Galaxy Resources Limited

Creating a sustainable, large scale, global lithium chemicals business to power the future

Galaxy Resources Limited is an ASX-listed company with a diversified portfolio of world-class lithium assets. As an established producer with experienced management and a robust balance sheet, the Company is well positioned to leverage these assets to fuel an electrical revolution in power generation, energy storage and transportation

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GXY – Citi rates the stock as Buy

Galaxy Resources has made a strategic equity investment of $22.5m in Alliance Mineral ((A40)). This takes its holding to 12%. Alliance Mineral is currently ramping up the Bald Hill lithium project in Western Australia and has guided to production of 240,000t of spodumene concentrate in FY20.

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