Galaxy Resources Limited (ASX: GXY) presents the corporate strategy and project updates to the stakeholders.
- The company is targeting an FID or Final Investment Decision for the Sal De Vida stage one in Q2-Q3 of the year 2020.
- GXY also reduced the technical complexity and risk for the Sal de Vida via simplifying the project through in-house developed flowsheet.
- The company intends to fund stage one of the project through the balance sheet.
- At the Mt Cattlin project, the company is focusing on optimising the production and meeting the consumers’ demand.
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