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Distributed: Nov 23, 2009

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Perth, Nov 23, 2009 (ABN Newswire) - Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) today announced the appointment of Mr Andrew Meloncelli as Company Secretary.

As the Company prepares itself for production, the current CFO/Company Secretary, Mr John Sobolewski will now focus solely on the CFO role and the implementation of business systems in Australia and China.

Mr Andrew Meloncelli

Mr Meloncelli has 14 years of experience as a Company Secretary for various companies during his career. He has an accounting background with a Bachelor of Business from the University of Western Australia. Mr Meloncelli started his career at Pricewaterhouse Coopers in 1996. During his career, he worked in a company secretarial role for Citiview Corp, Marengo Mining, Impress Energy, Carpathian Resources and Jupiter Energy. Andrew has completed a Graduate Diploma in Company Secretarial Practice (Chartered Secretaries Australia) and Graduate Diploma in Applied Finance and Investment (Securities Institute of Australia). Andrew was admitted as a fellow of the Chartered Secretaries Australia in 2000.


About Galaxy Resources Limited

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.

Contact

Iggy Tan
Managing Director
Tel: +61-8-9215-1700
Mob: +61-419-046-397


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Financial General | Mining | 

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