MT CATTLIN (RAVENSTHORPE)

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.

Galaxy Resources Limited today announced that it has received the Environmental Approval for its Jiangsu Lithium Carbonate Plant. The final Environment Approval Report has been approved by the Jiangsu Province Environmental Bureau. This approval is an important step toward full project approval for the company’s Jiangsu Lithium Carbonate Plant. The Mt Cattlin Project in Western Australia will produce 137,000 tonnes of spodumene concentrate per year at its onsite processing facility which will be shipped to the company’s downstream processing facility in the Jiangsu Province of China.

Galaxy Resources announced that it has secured Mining Approval from the Department of Mines and Petroleum for its Mt Cattlin Spodumene Project, near Ravensthorpe, Western Australia. The granting of Mining Approval marks the final stage of pre-development for the Mt Cattlin project, effectively enabling the Company to commence mining and production in Q3 2010. With Works Approval already secured, Galaxy is scheduled to commence construction of the project including earthworks and the minerals processing plant in the second week of November 2009.