ASX: GXY – Galaxy Resources Limited’s projects and activities

Galaxy Resources Limited recently announced activities of the quarter ended 30 June 2018. There are three projects underway naming Mt. Cattlin operations, Sal de Vida project and James Bay project. It was observed by the market indicators that throughout Q2 2018 the robust growth of lithium market has continued with rise in end users associated with the commodity.

For Mt Cattlin operations, ore volumes mined reduced by 21% due to the processing of re-crushed secondary floats surface stocks. Total mining volumes remained constant compared with the previous quarter.

For Sal de Vida project located on the Salar del Hombre Muerto in northwest Argentina, Galaxy announced that it had completed an update of the Definitive Feasibility Study for the Sal de Vida lithium project.

In James Bay project, information collected during the Q1 drilling campaign (geotechnical, hydrogeological, etc.) was used to enhance the engineering. A seven km connection is to be made from the James Bay project site to their existing power line.

Galaxy Resources Limited (ASX: GXY) traded at a market price of $3.19 as at July 17, 2018. Also, the stock has seen a performance change or a rise of 72.36% over the past 12 months.


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