Tag: Mt Cattlin

The Australian Government has identified a “pinch point” for the global supply chain of critical minerals, with an opportunity to develop the nation’s processing and early manufacturing stages. The Resources Technology and Critical Minerals Processing National Manufacturing Priority road map has recognised the gap in capturing additional value from critical raw minerals, such as lithium in which the primary growth has been in rechargeable batteries. One such operation in the process of ramping up spodumene concentrate production to nameplate capacity is the Mt Cattlin operation, 2km out of Ravensthorpe in WA and 100% owned by Galaxy Resources. Today, while on target to reach full capacity in Q2 this calendar year, it has commissioned ore sorter circuits to extract further value...

IT’S been a tumultuous period for lithium, with the once-highly sought-after commodity losing its lustre amid uncertainty within the Chinese economy. But despite the challenges faced by the global lithium market, Galaxy Resources Ltd has continued its strategy to become a leading global supplier of high-quality lithium products. The company’s latest report states that Galaxy is in fact in the strongest financial position in its history. The balance sheet remains robust, with cash and financial assets of US$143.2m and zero debt as at the start of the year. Chairman Martin Rowley said this financial position, together with  diversity of global assets, continues to uniquely position the miner in the industry to react promptly to evolving global market conditions. “A key...

All Images: Galaxy Resources   BY EMMA DAVIES   GROWTH in the lithium battery market is driving Galaxy Resources to ramp up production at its flagship Mt Cattlin mine in Ravensthorpe, WA and increase greenfields and brownfields exploration to meet future demand. Galaxy Resources’ Mt Cattlin mine has been operational for two years and is now aiming to ramp up spodumene production to more than 210,000 dry metric tonnes per annum (dmtpa). In the December quarter, the company produced only 33,780 dmt of spodumene concentrate at a lower than average reserve grade and recovery rate due to the majority of ore mined coming from a lower grade 2SW pit. Galaxy also reported lower margins than the previous quarter, completing three shipments...