Galaxy Resources Limited (ASX:GXY) Jiangsu Lithium Carbonate Project Update
Perth, Mar 11, 2011 AEST (ABN Newswire) - Galaxy Resources Limited (
ASX:GXY) (PINK:GALXF) wishes to present a pictorial update of the company's Jiangsu Lithium Carbonate Project in Jiangsu, PRC.
- No lost time injuries were recorded at Jiangsu site since commencement of the project
- All roads on site are completed
- Most building steelwork and cladding are completed
- Calciner kiln, sulphation kiln and cooler shells have arrived onsite
- Shells to be welded on the ground and lifted into place when support foundations are completed
- Conveyor from the wharf is progressing well
- Major plant and equipment have arrived on site ready for installation
- Jiangsu lithium carbonate project is on schedule
- Lithium carbonate plant commissioning and start-up is scheduled for end Quarter 2, 2011
- MV Ocean Flower has been booked for the first spodumene shipment from Mt Cattlin to China, for end March 2011
For the complete Galaxy announcement including project pictures, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/533004.pdf
About Galaxy Resources Limited
Galaxy 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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