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#1
03-11-2010, 12:12 AM
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23% increase for Galaxy's Lithium Reserves
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 Read about Australian Lithium stocks, producers and more
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. 
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