Perth, Sept 19, 2008 (ABN Newswire) - In preparation as an emerging lithium producer, the Board of Galaxy Resources Limited (ASX:GXY) is pleased to advise that Mr Ignatius (Iggy) Tan has been appointed as a non-executive director of the Company with immediate effect.
Mr Tan, BSc MBA MAICD, 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. Mr Tan managed the Lithium Mineral and Lithium Carbonate plants at Sons of Gwalia, Greenbushes operations in 1995.
Mr Tan is currently Managing Director of Nickelore Limited (ASX:NIO). 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 (CME) Murchison Regional Council. He is also a member of the Australian Institute of Company Directors.
About GALAXY RESOURCES LIMITED
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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