Galaxy Resources has completed an update of the definitive feasibility study (DFS) of its Sal de Vida lithium brine project on the Salar del Hombre Muerto in northwest Argentina that reaffirms the potential for a long-life, low-cost, highly profitable operation, with a revised post-tax net present value estimated at $1.48 billion at an 8% discount rate.

Galaxy plans to produce both battery-grade lithium carbonate (Li2CO3) and potash products through the treatment of lithium enriched brine from the Salar del Hombre Muerto. The updated DFS calls for production of 25,000 metric tons per year (mt/y) of battery-grade Li2CO3 and 94,000 mt/y of potash over an initial project life of 40 years.
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