Galaxy Resources ship first lithium batch from Western Australia mine

Galaxy Resources ship first lithium batch from Western Australia mine

Australian lithium mining company Galaxy Resources (ASX: GXY) has exported its first lithium concentrate shipment from its Mt Cattlin mine, near Ravensthorpe in Western Australia.

10,000 tonnes of lithium concentrate, valued at US$6 million has left Esperance Port heading to China, a huge importer of the soft metal which is a crucial element in new-generation batteries.

The Mt Cattlin mine was previously owned by the ASX-listed firm General Mining Corporation, before it was purchased by Galaxy in 2016. The mine was recommissioned shortly after the $217 million takeover was agreed.

Anthony Tse, managing director of Galaxy said: “This is an exciting day for Galaxy and for our customers, it marks another major achievement and signals Galaxy’s formal transition back to producer status, elevating it into the ranks of global lithium producing companies.”

Galaxy aim to produce a total of 160,000 tonnes this year at the Mt Cattlin mine.

The mine is one of three major lithium operations in Western Australia, which is gradually establishing itself as the heartbeat of the global lithium industry.

@RGNonline