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.
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.
Market Capitalisation: 25M (July 2019)
Outstanding Shares: 129M (July 2019)
Top 20 Shareholding %: 49% (July 2019)
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