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GALAN LITHIUM LIMITED (GLN)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of GLN: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000021461
Address: Level 1, 50 Kings Park Road West Perth Western Australia 6005
Tel:  08-9214 2150Fax: (08) 9322 6398

Date first listed: 08/06/2011

Sector: Materials Industry Group: XMJ
Activities: Exploration for lithium and other metals

News & Events

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The suspension of trading in the securities of Galan Lithium Limited will be lifted immediately following the release by GLN of an announcement regarding an update on government permitting.

22/04/2024

Galan has signed a commercial agreement with the Catamarca Government in support of the grant of permits to enable the commercialisation of lithium chloride concentrate to be sold locally or exported internationally. Galan's ability to export lithium chloride concentrate is expected to facilitate access to a larger customer base domestically and internationally, potentially offering enhanced offtake terms and funding/prepayment opportunities. The agreement includes an increase in the proposed royalty rate to 7% and potential advance payments. This is similar to the successful regime operating in Australia, thereby supporting the rapid development of the HMW project. The agreement includes a commitment by Galan, after 4 years, to pursue further downstream processing routes, outside the Hombre Muerto salar, with the intent to offer priority to a collaboration with the Catamarca government agency. The HMW Project is a Tier One project that will produce a low cost premium high grade lithium chloride (LiCl) concentrate of 6% Li, comparable to 13% Li2O or 32% Lithium Carbonate Equivalent (LCE) and remains on track for first production in H1 2025. The agreement also cements an important prerequisite required for the grant of Phase 2 permits (currently under application), potentially enabling the continuity of development for Phase 2 construction at the completion of Phase 1. Galan continues to work closely with the local Catamarca government in relation to our long term value add lithium production strategy, this agreement further significantly de-risks the strategy and provides evidence of our very strong, positive and collaborative relationship with local authorities and our community.

22/04/2024

An extension of the voluntary suspension of the Company's securities is requested until the commencement of trading on Monday, 22 April 2024 or upon the release of an announcement by the Company pending an update on government permitting.

19/04/2024

The securities of Galan Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GLN, pending the release of an announcement regarding an update on government permitting.

17/04/2024

The suspension of trading in the securities of Galan Lithium Limited will be lifted immediately following the release by GLN of an announcement.

11/03/2019

The company issues a response to ASX price query.

11/03/2019

Geophysical profiling of maiden drillhole C"01"19 indicates brine section from 205 to 397m. Brine section assay returns; 192 metres @ 802 mg/l Li. Check analyses confirms high grades with very low impurities (Mg, SO4). Second drillhole at Candelas well underway, currently at 465 metres. eology largely correlates to that observed in maiden drillhole. Basin in this area comprises a downthrown block " brine target horizon expected at depth and yet to be reached.

11/03/2019

The company requests a further voluntary suspension over its securities pending a drilling update. The extension is requested until the commencement of trading on 11 March 2019 or upon the release by the company of an announcement providing a drilling update.

08/03/2019

The securities of Galan Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GLN, pending the release of an announcement regarding a drilling update.

06/03/2019

name changed from Dempsey Minerals Limited

15/08/2018

 

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Sir

i come nears you to ask grant  for the project to R D Congi in -Education - Industry -Safety food -Agricuture - Marine marchande- Minerais

Best regard

29/03/2019 06:10:31

Company Updates

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    08/02/2024Terry Gardiner100,000$0.312$31,171
    12/12/2023Terry Gardiner200,000$0.510$102,058
    12/12/2023Juan de la Vega249,680$0.521$130,067
    14/07/2023Juan de la Vega115,000$0.909$104,556
    16/02/2023Daniel Jimenez105,000$1.200$126,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Richard HomsanyNon Exec Chairman05/02/2020
    Juan de la VegaManaging Director27/06/2018
    Graeme FoxCFO09/02/2022
    Claudia PohlIndependent Director28/03/2023
    Daniel SchusterIndependent Director04/09/2019
    Terry GardinerNon Exec Director13/12/2013
    Daniel JimenezNon Exec Director09/03/2019
    Mike RobbinsCompany Secretary30/07/2013

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Christopher ChalwellNon Exec Director22/02/201131/05/2023
    Raymond LiuNon Exec Director27/06/201820/11/2022
    Nathan McMahonNon Exec Chairman22/02/201105/02/2020
    Patrick CorrNon Exec Director09/10/201727/06/2018
    Lisa WynneNon Exec Director22/02/201113/12/2013
    Julie HillCFO07/09/201130/07/2013

    Date of first appointment, title may have changed.