Galaxy Resources Limited

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Galaxy Resources Limited Company Summary

Galaxy Resources Limited (ASX:GXY) is an Australian-based integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange and is a S&P/ASX 300 Index Company. Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will produce 137,000 tpa of spodumene concentrate and 56,000 lbs per annum of contained tantalum. The concentrated spodumene is shipped to Galaxy's wholly-owned Lithium Carbonate Plant in China's Jiangsu province. Once complete, the Jiangsu plant will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world. Galaxy is also advancing plans for a lithium-ion battery plant, to produce 350,000 battery packs per annum for the electric bike (e-bike) market. The Company also has a farm in agreement with TSX-listed Lithium One Inc to acquire up to 70% of the James Bay Lithium Pegmatite Project in Quebec, Canada. Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.

DIRECTORS / OFFICERS

Craig Readhead, B Juris LLb MAICD Non Executive Chairman Mr Readhead holds the degrees of Bachelor of Law and Bachelor of Jurisprudence from the University of Western Australia. He has spent the last 28 years practicing in the resources law area and was a partner of a major Perth Law firm before forming his own practice 11 years ago. He is now a partner of the law firm Allion Legal. Mr Readhead has had a significant role in the development of a number of mining projects within Australia, Africa and South East Asia. Mr Readhead is a director of a number of listed and unlisted companies. Iggy Tan BSc, MBA, MAICD Managing Director Mr Tan is an experienced operations manager with over 22 years of experience in the mining and chemical industry. He has also a proven background in both marketing and business development. Mr Tan has been in managerial roles with SCM Chemicals and Sons of Gwalia; and General Manager roles at Westlime, Iluka Resources (MW), Imdex Minerals and Metals X Limited. His responsibilities have included the commissioning and operations management of several significant mining and processing projects in Western Australia. During his time at Iluka, he won the Prime Minister’s Community and Business Partnership award for industry commitment to local communities in WA. Mr Tan is a former Chairman of the Western Australian Chamber of Minerals and Energy’s Murchison Regional Council. Mr Tan managed the Lithium Mineral and Lithium Carbonate plants at Sons of Gwalia, Greenbushes operations in 1995. Mr Tan was previously the Managing Director of Nickelore Limited. Robert Wanless Non-Executive Director Mr Robert Wanless is a prospector and mining investor with 33 years mining industry experience, he was employed by Placer Exploration Limited as a professional prospector and exploration supervisor covering South East Asia and Australia including exploration at Laloki, Watut and Pleysumi (PNG) and throughout Western Australia. Since then he embarked on all aspects of mineral exploration, assessment, acquisition, fieldwork, development and mining, mainly in Western Australia. He has negotiated numerous mining related sale and joint venture agreements with several International and Australian mining companies involving gold, base metals and industrial mineral properties. Recently he managed the Alicia Gold Mine in Western Australia. He is a past founding director of ASX listed Greenstone Resources NL.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	Level 2, 16 Ord Street
		West Perth, WA 6005
		Australia
	Telephone	+61-8-9215-1700
	Fax	+61-8-9215-1799
	Principal Sector	Materials
	Principal Industry	Mining & Metals
	Homepage	www.galaxyresources.com.au

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Key Developments: Galaxy Resources Limited

	Galaxy Resources Limited (ASX:GXY) Galaxy Sells First Lithium Carbonate from Jiangsu MAY 24, 2012 08:26 - Article Views: 225 Galaxy Resources Limited (ASX:GXY) is pleased to announce the sale of the first batch of lithium carbonate product (Li2CO3) from its wholly-owned Jiangsu Lithium Carbonate Plant ("Jiangsu" or "the Plant") in China, marking the first revenue stream from the Plant.
	Galaxy Resources Limited (ASX:GXY) EL and C Ballieu Research Report MAY 22, 2012 11:30 - Article Views: 253 Galaxy Resources Limited (ASX:GXY) is pleased to announce that an initiation of coverage company report has been completed by EL & C Baillieu Research, on Galaxy following the Company's proposal to merge with Lithium One Inc (CVE:LI).
	Galaxy Resources Limited (ASX:GXY) Welcomes Further Lithium Product Price Increases MAY 16, 2012 08:57 - Article Views: 365 Galaxy Resources Limited (ASX:GXY) welcomes the announcement by Rockwood Holdings Inc's. (NYSE:ROC) lithium division Rockwood Lithium ("Rockwood") regarding its decision to lift global lithium salts prices by US$1,000 per metric tonne.
	Galaxy Resources Limited (ASX:GXY) Lithium One (CVE:LI) Merger Information Circular MAY 15, 2012 09:08 - Article Views: 383 Galaxy Resources Limited (ASX:GXY) is pleased to advise that the Special Meeting of Securityholders of Lithium One Inc (CVE:LI) will be held on June 18, 2012. Attached is the Notice of Special Meeting and Management Proxy Circular ("NOM") where resolutions are to be voted on by Lithium One Securityholders relating to the merger of Galaxy and Lithium One as announced to the ASX on March 30, 2012.
	Galaxy Resources Limited (ASX:GXY) Raises $2.25 Million Through Share Purchase Plan MAY 1, 2012 14:29 - Article Views: 494 Galaxy Resources Limited (ASX:GXY) is pleased to announce it has raised A$2.25 million via a Share Purchase Plan ("SPP"), which was launched in conjunction with a A$30 million Placement ("Placement") to support the Company's recommended merger ("Proposed Merger") with Lithium One Inc (CVE:LI) ("Lithium One").
	Galaxy Resources Limited (ASX:GXY) Quarterly Activities and Cashlow Report - March 2012 APR 30, 2012 08:21 - Article Views: 151 Galaxy Resources Limited (ASX:GXY) is pleased to provide its Quarterly Activity Report for the quarter ended 31 March 2012.
	Galaxy Resources Limited (ASX:GXY) Seymour Pierce Research Report APR 26, 2012 08:27 - Article Views: 613 Galaxy Resources Limited (ASX:GXY) is pleased to announce that a research report has been completed by Seymour Pierce Equity Research, one of the UK's leading independent investment banks, on Galaxy following the Company's proposal to merge with Lithium One Inc (CVE:LI).
	Galaxy Resources Limited (ASX:GXY) Reports High Lithium Oxide Grades at James Bay APR 24, 2012 08:25 - Article Views: 476 Galaxy Resources Limited (ASX:GXY) is pleased to announce that geochemical analysis from channel samples taken at its 20% owned James Bay Pegmatite Project ("James Bay") in Quebec has revealed high lithium oxide grades (Li2O) with low impurity levels.
	Galaxy Resources Limited (ASX:GXY) Lithium One (CVE:LI) Merger Advances to Next Stage APR 19, 2012 09:59 - Article Views: 556 Galaxy Resources Limited (ASX:GXY) is pleased to announce that in respect of its proposed merger ("Proposed Merger") with Lithium One Inc (CVE:LI) and following the announcement of Galaxy's capital raising, Lithium One's Board of Directors has maintained its recommendation to the holders of Lithium One securities that they vote in favour of the Proposed Merger. Lithium One has received an updated opinion from BMO Capital Markets (financial advisors to Lithium One), that, as of the date of such opinion and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be received by the Lithium One shareholders pursuant to the terms of Proposed Merger is fair, from a financial point of view, to such shareholders.
	Galaxy Resources Limited (ASX:GXY) Share Purchase Plan Offer Document APR 13, 2012 08:29 - Article Views: 469 Galaxy Resources Limited (ASX:GXY) - Share Purchase Plan Offer Document. On 30 March 2012 Galaxy announced it had entered into an agreement to effect a merger of Galaxy and Canadian lithium and potash exploration and development company Lithium One Inc (Lithium One).

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