EXPLORATION & DEVELOPMENT

Galan claims exceptional Argentina brine grades

Junior has maiden success while also working on nearby resource

Michael Quinn

This article is 6 years old. Images might not display.

Preliminary assays "indicate consistent lithium grades in excess of 900mg/l lithium", Galan said.

Galan is currently working on a resource for the nearby Candelas project at Hombre Muerto, with an estimate believed to be imminent.

The company has been flagging initiation of a pre-feasibility study next quarter.

Galan raised A$2 million last month when it issued new shares priced at 18c each.

Shares in Galan were up 5% to 21.5c in morning trade, capitalising Galan at $17 million.

The stock spiked to more than 60c in March after Galan's unconventional brine exploration play gave indications of vindication.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.