Galaxy Resources to Fund the Stage One of Sal de Vida from the Pockets

  • Nov 18, 2019 AEDT
  • Team Kalkine

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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