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View Full Version : Galaxy sells first Tantalum shipment. Link to Tantalum Australia overview


Sparty
03-16-2011, 12:30 AM
Galaxy Resources Limited (ASX: GXY, "Galaxy") is pleased to announce it has delivered the first shipment of tantalum concentrate from its Mt Cattlin mine in Western Australia, under its five-year sales agreement with Global Advanced Metals Pty Ltd ("GAM").

The shipment of 28 tonnes had an average grade of 2.3% tantalum pentoxide.

While Galaxy is focused on mining and processing of lithium ore at Mt Cattlin, tantalum ore is coincidentally mined during that process. The tantalum ore is subsequently processed into tantalum concentrate by-product.

Galaxy Managing Director, Iggy Tan, advised that the Company was pleased to record its first sale of tantalum concentrate as the ramp up of Mt Cattlin progresses.

The Company has also secured the MV Ocean Flower for its first shipment of spodumene to China for the end of March" 2011.

During 2009 the United States Geological Survey (USGS) reported zero world production of Tantalum.

Tantalum is a vital component of modern electrical equipment and is going to play an increasing role in green energy as the use of capacitors ramps up. GXY has the 4th largest Tantalum resource of our ASX listed compnaies and is the first to production.... The USA is 100% dependent on Tantalum imports ensuring a hot market IMO.

read about Australian Tantalum here (http://www.australian-shares.com/tantalum-australia)
read previous galaxy posts -you might be surprised! (http://www.australian-shares.com/forums/search?Search=galaxy)