ASX-listed Galan Lithium has continued its strong sharemarket rise this year on the back of impressive new results from testing aimed at showing it can produce high-purity battery grade lithium carbonate from its flagship Hombre Muerto West lithium brine project located in Catamarca, Argentina.
Galan Lithium's share price has touched an all-time high after a second look at its pond design determined it might be able to squeeze up to 25,000 tonnes of lithium carbonate equivalent annually out its Hombre Muerto West lithium brine project in South America's renowned Lithium Triangle, rather than the originally contemplated 20,000 tonnes per annum.
Further investigation of ground that may cover an extension of the rocks that host the world's largest spodumene lithium mine is now in prospect for Galan Lithium after the company reported positive indicators from a site visit to its Greenbushes South property in WA's south-west.
Our daily board moves wrap includes Aidan Platel, Chris Hansen, Adam Santa Maria, Ryan Gaffney, Daniel Schuster, Peter Schwarz, Brendan Borg, Brad Drabsch, Sonja Neame, and John Young.
WA-based juniors Titan Minerals, Coziron Resources, Galan Lithium, Anglo Australian Resources, and Big River Gold have announced share placement activity on the ASX today.
Three junior explorers have announced capital raisings, with Beacon Minerals and Galan Lithium allocating the funds raised towards their respective flagship projects, while Pacifico Minerals is seeking to acquire a project.
Dempsey Minerals has announced a change in direction with a proposed acquisition of a local unlisted oil explorer, in a deal valued at about $2.6 million.
IN what is viewed as a tough market for floats, a number of smaller initial public offerings have forged ahead with their plans to list on the Australian Securities Exchange.
There has been a flurry of new Western Australian stockmarket entrants to close last financial year and to begin the new, with seven resources-focused firms from WA listing on the Australian Securities Exchange in June and July.
