Galaxy resources

Cierra con nuevo máximo del año, 5,1% arriba

http://finance.google.com/finance?q=ASX:GXY

Mining

Galaxy not far away from milking micas

Galaxy Resources will invest $2.9 million and take a 12 per cent stake in a company developing technology that can extract lithium from low-grade waste ore.

The lithium miner will use its financial muscle, technical capabilities, industry contacts and market expertise to help junior Lepidico commercialise its L-Max technology.

Lithium is usually mined from hard rock (spodumene) and brine sources, but it also exists in micas, such as lepidolite and zinnwaldite, but no process exists to commercially extract it.

L-Max aims to change that.

Galaxy hopes the L-Max technology can help it extract lithium from ore considered waste at its Mt Cattlin project near Ravensthorpe, and its proposed James Bay project in Canada.

Galaxy’s managing director Anthony Tse described L-Max as an exciting technology.

He said the alliance with Lepidico would allow the company to evaluate processing its significant mica feedstocks.

Lepidico’s managing director Joe Walsh said the investment by Galaxy was a great endorsement of the company’s strategy and its L-Max technology.

The company also plans to raise $4 million in a one-for-six rights issue priced at 1¢ per share to fund a feasibility study to explore a processing plant that uses the technology.

Lepidico also has interests in conventional lithium projects in WA, NSW, Canada, Portugal and Brazil.

Shares in the company closed up 0.3¢, or 25 per cent, at 1.5¢ yesterday after hitting 2¢ in earlier trade, while Galaxy shares ended flat at $3.14.

In other lithium news, Argentinian-focused brine producer Argosy Minerals entered a trading halt after flagging a potential dispute with its Chinese offtake partner, and shares in Venus Metals Corporation jumped 36 per cent after it identified a “giant pegmatite” at its Poona East project in the Murchison.

Macquarie lifted its 2018 lithium carbonate price forecast by 20 per cent to an average $9000/t.

However, the bank warned that a looming “avalanche of supply” from emerging producers had prompted forecast prices of $7500-$8500/t in 2019-2020.

De nuevo , otro 7% arriba. 

La máquina de subir.................

Mañana publican el cuarto

http://www.abnnewswire.net/press/en/90330/Galaxy-Resources-Limited-(ASX-GXY)-Quarterly-Report-Release-Date-90330.html

Buenos resultados del tercer trimestre

http://www.asx.com.au/asxpdf/20171016/pdf/43n8mftndtzbsg.pdf

https://www.ft.com/content/8b8bc34e-d0d4-344e-a593-684b623fded7

Infravalorada

Otro 4% arriba. Nadie compra ni dice nada? Pues llevo casi un 4 baggers en menos de dos años!!!!! 

Y lo que le queda

LG producirá 100.000 baterías anuales en Europa

LG producirá anualmente 100.000 baterías de iones de litio para coches eléctricos

Para tal fin, LG abrirá una factoría especializada en la ciudad de Wroclaw, en Polonia

jQuery(document).ready(function($) { $(".cboxp").colorbox({rel:"cboxp", reposition: false}); }); AmpliarLG Chem es uno de los fabricantes de baterías para vehículos eléctricos más destacados del mundo

0 Fernando Sancho | 14 oct 2017 - 18:01

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La competencia en el sector de las baterías para vehículos eléctricos cada vez es mayor. Bosch, Terra E, Samsung, LG o Tesla son algunos de los fabricantes que están apostando por este sector, hasta tal punto de destinar grandes presupuestos al desarrollo y fabricación de nuevas baterías de iones de litio. En este aspecto, LG Chem pretende convertirse en el rey de las baterías en Europa con la apertura de la fábrica de baterías de litio más grande de Europa en 2018.

LG Chem abrirá en la ciudad de Wroclaw, en Polonia, la fábrica más grande de baterías de iones de litio. Tras una inversión cercana a los 1.300 millones de euros, esta factoría situada al suroeste del país polaco tendrá la capacidad de producir hasta 100.000 baterías anuales para vehículos eléctricos. Una gran ofensiva de un fabricante que suministra sus baterías a marcas como Hyundai, Renault, BMW o Chevrolet y que en su alianza con Samsung es el principal fabricante de baterías para coches eléctricos del mundo.

El objetivo de LG es tener unas instalaciones modernas que puedan producir baterías para vehículos eléctricos cuando estos se fabriquen en masa. La caída de los precios de las baterías y los objetivos cada vez más ambiciosos de los fabricantes para reducir las emisiones de partículas contaminantes han llevado a LG a adelantar su llegada a Europa, en gran medida porque la demanda en el viejo continente crece de forma exponencial sin que existan fábricas de tal volumen dentro de sus fronteras.

Esta planta de fabricación de baterías dará trabajo a 2.500 personas y servirá para atender a las demandas de los principales fabricantes europeos. Las instalaciones incluirán un centro de investigación y desarrollo para 400 ingenieros y con el tiempo se espera poder colaborar con proveedores locales, por el momento se apuesta por importar materias primas desde la empresa matriz. Aunque sólo el 0,2% de los vehículos vendidos en Europa en 2016 son eléctricos, el coste de fabricación de las baterías ha caído en un 400% en la última década (unos 250 euros por kilowatio/hora), lo que invita a LG a ampliar su negocio en el viejo continente.

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Yo la sigo y tengo acciones desde hace un año que las compre a 0,39  y me eestoy frotando las manos aunque espero tenerlas durante bastante tiempo. La que espero que me suba es Novo Litio Ltd ( anteriormente Dakota Minerals ) con su proyecto en Portugal.

La subida según me han dicho por seekingsalpha es por rumores de un acuerdo con Panasonic o alguien grande,

Yo también las pienso conservar unos años, mientras siga pintando bien, que eso parece.

Vuelve a dar tirón de casi un 6% ante otra buena noticia

Galaxy Resources Limited (ASX:GXY) James Bay Project Notice Submitted and Further High Grade Drilling Results

WWW: www.galaxylithium.com Company Overview

Perth, Oct 19, 2017 AEST (ABN Newswire) - Galaxy Resources Limited ("Galaxy" or the "Company") ( ASX:GXY) ( OTCMKTS:GALXF) is pleased to advise that it has now submitted a Project Notice for the James Bay Lithium Project ("James Bay" or the "Project") to the Government of Quebec, and the Federal Government of Canada, together with local stakeholders. The Project Notice submission marks the start of the regulatory process aimed at securing the necessary mining and infrastructure licenses. It also advises the Government of the proposed scale, scope and timeline of the James Bay Project so that it may set the appropriate levels of regulatory assessment.

The preparation and submission of this project description is the initial step in the environmental impact assessment process, where Galaxy advises in writing, the relevant Quebec ministry (Ministere du Developpement durable, de l'Environnement et de la Lutte contre les changements climatiques, or "MDDELCC") and the Canadian Environmental Assessment Agency ("CEAA"), of its intention to undertake the project. The project description also allows the relevant government agencies involved to determine the type of environmental study to be conducted and to issue a formal notice indicating the nature, area and scope of the study expected from the project promoter.

The Project Notice outlines the general characteristics of the project. The Project is situated in the Nord-du-Quebec administrative region of Quebec, where Galaxy is planning to develop an open-pit lithium mine that would be located along the James Bay Road.

Aside from the pit, the mining facility will include an ore concentrator, tailings/waste rock/ore/overburden storage areas, as well as accompanying infrastructure. The concentrated ore will be trucked to a transfer site, where it will be transported by train south, to the proposed conversion facility to be processed into lithium chemicals.

The Company is also pleased to announce further assays from its 2017 drilling campaign at James Bay. The aim of this drilling was to support a mineral resource upgrade to be incorporated into the ongoing Project feasibility study work.

In March 2017, the James Bay team commenced a ~33,000m diamond drilling campaign to extend and develop the existing James Bay resource. This drilling program has now been completed. All remaining assays are expected to be received by the end of October 2017. Results from a further 16 holes for an aggregate 3,879m drilled can now be reported.

All intercepts below are reported downhole.

Highlights from this round of drilling and assay are:

- 88.7m @1.63% Li2O from 150.3m to 239.0m (drill hole JBL17-107)

- 28.7m @ 1.54% Li2O from 28.5m to 57.2m (drill hole JBL17-108)

- 66.0m @ 1.71 % Li2O from 144.33m to 210.3m (drill hole JBL17-128)

- 102.8m @ 1.56% Li2O from 79.7m to 182.5m (drill hole JBL17-129)

- 37.7m @ 1.43% Li2O from 82.16m to 119.7m (drill hole JBL17-147)

Managing Director and CEO, Anthony Tse, commented "We expect to receive the last assays from this drilling program this month. The updated resource estimate work has been awarded to SRK Canada. Galaxy has now established its office in Montreal and engaged Primero Group to deliver engineering input into the James Bay feasibility study. With the Project Notice now submitted, we will advance our work on the feasibility study, including engaging with local stakeholders, the Cree First Nation and the Quebec Government in advancing the development of this world class hard rock lithium resource. "

Final assay results will be released as they are received over the coming weeks. All results are listed in Table 2 (see link below).

ABOUT THE JAMES BAY PROJECT

The James Bay pegmatite swarm is located 10km south of the Eastmain River and 100km east of James Bay. The property is accessible by paved road from the James Bay Road which cuts through the property close to the 381km road marker on the highway Route/109 from Val d'Or, Quebec, Canada. Val d'Or is approximately 526km westward from Montreal, Quebec. A large multi-service truck stop is located at marker 381. Discovered in the 1960's and then known as the Cyr property the site consists of a swarm of 35 pegmatite dykes that belong to the rare-element 'class', the LCT (Li-Cs- Ta) 'family' and the albite-spodumene 'type' per the classification by Cerny (1991).

To view tables and figures, please visit:
http://abnnewswire.net/lnk/22DYP447


About Galaxy Resources Limited
 

Galaxy Resources Limited ( ASX:GXY) ( OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.

Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.

Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products

Ya tienen los permisos para Canadá

http://www.galaxylithium.com/announcements-1/james-bay-update-project-notice-submitted-further-high-grade-drilling-results

https://seekingalpha.com/article/4114616-lithium-prices-reach-record-high-china

Ex empleados de Tesla construirán mayor fábrica de baterías de Li-ion en Suecia