23% increase for Galaxy's Lithium Reserves

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Asia Business News

Galaxy Resources Limited (ASX:GXY) Increases Ore Reserves At Mt Cattling Spodumene Project By 11.4 Million Tonnes, Up 23%

Thursday March 11 10:16 AM


Perth, Australia, Mar 11, 2010 - (ABN Newswire) - Emerging lithium producer, Galaxy Resources Limited (ASX: GXY.AX) (PINK:GALXF) is pleased to announce a new ore reserve statement for the Mt Cattlin Spodumene Project near Ravensthorpe, Western Australia. The total "Proved" and "Probable" estimate has increased to 11.4 million tonnes @ 1.05% Li2O which represents a 23% increase from the previous reserve estimation in September 2009 (9.3 million tonnes at 1.04% Li2O). http://au.biz.yahoo.com/100310/42/2bq5n.html

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