Galaxy Resources has delivered record monthly production output and improved final product quality at its Mt Cattlin Project in Ravensthorpe, Western Australia, highlighting strong operational execution and ramp up of performance following the completion of the Yield Optimisation Circuits (YOP) in Q1 2019.
Galaxy reported record monthly production volume of 21,901 dry metric tonnes (dmt) of lithium concentrate for April 2019, representing an equivalent annualised run rate of over 260,000 dmt, with average final product grade of 5.92 per cent Li2O compared to 5.75 per cent Li2O in Q1 2019.
Additionally, the company reported an overall plant recovery of 61 per cent compared with an average 51 per cent reported in Q1 2019.
Commenting on Mt Cattlin operations in April 2019, Galaxy’s Chief Executive Officer and Managing Director, Anthony Tse said that following a comprehensive review of operations in the latter part of 2018, the team at Mt Cattlin focused on operational improvements and an efficient ramp up of the newly installed YOP throughout the start of 2019.
“Management has concentrated on cost reduction, together with the YOP efficiency and I am pleased to report that this effort has resulted in the strongest month at Mt Cattlin, both in terms of production output and product quality, since the Mt Cattlin operations were recommissioned at the end of 2016,” said Mr Tse.
“Our customer base in China is linked to some of the top-tier lithium supply chain end users, demonstrating the broad acceptance and recognition of consistency of the Mt Cattlin product. Aside from quality, the continued reduction in unit production costs ensures Galaxy has a competitive advantage, allowing the Company to continue delivering a healthy operational cash margin, notwithstanding the recent softening of lithium feedstock and chemical pricing.
“Galaxy’s operational plan will continue to focus on maintaining Mt Cattlin as one of the lowest cost, high quality, lithium concentrate producers in Western Australia.”