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Galan Lithium Limited (GLN) Report Analysis

Corporate Events

Positive

Galan Lithium Limited Provides an Update on its...

2022-06-14 22:38:00

Galan Lithium Limited provided an update on its ongoing exploration activities at the Greenbushes South Lithium Project (a joint venture betwe...

Positive

Galan Lithium Limited Announces Long Term Pumpi...

2022-05-30 23:40:00

Galan Lithium Limited announced the initiation of the long-term pumping test program at its 100%-owned Hombre Muerto West Lithium Project (HMW...

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & ...

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Neutral

Galan Lithium Limited Presents at 121 Mining In...

2022-04-13 16:57:00

Galan Lithium Limited Presents at 121 Mining Investment Conference – New York, Jun-06-2022 09:50 AM. Venue: etc. venues 360 Madison Avenue, Ne...

Positive

Galan Lithium Limited Announces Extensional Dri...

2022-04-06 23:21:00

Galan Lithium Limited announced the successful completion of the first drill hole in the latest drilling campaign at its 100% owned Hombre Mue...

Positive

Galan Lithium Limited Provides Update on the In...

2022-03-30 22:48:00

Galan Lithium Limited provided an update on the intensive site and study activities in progress for its 100%-owned Hombre Muerto West Lithium ...

Neutral

Galan Lithium Limited Presents at 121 Mining In...

2022-03-29 16:45:00

Galan Lithium Limited Presents at 121 Mining Investment Conference London, May-23-2022 . Venue: etc.venues County Hall, Riverside Building, Be...

Negative

Galan Lithium Limited Appoints Graeme Fox as Ch...

2022-02-08 22:28:00

Galan Lithium Limited announced that it has appointed Mr. Graeme Fox to the role of Chief Financial Officer (CFO). Mr. Fox is an Australian CP...

Neutral

121 Group Ltd, 121 Mining Investment Conference...

2022-01-11 02:45:00

121 Group Ltd, 121 Mining Investment Conference – New York, Jun 06, 2022 through Jun 07, 2022. Venue: etc. venues 360 Madison Avenue, New York...

Neutral

121 Group Ltd, 121 Mining Investment Conference...

2022-01-11 02:42:00

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022. Venue: etc.venues County Hall, Riverside Building, ...

Neutral

Galan Lithium Limited, Annual General Meeting, ...

2021-12-30 05:17:00

Galan Lithium Limited, Annual General Meeting, Jan 28, 2022, at 10:30 W. Australia Standard Time. Location: The Park Business Centre, 45 Ventn...

Positive

Galan Lithium Limited Provides a Progress Updat...

2021-12-12 22:51:00

Galan Lithium Limited provided a progress update report for its 100% owned Hombre Muerto West (HWM) Project (the Project) in Catamarca Provinc...

Positive

Galan Lithium Limited Announces Updated Economi...

2021-12-08 22:53:00

Galan Lithium Limited announced the results of an updated Preliminary Economic Assessment (PEA) study for its 100% owned Hombre Muerto West (H...

Neutral

Galan Lithium Limited Presents at Benchmark Wee...

2021-12-03 11:21:00

Galan Lithium Limited Presents at Benchmark Week 2021, Dec-07-2021 08:00 AM. Speakers: JP Vargas De La Vega, Managing Director.

Neutral

Benchmark Mineral Intelligence, Benchmark Week ...

2021-11-30 20:45:00

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021.

Positive

Galan Lithium Limited Provides an Update for it...

2021-11-14 22:46:00

Galan Lithium Limited provided an update for its ongoing exploration program at the Greenbushes South Lithium project (joint venture between G...

Positive

Galan Lithium Limited Receives Critical Pilot P...

2021-10-31 23:02:00

Galan Lithium Limited announce that it has received the essential government permits from the Ministra - Ministerio de Mineria (Mine Minister)...

Neutral

Galan Lithium Limited Presents at South-West Co...

2021-10-25 11:19:00

Galan Lithium Limited Presents at South-West Connect ASX Showcase, Oct-27-2021 03:30 PM. Venue: Abbey Beach Resort, picturesque South-West reg...

Neutral

Canaccord Genuity Corp., South-West Connect ASX...

2021-10-24 22:19:00

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021. Venue: Abbey Beach Resort, picturesque South-West...

Negative

Galan Lithium Limited has completed a Follow-on...

2021-10-18 00:00:00

Galan Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security T...

Positive

Galan Lithium Limited Announces First Bore Hole...

2021-09-28 23:57:00

Galan Lithium Limited announce the successful completion of the first drill hole in their latest drill campaign at Hombre Muerto West. Drillho...

Neutral

Galan Lithium Limited Presents at 121 Mining Co...

2021-09-27 19:04:00

Galan Lithium Limited Presents at 121 Mining Conference Americas, Oct-13-2021 .

Positive

Galan Lithium Limited and Circulor Ltd. Partner...

2021-09-13 22:49:00

Galan Lithium Limited announced its collaborative partnership with Circulor Ltd. to establish full lithium traceability and dynamic CO2 and en...

Neutral

Galan Lithium Limited, Special/Extraordinary Sh...

2021-09-10 09:07:00

Galan Lithium Limited, Special/Extraordinary Shareholders Meeting, Oct 12, 2021, at 11:00 W. Australia Standard Time. Location: Hall Chadwick,...

Neutral

Galan Lithium Limited Presents at 121 Mining In...

2021-08-25 03:38:00

Galan Lithium Limited Presents at 121 Mining Investment Online APAC, Nov-02-2021 .

Neutral

Galan Lithium Limited Presents at 121 MINING IN...

2021-08-25 03:15:00

Galan Lithium Limited Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021 .

Positive

Galan Lithium Limited Announces to Commence Nex...

2021-08-18 23:02:00

Galan Lithium Limited announced that, following the recent receipt of the next round of drilling permits from the Secretaria de Estado de Mine...

Negative

Galan Lithium Limited has filed a Follow-on Equ...

2021-08-13 00:00:00

Galan Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security Type:...

Neutral

121 Group Ltd, 121 Mining Investment Online APA...

2021-07-22 01:14:00

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.

Positive

Galan Lithium Limited Initiates Candelas Scoping Study

2021-07-19 23:12:00

Galan Lithium Limited announced the imminent commencement of a scoping study for the Company's Candelas project. Candelas is Galan's second ke...

Positive

Galan Acquires Option to Purchase Key Tenement

2021-07-14 22:37:00

Galan Lithium Limited announced that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purc...

Positive

Galan Lithium Limited Announces Proof of Concep...

2021-07-11 23:18:00

Galan Lithium Limited announced these exciting proof of concept test work results for the precipitation of battery grade lithium carbonate pro...

Neutral

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov ...

2021-07-08 02:42:00

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021.

Neutral

121 Group Ltd, 121 Mining Conference Americas, ...

2021-07-01 00:00:00

121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021.

Positive

Galan Lithium Limited Provides an Update on its Ongoing Exploration Activities at the Greenbushes South Lithium Project

2022-06-14 22:38:00

Galan Lithium Limited provided an update on its ongoing exploration activities at the Greenbushes South Lithium Project (a joint venture between Galan (80%) and Lithium Australia Limited (20%) (Greenbushes South). Airborne geophysics processed and key target zones identified: Galan has received the processed data and target generation report from the recent airborne geophysical survey campaign for its Greenbushes South tenement (E70/4790). This survey provided high-resolution radiometric and magnetic data from a fixed-wing aircraft flying at an average of 45 metres of terrain clearance, a significant improvement for resolution over previous publicly available data sets. Southern Geoscience Consultants (SGC) provided processing and interpretation of this new data as well as the development of key target zones for lithium-bearing pegmatites. Target generation incorporated structural and lithological information (provided by the airborne data), as well as field mapping and surface geochemistry undertaken by Galan. The new magnetic, radiometric and DEM data gives more precision to the location of the mineralising Donny-Brook Bridgetown Shear Zone (DBSZ), associated with the Greenbushes pegmatite. The final report from SGC identified twelve pegmatite targets within Galan's granted E70/4790 tenement, and an additional six pegmatite targets within Galan's pending tenements. Sampling and mapping program commenced; pegmatite outcrop discovered Following the above, Galan initiated a soil sampling and field mapping program over the first of the newly identified targets on E70/4790. Field mapping activities over the GS11 target area revealed an outcrop of approximately 200 m long by 40 m wide pegmatite. This pegmatite has similar macroscopic mineralogy to those pegmatites described at the Greenbushes Lithium Mine to the north. The assemblages are albite-quartz ± microcline ± muscovite ± garnet. The pegmatite lens hosts several tourmaline-rich zones at a metre scale and is recognized by coarse-grained tourmaline and high abundances of interstitial albite quartz and muscovite. Galan has sampled four representative rock chip samples from the surficial pegmatite at GS11. A partially completed soil assay program has also been undertaken, with 65 soil samples to date at 50 m x 100 m grid spacing across the potential target zone centred over the pegmatite outcrop. The soil sampling program is aimed at delineating potential pegmatites at depth through the detection of elevated levels of pathfinder elements at the surface (As, Sn, Cs, Ta, Rb). Galan has submitted these rock and soil samples for assay and is awaiting results. Completion of the soil grid over GS11, and further follow-up soil and rock chip sampling work on other targets along the major structure that hosts the mineralisation are planned in third quarter, 2002. The results will help guide the geophysical survey to test for blind pegmatites. Conservation Management Plan reaches final revisions Galan has also received its final revisions from the Department of Biodiversity, Conservation and Attractions (DBCA) for the Conservation Management Plan (CMP) for its planned exploration activities on pending Greenbushes South tenements (E70/4889, P70/1702 & P70/1703). The CMP outlines the proposed exploration and prospecting activities, management, and communications for work within the Hester State Forest (30) /Proposed Nature Reserve (154). Galan has provided the DBCA with its planned soil sampling and ground geophysics activities within these state forests. Planned activities are aimed to commence during third quarter 2022. The DBCA has indicated that subject to the final revisions of the CMP, the pending tenements will then be submitted for ministerial approval to undertake these low-impact exploration activities.

Positive

Galan Lithium Limited Announces Long Term Pumping Tests to Commence at HMW Project

2022-05-30 23:40:00

Galan Lithium Limited announced the initiation of the long-term pumping test program at its 100%-owned Hombre Muerto West Lithium Project (HMW Project), located on the Western Basin of the Hombre Muerto salar in Catamarca Province, Argentina. These tests are an integral part of the current Definitive Feasibility Study (DFS) for the HMW Project. The program consists of four (4) platforms. Two (2) are located at Pata Pila (PPB-01-21 (constructed) and PPB-02-22 (under construction)), with the other two located at Rana de Sal (RSB-01-22 (constructed) and RSB-02-22 (to be constructed)). The pump tests and subsequent analysis work is expected to be completed by the end of third quarter of CY2022. Each platform consists of one pumping well and 2 to 3 nearby monitoring wells. The construction of each monitoring well was specifically designed by WSP (Chile) to provide the optimal hydraulic information from the test and the expected evolution of the future production well field. The pumping tests are comprised of two phases: The first phase characterizes the hydraulic information and consists of an initial step-drawdown test, a recovery test and a constant rate test for a total of one week. Brine samples are also collected on each test. The second phase is the execution of a long term (30 days) production pilot test. Several brine samples will be obtained during this phase. The main objectives of these tests are to: Determine the hydraulic properties of the brine reservoir (permeability, vertical anisotropy and storage coefficient) for each aquifer unit; Verify the maximum sustainable pumping rate for each pumping well; and Register hydraulic parameters (flow rate and brine level), chemical and physical parameters evolution of the brine during each test. These tests are set to provide the critical information required for the planned Reserve model, to be conducted by SRK (Australia), as part of the DFS. The Reserve model will provide the basis for the production capacity parameters of the HMW Project, and the expected brine feed for the life-of-mine.

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Neutral

Galan Lithium Limited Presents at 121 Mining Investment Conference – New York, Jun-06-2022 09:50 AM

2022-04-13 16:57:00

Galan Lithium Limited Presents at 121 Mining Investment Conference – New York, Jun-06-2022 09:50 AM. Venue: etc. venues 360 Madison Avenue, New York City, New York, United States. Speakers: Juan Pablo Vargas de la Vega, MD & Director.

Positive

Galan Lithium Limited Announces Extensional Drilling Success At HMW Project

2022-04-06 23:21:00

Galan Lithium Limited announced the successful completion of the first drill hole in the latest drilling campaign at its 100% owned Hombre Muerto West Lithium Project (HMW Project), which is located on the Western Basin of the Hombre Muerto salar in Catamarca Province, Argentina. Diamond drillhole, PP-02-22, was completed at Pata Pila to a final depth of 450m. The Pata Pila licence covers large alluvial fan areas lying adjacent to Livent Corporation's (NYSE: LVHM) tenure in the region. The key purpose of PP-02-22 was to extend knowledge in the Pata Pila licence area so as to build-out the hydrogeological models required to confirm Reserve estimates at the HMW Project. The drillhole was designed to provide key geological data for testing extension to the existing HMW Project Mineral Resource, in both horizontal and vertical dimensions, from the salar limits.

Positive

Galan Lithium Limited Provides Update on the Intensive Site and Study Activities in Progress for its Hombre Muerto West Lithium Project in Catamarca Province, Argentina

2022-03-30 22:48:00

Galan Lithium Limited provided an update on the intensive site and study activities in progress for its 100%-owned Hombre Muerto West Lithium Project (HMW) in Catamarca Province, Argentina. Drilling of two pumping borehole wells has now been completed. These two wells are located at Pata Pila (to 225m depth) and at Rana de Sal (to 200m depth). Short-term pumping tests were successfully performed on both wells. Long term hydraulic pumping tests are set to commence in May 2022, once monitoring wells are constructed. Drilling of the third pumping borehole is set to commence shortly. Construction of the initial evaporation pond (S1), covering approximately 3,000 m2, has now been completed. Commencement of brine filling is imminent as all quality control inspections have been completed. Commencement of brine filling sees the initiation of the evaporation testing activities of the Pilot Plant. This is a major milestone given that it marks the commencement of large-scale piloting activities at HMW. The data set to be obtained from this initial evaporation trial will allow the calibration of the simulation model to predict the completion time for achieving the first batch of brine concentrate with 6% of Li contents produced by the pilot plant. The new expanded camp at HMW has been operational since mid-January 2022. An additional 20,000 litre diesel tank and residual storage area have also been constructed. An exploration diamond drillhole, EXP-002, is currently underway at Pata Pila. This drillhole is strategically located on higher ground and approximately 1km west from the Livent tenement boundary. This drillhole is expected to provide key geological data for testing extension to the existing Mineral Resource, in both horizontal and vertical dimensions, from the Salar's limit. An update to the existing HMW Mineral Resource estimate is expected to be completed by Third Quarter CY2022. Downhole probe at Rana de Sal (Pumping Borehole No 2): Borehole geophysics were conducted on borehole well, PBRS-01-21, within the Rana de Sal I tenement. Several geophysical probes were used including Borehole Magnetic Resonance (BMR), Conductivity and Temperature probe, Natural Gamma and Caliper. The BMR method provides an accurate characterisation of pore structure in the subsurface by measuring signals from magnetic resonance. PBRS-01-21 was profiled up to 200m depth with data strongly correlating with the geological logging done by Galan's geological team. Significant high porosity zones were observed along the profile. Consistent higher values of mobile (free) brine were recognised between 150 and 190 metres depth (approximately), in a gravel unit, which is considered potentially favourable for brine production. This BMR profile strengthens the hydrogeological conceptual model and allows Galan to better recognise units for the construction of productive wells in the considered Mineral Resource area. These profile results continue to support SRK's Mineral Resource estimate models.

Neutral

Galan Lithium Limited Presents at 121 Mining Investment Conference London, May-23-2022

2022-03-29 16:45:00

Galan Lithium Limited Presents at 121 Mining Investment Conference London, May-23-2022 . Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom.

Negative

Galan Lithium Limited Appoints Graeme Fox as Chief Financial Officer

2022-02-08 22:28:00

Galan Lithium Limited announced that it has appointed Mr. Graeme Fox to the role of Chief Financial Officer (CFO). Mr. Fox is an Australian CPA qualified accountant and experienced business analyst, with over 25 years of experience in the mining, contracting and transport industries, with a focus on strategic planning, financial modelling, investment evaluation, management accounting and compliance. During the last 20 years, Graeme's career has been focussed in the resources sector, including diverse roles throughout the value chain, working with BHP, WMC & Macmahon.

Neutral

121 Group Ltd, 121 Mining Investment Conference – New York, Jun 06, 2022 through Jun 07, 2022

2022-01-11 02:45:00

121 Group Ltd, 121 Mining Investment Conference – New York, Jun 06, 2022 through Jun 07, 2022. Venue: etc. venues 360 Madison Avenue, New York City, New York, United States.

Neutral

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022

2022-01-11 02:42:00

121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022. Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom.

Neutral

Galan Lithium Limited, Annual General Meeting, Jan 28, 2022

2021-12-30 05:17:00

Galan Lithium Limited, Annual General Meeting, Jan 28, 2022, at 10:30 W. Australia Standard Time. Location: The Park Business Centre, 45 Ventnor Avenue West Perth Western Australia Australia Agenda: To receive and consider the 2021 Financial Report together with the Declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report thereon; to consider adoption of remuneration report; to consider re-election of Director - Mr. Terry Gardiner; to consider re-election of Director - Mr. Daniel Jimenez; to consider approval of issue of shares - Equity Placement; and to consider other matters.

Positive

Galan Lithium Limited Provides a Progress Update Report for its 100% Owned Hombre Muerto West (HWM) Project (The Project) in Catamarca Province, Argentina

2021-12-12 22:51:00

Galan Lithium Limited provided a progress update report for its 100% owned Hombre Muerto West (HWM) Project (the Project) in Catamarca Province,Argentina. The Project has no third party royalty or offtake commitments. The construction of the new temporary camp at HMW is well advanced and it should be operational early January. Once completed, Galan will have access to two fully functional camps (the other at Candelas) to support the ongoing activities associated with the HMW studies. A larger, permanent camp will be completed during 2022. A new rotary rig, sourced under a new contract with a local Argentinian company, has commenced drilling at Rana de Sal with a second rig (diamond drilling) planned to arrive in early January 2022. If required, Galan has the option to bring in a third rig depending on the drilling progress made during January. Along with this new line of work, Galan intends to follow up with a passive seismic campaign which is expected to begin during the summer of 2022. The seismic data would further assist with the hydrogeological study to delineate the extension of the lithium brines and the depth of basin at the Project. The combination of the drilling campaign and geophysics will give Galan more robust data which is central for HMW's Feasibility Study is expected to formally commence soon.

Positive

Galan Lithium Limited Announces Updated Economic Study for HMW Project

2021-12-08 22:53:00

Galan Lithium Limited announced the results of an updated Preliminary Economic Assessment (PEA) study for its 100% owned Hombre Muerto West (HWM) Project ("the Project") in Catamarca Province, Argentina. The original PEA (as per ASX announcement dated 21 December 2020) was based on an average Li price of USD 11,687/t to the year 2040. The updated HMW economic study uses the same conservative Li price of USD 18,594/t as used in the study for Galan's second project (Candelas) (as per ASX announcement dated 30 November 2021). The updated economic study retains the original production profile of 20,000 tonnes per annum of battery grade lithium and no changes or improvements were made to Capex/Opex estimations used in the original PEA study. The updated economic study results also reflect recent changes to the tax legislation in Argentina. The preparation of the Project's original PEA disclosed in December 2020 was carried out by several well-regarded consultants. The mineral resource estimate was prepared by SRK, the lithium recovery method was designed by Ad-Infinitum, while Worley Chile reviewed the potential recovery method, the project's potential layout and infrastructure, capital and operating cost estimates and preliminary economic evaluation. The other sections of the original PEA were managed by employees of Galan Lithium Limited. The updated economic study results were managed by Ad-Infinitum and employees of Galan.

Neutral

Galan Lithium Limited Presents at Benchmark Week 2021, Dec-07-2021 08:00 AM

2021-12-03 11:21:00

Galan Lithium Limited Presents at Benchmark Week 2021, Dec-07-2021 08:00 AM. Speakers: JP Vargas De La Vega, Managing Director.

Neutral

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021

2021-11-30 20:45:00

Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021.

Positive

Galan Lithium Limited Provides an Update for its Ongoing Exploration Program At the Greenbushes South Lithium Project

2021-11-14 22:46:00

Galan Lithium Limited provided an update for its ongoing exploration program at the Greenbushes South Lithium project (joint venture between GLN (80%) and LIT (20%)). UltraMag Geophysics undertook four lines and roughly 5 km of Deep Ground Penetrating Radar surveys in October 2021. The survey lines were undertaken perpendicular to the inferred trace of the Donnybrook- Bridgetown Shear Zone (DBSZ). The preliminary results confirm that the method was successful in being able to penetrate to about 40 50 m in depth. The survey could delineate the presence of the DBSZ to depth and three potential blind pegmatites like targets at depth. The general location of the pegmatite- like targets identified by the DGPR survey corresponds to geochemical anomalies of pathfinder elements (As,Sb) in historical surface soil assays. Future surveys will follow up on these pegmatites like targets at depth. The ongoing soil sampling program focuses on the surface expression of the DBSZ that hosts the Greenbushes deposit. The DBSZ is a steeply dipping, N-S trending shear zone, primarily associated with syntectonic emplacement of the lithium-bearing pegmatites of the Greenbushes mine to the north. Recognised in geophysical data, this prominent geologic feature and the recent mapping helped identify its surface expression through the Greenbushes South project. Conservation management plans have been submitted (September 2021) to the Department of Biodiversity, Conservation and Attractions to extend access to the DBSZ. Once approved, the company will undertake further soil sampling, geophysical, and air-core drilling programs. Additionally, the company is planning future high-resolution UAV magnetic surveys to identify the target boundaries' scale and investigate if the program could incorporate other geophysical methods. Combined with the historical data, these initial surveys serve as a positive sign for future targeted soil and geophysical surveys along the DBSZ to help identify potential blind pegmatite bodies.

Positive

Galan Lithium Limited Receives Critical Pilot Plant and Camp Permits

2021-10-31 23:02:00

Galan Lithium Limited announce that it has received the essential government permits from the Ministra - Ministerio de Mineria (Mine Minister) in Catamarca to build its Stage 1 pilot plant and new camp accommodation at its Hombre Muerto West ("HMW") lithium brine project located in the Hombre Muerto West salt flat in the South American Lithium Triangle. As an update to the recently lodged quarterly, the Company has now completed the first of its small scale evaporation ponds at HMW and is measuring evaporation rates, which are essential for the feasibility study. Now that permits have been granted and the entire Galan project team has mobilised to Argentina, pilot plant and new camp construction activities will be expedited. The current high grade Indicated Resource for the HMW Project is 2,267Kt @ 946 mg/l Li.

Neutral

Galan Lithium Limited Presents at South-West Connect ASX Showcase, Oct-27-2021 03:30 PM

2021-10-25 11:19:00

Galan Lithium Limited Presents at South-West Connect ASX Showcase, Oct-27-2021 03:30 PM. Venue: Abbey Beach Resort, picturesque South-West region, Busselton, Western Australia, Australia.

Neutral

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021

2021-10-24 22:19:00

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021. Venue: Abbey Beach Resort, picturesque South-West region, Busselton, Western Australia, Australia.

Negative

Galan Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million.

2021-10-18 00:00:00

Galan Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,478,261 Price\Range: AUD 1.15 Discount Per Security: AUD 0.05405 Transaction Features: Subsequent Direct Listing

Positive

Galan Lithium Limited Announces First Bore Hole Completed - Further Brine Potential Revealed

2021-09-28 23:57:00

Galan Lithium Limited announce the successful completion of the first drill hole in their latest drill campaign at Hombre Muerto West. Drillhole PB-01-21 was completed at Pata Pila, to a final depth of 220m and the bore hole will soon be cased. The purpose of the drill hole will be to conduct pumping tests to help build the hydrogeological models required as part of the work to build reserve estimates at the Hombre Muerto West project located on the Western Basin of the Hombre Muerto salar in Argentina. Excellent recovery of cuttings for the entire hole has revealed a highly detailed stratigraphy downhole. The Pata Pila licence covers large alluvial fan areas lying adjacent to Livent Corporation's tenure.

Neutral

Galan Lithium Limited Presents at 121 Mining Conference Americas, Oct-13-2021

2021-09-27 19:04:00

Galan Lithium Limited Presents at 121 Mining Conference Americas, Oct-13-2021 .

Positive

Galan Lithium Limited and Circulor Ltd. Partner to Commence ESG Traceability

2021-09-13 22:49:00

Galan Lithium Limited announced its collaborative partnership with Circulor Ltd. to establish full lithium traceability and dynamic CO2 and environmental, social and governance (ESG) tracking for its lithium brine assets, in Argentina's Lithium triangle. Galan will be implementing Circulor's solution to help its future market products to meet sustainability objectives for ethical sourcing, CO2 transparency and other ESG performance metrics. Circulor's solution will be used during Galan's feasibility study stage by tracking samples from its pilot lithium carbonate plant to marketable product (expected in H2 2022). This partnership provides Galan with full traceability of their lithium supply chain. Galan will work with Circulor during the initial readiness phase to establish its blueprint for sustainable supply chain traceability. This will enable Galan to become a preferred source of supply to worldwide markets, by helping Galan meet compliance requirements under the EU Battery Regulations, various supply chain due diligence legislation and the proposed Carbon Border Adjustment Mechanism, when extended to lithium.

Neutral

Galan Lithium Limited, Special/Extraordinary Shareholders Meeting, Oct 12, 2021

2021-09-10 09:07:00

Galan Lithium Limited, Special/Extraordinary Shareholders Meeting, Oct 12, 2021, at 11:00 W. Australia Standard Time. Location: Hall Chadwick, 283 Rokeby Road Subiaco Western Australia Australia Agenda: To consider ratification of previous issue of tranche 1 placement shares; and to consider other matters.

Neutral

Galan Lithium Limited Presents at 121 Mining Investment Online APAC, Nov-02-2021

2021-08-25 03:38:00

Galan Lithium Limited Presents at 121 Mining Investment Online APAC, Nov-02-2021 .

Neutral

Galan Lithium Limited Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021

2021-08-25 03:15:00

Galan Lithium Limited Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021 .

Positive

Galan Lithium Limited Announces to Commence Next Drilling Programme at Hombre Muerto West Project

2021-08-18 23:02:00

Galan Lithium Limited announced that, following the recent receipt of the next round of drilling permits from the Secretaria de Estado de Minería – Gobierno de Catamarca (the authority that approves drilling permits in Catamarca, Argentina), the company will commence its next drilling programme over the Hombre Muerto West (HMW) project located on the Hombre Muerto salar in Argentina. Preparatory works to access sites for drilling have now commenced within the Pata Pila and Rana de Sal concessions. Drilling equipment has already mobilised to site. This next round of drilling aims to confirm and expand current resources and to test the dynamics of brine flow rates, and lithium grade necessary to estimate a maiden Reserves Estimate to be used as part of HMW's Definitive Feasibility Study (DFS). The HMW project currently houses a high-grade, low impurity lithium brine resource of ~2.3Mt LCE 946mg/l Li.

Negative

Galan Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.

2021-08-13 00:00:00

Galan Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,478,261 Price\Range: AUD 1.15 Discount Per Security: AUD 0.05405 Transaction Features: Subsequent Direct Listing

Neutral

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021

2021-07-22 01:14:00

121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.

Positive

Galan Lithium Limited Initiates Candelas Scoping Study

2021-07-19 23:12:00

Galan Lithium Limited announced the imminent commencement of a scoping study for the Company's Candelas project. Candelas is Galan's second key project and is also located on Hombre Muerto West salt flat (on the southeast) in the well-known South American Lithium Triangle in Catamarca, Argentina. The scoping study for the Candelas Project will be performed by Galan's in-house engineering team whilst Ad-Infinitum in Chile will oversee the chemical processing and other relevant study sections. The study is expected to be finalised during Fourth Quarter 2021.

Positive

Galan Acquires Option to Purchase Key Tenement

2021-07-14 22:37:00

Galan Lithium Limited announced that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purchase of the right to earn a 100% interest in the Casa Del Inca III lithium brine tenement. The acquisition increases and consolidates the company's Hombre Muerto West (HMW) project footprint located in the South American Lithium Triangle in Catamarca, Argentina. Galan has agreed to initially acquire 300ha for a total of USD 150,000 with the initial deposit of USD 80,000 being paid. Casa del Inca III is located within the Salar del Hombre Muerto, where Livent Corporation is currently producing lithium carbonate and Galaxy Resources Limited is developing its Sal de Vida project. More importantly, it abuts Galan's Pata Pila interest, which shares the same geology setting forming part of the suite of tenements that comprise the HMW project. The HMW project currently houses a high-grade, low impurity lithium brine resource of 2.3Mt LCE @ 946mg/l Li.

Positive

Galan Lithium Limited Announces Proof of Concept Tests Achieved Battery Grade Quality 99.88%

2021-07-11 23:18:00

Galan Lithium Limited announced these exciting proof of concept test work results for the precipitation of battery grade lithium carbonate product at its flagship Hombre Muerto West (HMW) project located in the South American Lithium Triangle in Catamarca, Argentina. Highlights: Proof of concept laboratory test of HMW Project's Lithium Carbonate Equivalent (LCE) achieves 99.88% of purity (minimum requirement of Battery Grade Quality of >99.5% LCE); The test feedstock was the high quality brine concentrate, with lithium contents >6%, obtained through the evaporation test done at Antofagasta; The test also delivered great results for the removal of SO4, B, Ca and Mg, which can be difficult contaminants to remove; The test was overseen by specialist consultants Ad-infinitum who also identified cost saving opportunities for further improving the results with a higher LCE purity. The first laboratory test work for producing lithium carbonate was conducted in Antofagasta under the supervision of specialised consultancy firm, Ad-Infinitum. The test used as a feedstock the high quality brine concentrate with >6% of Li contents obtained through the evaporation test work also undertaken in Antofagasta. The test procedure and test work activities were developed and supervised by Ad-Infinitum. They initially optimised the concentration stage, producing a purer product thus reducing reagent consumption and opex costs. Importantly at the next stage, further reagent cost reductions were identified, as a cleaner concentrate requires less reagents and volume impurities to be removed for the precipitation of lithium carbonate. As a result, the battery grade was obtained with no requirement to do undertake an additional purification step using dissolution with CO2. The assay of the lithium carbonate sample was completed at an external laboratory located in Santiago. The delivered result achieved 99.88% of lithium carbonate contents exceeding the minimum quality of 99.5% for battery grade products. On the back of the developing test procedures, Ad-Infinitum also identified other opportunities for further improving results. These opportunities will be adopted in the future test work activities at both laboratory and pilot plant levels with the possibility to further improve the quality of the battery grade lithium carbonate product. This proof of concept milestone adds more flexibility to the adoption of a preferable processing design for the HMW Project. The study team is working on different alternatives to optimise the combined outcome for the pond design and lithium carbonate plant design.

Neutral

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021

2021-07-08 02:42:00

121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021.

Neutral

121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021

2021-07-01 00:00:00

121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021.

Fundamental Summary

Looking at Galan Lithium's financials of Q4 reflected unimpressive, mediocre results. We do believe, though, that macro-related market conditions will influence its performance more significantly than its individual results. We gave Galan Lithium a 71 rating and a HOLD recommendation.

Galan Lithium announced earnings results for the full year ended June 30, 2021. For the full year, the company announced total revenue was AUD 2.134 million compared to AUD 392,046 a year ago. Net loss was AUD 907,891 compared to AUD 2.255 million a year ago. Basic loss per share from continuing operations was AUD 0.0043 compared to AUD 0.0149 a year ago.

Business Description

Galan Lithium acquires, explores for, evaluates, and develops mineral projects. It primarily explores for lithium, tin, and other deposits. The company holds interests in the Hombre Muerto West lithium brine project that comprises six exploration permits covering an area of approximately 9,493 hectares located in the Catamarca province in Argentina; and the Candelas lithium brine project located in the Catamarca province, Argentina. It also holds interest in the Greenbushes South project covering an area of approximately 353 square kilometers located to the south of the Greenbushes mine; and a 100% interest in the Del Condor and Pucara lithium brine salar projects that comprise two claim blocks covering an area of 1,804 hectares in Argentina. The company was formerly known as Dempsey Minerals Limited and changed its name to Galan Lithium in August 2018. Galan Lithium was incorporated in 2011 and is based in West Perth, Australia.

Sector Overview

Galan Lithium is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Galan Lithium's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 87.1 122.6% 74
Liabilities 1.0 31.3% 78
Price to Book 7.0 18.7% 78
Cash & Equivalents 59.4 281.5% 64
Equity 86.1 124.4% 55
EBITDA -2.8 3.0% 62
Total Revenues 0.0 0.0% 87
Parameter Value Change Score
Return on Equity -3.8 -22.5% 66
Net Cashflow 56.4 305.0% 68
Capital Expenditure -4.0 -81.8% 76
Asset Turnover 0.0 -45.8% 60
Free Cashflow -0.0 -38.7% 69

* All values are TTM

The below chart reflects Galan Lithium's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Galan Lithium's peer average final assessment score stands on 67.0, Galan Lithium's score is 71.

  •  GLN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 61 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 62 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 63 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 64 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 65 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Galan Lithium's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Galan Lithium's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 1.17
52W Low 0.83
52W High 2.23
5D MA 1.09
50D MA 1.44
200D MA 1.49
MACD -0.1
RSI 1.38
STOCH 63.79

Balance Sheet Analysis

Overall, Galan Lithium's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Galan Lithium has done an excellent job managing its liabilities. Galan Lithium's liabilities stood at 1.0 in the current filing, which represents a 31.3% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. Therefore, we rated their liabilities movement with a score of 78. Also, Galan Lithium publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 7.0 and represents a 18.7% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. The company's book value factors component, therefore, received a grade of 78. However, one discouraging result, Equity, stood out. Galan Lithium management produced disappointing equity metrics this period, which stood at 86.1, representing a 124.4% change. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 55. Therefore, we scored its balance sheet a 66.

Parameter Value Change Score
Assets 87.1 122.6% 74
Liabilities 1.0 31.3% 78
Price to Book 7.0 18.7% 78
Cash & Equivalents 59.4 281.5% 64
Equity 86.1 124.4% 55
* All values are TTM

The below chart describes Galan Lithium's performance as reflected on its balance sheet with respect to its peers. While Galan Lithium received a balance sheet score of 66, the average of its peers stands on 62.0.

  •  GLN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 61 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 62 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 63 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 64 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 65 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Galan Lithium appears likely to maintain its strong income statement metrics and momentum going forward. Galan Lithium's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. Consequently, their revenue efficiency received a grade of 87. Also, Return factors metrics and ratios were exceptional in this report. Galan Lithium reported a return on equity (ROE) ratio of -3.8, representing a change of -22.5% from the last report. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 66. On the other hand, EBITDA, jumped out as looking problematic. Galan Lithium's EBIDTA now sits at -2.8 and represents 3.0% change from the last reporting period. This parameter coud affect companies in the same industry and market capitalization by up to 20.0%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 62. Its income statement, therefore, earned a score of 73.

Parameter Value Change Score
EBITDA -2.8 3.0% 62
Total Revenues 0.0 0.0% 87
Return on Equity -3.8 -22.5% 66
* All values are TTM

The below chart describes Galan Lithium's performance as reflected on its income statement with respect to its peers. While Galan Lithium received a income statement score of 73 , the average of its peers stands on 71.0.

  •  GLN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Panoramic Resources Limited 420.4M 95 50 62 71 61 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 62 1
Alkane Resources Limited 402.0M 68 74 74 70 63 1
Centaurus Metals Limited 397.2M 87 62 66 73 64 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 65 1
Jupiter Mines Limited 372.2M 96 46 50 81 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, Galan Lithium's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Galan Lithium's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -4.0, which represents a -81.8% change from the last period. This performance is all the more impressive relative to their peers and competitors. Consequently, their CapEx movement received a grade of 76. Also, Galan Lithium's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Galan Lithium recorded free cash flow of -0.0, which represents a -38.7% change from the previous report. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Therefore, its free cash flow movement earned a score of 69. On the other hand, Asset Turnover, jumped out as looking rather underwhelming. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.0, which represents a -45.8% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Correspondingly, their asset turnover movement received a grade of 60. Therefore, the company's cash flow earned a grade of 68.

Parameter Value Change Score
Net Cashflow 56.4 305.0% 68
Capital Expenditure -4.0 -81.8% 76
Asset Turnover 0.0 -45.8% 60
Free Cashflow -0.0 -38.7% 69
* All values are TTM

The below chart describes Galan Lithium's performance as reflected on its cash flow with respect to its peers. While Galan Lithium received a cash flow score of 68, the average of its peers stands on 70.0.

  •  GLN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 61 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 62 1
Alkane Resources Limited 402.0M 69 58 68 71 68 63 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 64 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 65 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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