cattlin resource, infill and minor step out drilling returned best results including 9m @ 1.78% Li2O in GX968 and 9m @ 1.41% Li2O in GX969.

News Releases

Thursday, November 19, 2009
Wednesday, November 18, 2009
Wednesday, November 11, 2009

Mineral Properties Map

Map Legend:
ProducerProducer
Past ProducerPast Producer
DevelopmentDevelopment
ExplorationExploration
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