Galaxy Resources has returned the Mt Cattlin spodumene-tantalite mine in Western Australia to its nameplate capacity, continuing a streak of lithium rebounds since last year.
The mine produced 46,588 dry metric tonnes of lithium concentrate in the March 2021 quarter.
Tthe result was 39.7 per cent higher than the December quarter, with an improved recovery of 60 per cent.
Galaxy also shipped 29,917 dry metric tonnes of lithium concentrate during the March quarter, with a second 15,000-dry-metric-tonne shipment delayed until early April due to the late arrival of the freighter.
The company has been on a lithium rebound since the December 2020 quarter when it exported 75,336 dry metric tonnes of lithium.
This marked a 349 per cent increase in quarterly sales compared with the September 2020 period.
Galaxy stated in January the returning demand in lithium was due to global electronic vehicle (EV) sales: “Galaxy is experiencing solid demand for its spodumene as strong global EV sales increases the demand for lithium chemicals through the value chain leading to an increase in utilisation of spodumene converters.”
The company also announced the completion of its 2021 feasibility study at the Sal de Vida lithium project in Argentina.
Galaxy chief executive Simon Hay said the feasibility study marked a major milestone for the project. It is located in the “lithium triangle” an area in South America that contains a large portion of global lithium resources.
“Completion of the feasibility study marks a major milestone in the development of Sal de Vida,” Hay said.
“Technical and financial outcomes are very positive and confirm that Sal de Vida will be a globally competitive, low cost producer of battery grade lithium carbonate.
“The company’s staged development approach provides a lower risk pathway to a large-scale operation again with compelling financial outcomes.”
Further details about both projects will be released in the company’s quarterly activities report next week.