• Samso

The Business of Brine Lithium, it's actually not a bad business

Coffee with Samso Episode 19 with JP, Galan Lithium Limited (ASX: GLN)

The Brine Lithium sector is something that I have never really looked at in detail.  I was a shareholder in one stock but it was during the rising market so I did not do too much research. However, after talking to JP from Galan Lithium Limited (ASX: GLN), I am very impressed with what they have to offer.  The whole sector is interesting. It is kind of like the iron ore industry in terms of the tonnage.  There is simply a heap of resource and the process of extracting the lithium is straight forward.


Having this Coffee with Samso with JP definitely was the highlight of all my sessions.  I say this as I learned the most from this discussion.

A special thank you goes out to David Tasker (Chapter One Advisors) for lending me Jake Barker who took care of the videography and the bulk of the editing.  Sure made life so much easier.

Projects

The Company’s projects are located within the South American Lithium Triangle in the Hombre Muerto Basin, one of the most important and prolific salt flats in Argentina and indeed the world. The basin is known to have the lowest impurity levels of any producing Salar in Argentina and has been in production for over 20 years.

Several areas are targeted within the Project with the main focus being Candelas, in the south-east margin of the basin. Both areas have direct access to the salar including areas shallowly covered by recent alluvium.


At Candelas, the target is approximately 15km long deltaic channel, which is the main access channel for lithium charged waters from source rocks to the south of the basin. The Candelas area adjoins Galaxy’s Sal de Vida project to the south.


The Company is aiming to estimate a maiden JORC resource as soon as practicable. The Company is also investigating the various processing options open to it, with a view towards maximising the potential to directly produce battery-grade lithium carbonate the results of which will assist in the design and commissioning of a pilot plant.

Corporate Information

Market Capitalisation: 25M (July 2019)

Outstanding Shares: 129M (July 2019)

Top 20 Shareholding %: 49% (July 2019)



Galan Price Chart

PODCAST



Disclaimer

The information contained on this website is the writer’s personal opinion and is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full Disclaimer.

www.samso.com.au

If you find this article informative and useful, please help me share the information.  I try and write about topics that are interesting and have the potential to be of investment value.  It is not easy to find stories that fit those parameters.

If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au.

About Samso


Samso puts you with investment communities

PO Box 1609, Booragoon,

Western Australia 6954

  • Samso media channel
  • Noel Ong, Founder of Samso
  • Coffee with Samso Facebook
  • Tweet Samso
Subscribe to Coffee with Samso and Rooster Talks

© 2020 by Samso. Proudly created with Vermilion Pinstripes.