Galaxy Resources Ltd. said April 4 that the processing plant at its Mount Cattlin lithium project in Western Australia has reached nameplate capacity, completing the commissioning period ahead of schedule.
A maximum plant throughput of 219 dry tonnes per hour during a 24-hour period has been achieved at Mount Cattlin so far this year, with throughput averaging 210 dry tonnes per hour at the monthly average of 79% utilization rate over the last seven days.
Final output production rate averaged 378 dry tonnes per day over the past week, with the best production day recorded in March at 488 dry tonnes.
According to Galaxy, production costs at Mount Cattlin are continuing to trend down in line with expectations, and further process improvements are planned this year to further increase production and reduce costs.
The company is aiming to complete the obligations under its 2016 off-take contract, with the upcoming shipment scheduled to arrive April 19. Following this shipment, all future volumes shipped will be based on 2017 pricing terms, and 100% of the revenues from lithium concentrate sales will flow to Galaxy.