Galaxy Resources Limited Stock Market Press Releases and Company Profile
Galaxy Resources Limited (ASX:GXY) Commences Production At Mt Cattlin
Galaxy Resources Limited (ASX:GXY) Commences Production At Mt Cattlin

Perth, Oct 5, 2010 AEST (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (googlechartASX:GXY) (googlechartPINK:GALXF), is pleased to announce that the Company has commenced lithium concentrate (spodumene) production at Mt Cattlin.

The production start up is on schedule and follows the successful commissioning of the crushing circuit and heavy media plant. Over the coming weeks, spodumene throughput will be progressively ramped up until the design capacity is reached on a continuous basis.

Galaxy Resources Managing Director, Mr Iggy Tan, said this important milestone was achieved on the back of an accelerated and highly successful construction program.

"Since ground was first broken at Mt Cattlin in November 2009, Galaxy has achieved first production of lithium concentrate in less than 11 months and we are very proud of this achievement," he said.

"Pleasingly, there were no lost time injuries throughout the construction, commissioning and start-up process and we are firmly focused on maintaining that record."

Mr Tan said Galaxy expects to export its first shipment of spodumene product to China in November.

About Galaxy Resources Limited

Galaxy Resources ASX:GXYGalaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.

Galaxy is advancing plans to develop the Sal de Vida 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 potential as a low cost brine-based lithium carbonate production facility.

Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.

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Contact

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



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