Galaxy Resources Limited Company Summary |
 Galaxy Resources Limited (ASX:GXY) is an Australian-based global lithium company with lithium production facilities, hard rock mines and brine assets in Australia, China, Canada and Argentina. The Company is an integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange (Code: GXY) and is a member of the S&P/ASX 300 Index.
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 process 137,000 tpa of spodumene concentrate which will feed the Company's wholly-owned Jiangsu Lithium Carbonate Plant in China's Jiangsu province. The Jiangsu Plant has commenced production and 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 to develop the Sal de Vida (70%) lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet) which is currently the source of 60% of global lithium production. Sal de Vida has excellent promise as a future low cost brine mine and lithium carbonate processing facility.
The Company completed a feasibility study for a proposed lithium-ion battery plant, to produce 620,000 battery packs per annum for the electric bike (ebike) market. The Company also owns the James Bay (100%) 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.
|
|
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 |
|
| |
Key Developments: Galaxy Resources Limited
 |
Galaxy Resources Limited (ASX:GXY) Finance Update
DEC 13, 2012 08:28 - Article Views: 721
Galaxy Resources Limited (ASX:GXY) advises it has extended the date within which cornerstone investor East China Mineral Exploration & Development Bureau ("ECE") has to complete due diligence on the Company, for the purposes of a capital raising, from 19 November 2012 to 31 December 2012. |
|
 |
Galaxy Resources Limited (ASX:GXY) Jiangsu Update
NOV 13, 2012 08:26 - Article Views: 737
Galaxy Resources Ltd (ASX:GXY) advises that lithium carbonate production at its whollyowned Jiangsu Lithium Carbonate Plant ("Jiangsu Plant" or "Jiangsu") was 428 tonnes in October - an increase of 50% month-on-month and in line with Jiangsu's 12 month ramp-up schedule. |
|
 |
Galaxy Resources Limited (ASX:GXY) A$15 Million Finance Update
NOV 9, 2012 16:10 - Article Views: 877
Galaxy Resources Ltd (ASX:GXY) is pleased to announce that the company has successfully issued 30 million fully paid ordinary shares at a price of A$0.50 per share raising A$15 million to cornerstone investor M&G Investments |
|
|
Galaxy Resources Limited (ASX:GXY) A$81 Million Capital Raising
NOV 5, 2012 09:07 - Article Views: 1,069
Galaxy Resources Ltd (ASX:GXY) is pleased to announce that it is to raise A$81 million (before costs) via a Placement ("Placement") to cornerstone investors M&G Investments ("M&G") and the East China Mineral Exploration & Development Bureau ("ECE"). |
|
|
Galaxy Resources Limited (ASX:GXY) Quarterly Activities and Cashflow Report - September 2012
NOV 1, 2012 08:04 - Article Views: 939
Galaxy Resources Limited (ASX:GXY) announce Quarterly Activities and Cashflow Report - September 2012, with the following significant events. |
|
 |
Galaxy Resources Limited (ASX:GXY) Canadian Reporting Update
OCT 22, 2012 17:41 - Article Views: 747
Lithium producer Galaxy Resources Ltd (ASX:GXY) (PINK:GALXF) announced today that the company is now a "designated foreign issuer" pursuant to National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102") and will no longer report under National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") which would have required the company to prepare and file continuous disclosure documents in the format as required under the relevant Canadian regulatory requirements. |
|
 |
Galaxy Resources Limited (ASX:GXY) Appoints Sal De Vida Site Director
OCT 18, 2012 08:28 - Article Views: 1,040
Lithium producer Galaxy Resources Ltd (ASX:GXY) is pleased to announce the appointment of Mr Daniel Chavez Diaz as Site Director of the Sal de Vida lithium and potash brine project ("Sal de Vida" or "the Project") in Argentina. |
|
 |
Galaxy Resources Limited (ASX:GXY) Mines and Money Australia - Corporate Presentation
OCT 16, 2012 12:51 - Article Views: 802
Galaxy Resources Limited (ASX:GXY) Mines and Money Australia - Corporate Presentation |
|
|
Galaxy Resources Limited (ASX:GXY) Completes Successful Brine Pumping Tests at Sal De Vida
OCT 10, 2012 08:30 - Article Views: 839
Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to advise that it has successfully completed a long term pumping test on the first proposed production well at the Sal de Vida lithium and potash brine project ("Sal de Vida" or "the Project") in Argentina. |
|
|
Galaxy Resources Limited (ASX:GXY) Finance Update
SEP 28, 2012 13:47 - Article Views: 552
Galaxy Resources (ASX:GXY) is pleased to announce that the initial repayment of the Company's working capital loan to China Construction Bank Limited ("CCB") has been successfully re-financed to September 2013. |
|
93,186 COMPANY PROFILE VIEWS |
|
This Page Viewed: (Last 7 Days: 54) (Last 30 Days: 311) (Since Published: 25619)
|
|
|
|
ASX S&P200
ASX:GXY
