Galaxy exceeds Mt Cattlin production expectations

Image: Galaxy Resources

Galaxy Resources has reported strong production results in the June quarter, beating its guidance at the Mt Cattlin operation in Western Australia.

Production at Mt Cattlin totalled 56,460 dry metric tonnes of six per cent grade lithium oxide, surpassing the guidance of 45,000-50,000 dry metric tonnes for the period.

The company is targeting 60,000-70,000 dry metric tonnes of shipments from Mt Cattlin in the third quarter of this year.

Given the success of Mt Cattlin, Galaxy is expanding its exploration within the region, having identified outcropping pegmatite 2.5 kilometres north of the operation. The site is expected to be drilled by the company in the September quarter.

The company completed two shipments during the June quarter for a total of 29,439 dry metric tonnes of lithium concentrate sold.

Galaxy had a planned third shipment of 15,000 dry metric tonnes that was expected to depart Esperance port prior to the end of the June quarter, however this is being scheduled for the third quarter.

The company also focused on continuing to optimise its Mt Cattlin process plant, including improving the utilisation of yield-optimisation upgrades.

Despite a major concentrator maintenance shutdown during the first week of the June quarter, 426,846 wet metric tonnes of ore was processed during the period.

Galaxy’s plant throughput at the site reportedly improved in comparison to the first quarter due to greater availability and utilisation of the ultra-fines dense medium separation circuit.

Production of concentrate was also boosted by improved grade of ore treated, which also facilitated a higher overall mass yield and recovery.

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