Sydney, June 25, 2007 (ABN Newswire) - Galaxy Resources Limited (ASX: GXY) - Mt Cattlin Drilling Update - Mr Michael Fotios, MD; Boardroomradio is pleased to announce that Galaxy Resources Limited (ASX: GXY) has published an audio file. The following presentation "Mt Cattlin Drilling Update" is now available as an instant audio download to your computer. You may also transfer this information to your listening device as an IPod podcast.
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Broadcaster: Galaxy Resources Limited (ASX: GXY)
Broadcast Title: Mt Cattlin Drilling Update
Broadcast Type: Audio stream
View the Audio stream for Galaxy Resources Limited (ASX: GXY) below.
Galaxy Resources Limited (Galaxy) is an industrial minerals company focusing on lithium and tantalum production. Galaxy has completed a pre-feasibility study which suggests the Mt Cattlin lithium / tantalum project is commercially viable based on a processing rate of 1 million tonnes per annum.
Galaxy's intention at Mt Cattlin is to complete a bankable feasibility study which will investigate the production of separate rare metal minerals concentrates (spodumene and tantalum). The company has also commenced a preliminary scoping study into the value adding downstream production of lithium carbonate (Li2CO3). These raw materials are currently in short supply and face high future demand growth due to advances in long life batteries and sophisticated electronics in hybrid and electric vehicles, mobile phones and computers.
Galaxy is planning, subject to the conclusions of the bankable feasibility study and project funding, to commence the development of the mine and the construction of the processing plant in early 2009 with first concentrate production scheduled for 2010.
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