Galaxy Resources has revealed it will incur a cost impairment of up to $274 million following a review of inventory at the Mt Cattlin lithium mine in Western Australia.
Mining and energy contractor Primero Group has increased its forecast revenue for the 2019 fiscal year by around 80 per cent year on year thanks to a spate of contract wins.
Galaxy Resources has reported strong production results in the June quarter, beating its guidance at the Mt Cattlin operation in Western Australia.
Alliance Mineral Assets has continued to build output at the Bald Hill lithium and tantalum mine in Western Australia, producing 38,717 wet metric tonnes of lithium concentrate in the June quarter.
The rise of Australia’s battery metals sector over the last few years — particularly in Western Australia — is proving indicative of a wealth of potential that is yet to be fully tapped.
Galaxy Resources is set to become the largest shareholder in Alliance Mineral Assets following the joint announcement of a $32.5 million raising.
Galaxy Resources has returned its strongest month of production to date during April at the Mt Cattlin operation in Western Australia.
Galaxy Resources has continued to perform positively at its global operations in Australia, Argentina and Canada to finish with zero debt.
Galaxy Resources has completed the sale of its northern tenements at the Salar del Hombre Muerto in Argentina to POSCO.
Galaxy Resources has added lithium tenements at Mt Cattlin in Western Australia through the acquisition of assets owned by Kingston Resources.
Lithium company Galaxy Resources has secured an agreement to sell a package of tenements at Sal de Vida in Argentina to Korea’s POSCO for $US280 million ($371 million).
From market darling to Australian mining’s major growth sector, lithium’s expansion has been undeniable.
Perth-based Galaxy Resources has released an updated feasibility study for its highly prospective Sal de Vida lithium-potash project in Argentina.
Lithium company Galaxy Resources has executed long-term offtake contracts with multiple customers in Asia.
The Diggers and Dealers Forum in Kalgoorlie is anticipating its largest turnout since 2013 when this year’s event is launched on Monday.
Lithium company Galaxy Resources has raised $61 million to help fund development of projects in Argentina and Canada, and to strengthen its balance sheet.
Galaxy Resources has awarded an equipment contract at the Mt Cattlin spodumene project ahead of a start to mining in December.
Galaxy Resources and General Mining called a trading halt yesterday to hold talks to finalise a $700 million merger, another facet in lithium boom.
Galaxy Resources has officially begun production at its Mt Cattlin mine.
A strengthening lithium market has led to a commitment for a $7 million capital spend on the recommencement of production at the Mt Cattlin mine.