Galaxy Resources

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Old Sep 11, 2017, 8:06pm   #25
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Old Sep 12, 2017, 1:16pm   #26
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Demand Lithium


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Old Sep 12, 2017, 3:37pm   #27
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mark2017 started this thread China’s Electric Car Switch to Rattle Industry, Drive Up Price of Lithium
Article ID: 680874

Released: 11-Sep-2017 12:05 PM EDT

Source Newsroom: Cornell University
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Environmental Science, Green Tech, Technology, Travel and Transportation, Local - New YorkKEYWORDS
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electric car batteries, Environment, Emissions, Pollution, Air Pollution,
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China’s electric car switch to rattle industry, drive up price of lithium

Newswise — Chinese regulators recently announced that the government is setting up a timetable to end production and sales of petrol and diesel cars. China is following the example of other countries, such as Britain and France, that announced similar moves towards cleaner vehicles in the coming years. Arthur Wheaton, an automotive expert with Cornell University’s School of Industrial and Labor Relations, says that while the ban makes sense in a country plagued by pollution, obstacles remain.

Bio: https://www.ilr.cornell.edu/people/arthur-wheaton



Wheaton says:

“The move to alternative fuels makes sense in China, but there are many issues associated with legislating a single solution to the pollution problem. Lithium-ion batteries are the most common electric batteries for automobiles. Lithium is also in relatively short supply and is highly unstable when not manufactured correctly.

“If China does impose a full ban on internal combustion engines it will rattle the industry and make the price for lithium jump as it is already in short supply. There have been promises of hydrogen-powered fuel cells for generations but no major breakthroughs yet.

“California has tried many times to impose regulations on zero emissions vehicles and had to cancel or delay them as problems inevitably screw up the plans. Currently, the U.S. market is much less likely under the current administration to even consider this as an option. It is not fighting the same battle and has moved away from regulations to improve the environment.”



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Old Sep 14, 2017, 2:31pm   #28
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mark2017 started this thread Very good new


Galaxy Resources Limited James Bay Drilling - Significant Mineralisation Extended

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09/14/2017 | 01:45am CEST
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Perth, Australia (ABN Newswire) - Galaxy Resources Limited ("Galaxy" or the "Company") (ASX:GXY) (OTCMKTS:GALXF) is pleased to announce further assays from its 2017 drilling campaign at its James Bay Project ("James Bay "), Quebec, Canada.

In late March, the Galaxy James Bay team commenced a ~33,000m diamond drilling campaign to extend and develop the existing James Bay spodumene resource in Quebec, Canada - the program is now complete. All assays are expected to be finalized by the end of September 2017.

All intercepts below are reported downhole.

Highlights from this round of drilling and assay are:

- 56.6m at 1.61% Li2O from 89.3m to 145.9m (drill hole JBL17- 09)

- 49.6m at 1.60% Li2O from 17.0m to 66.6m (drill hole JBL17- 30)

- 34.5m at 1.63% Li2O from 68.8m to 103.3m (drill hole JBL17-104)

- 35.9m at 1.54 % Li2O from 2.0m to 37.9m (drill holeJBL17-105)
and 53.5m at 1.72 % Li2O from 68.5m to 122.0m

- 41.0m at 1.81 % Li2O from 25.8m to 66.8m (drill hole JBL17-106)
and 88.4m at 1.46 % Li2O from 204.1m to 292.5 m

- 34.2m at 1.29 at % Li2O from 86.0m to 120.2m (drill hole JBL17-60)

Assays (Tables 1 and 2, see the link below) have been received for a further 49 diamond holes for 10,111m of NQ drilling (collars, Table 1, see the link below). Drilling has been both resource infill and resource extensional in type. All drilling is diamond (core). Pegmatites outcrop at surface and the drill program has targeted approximately 1,850m of pegmatite outcrop westward of the James Bay Highway. The first three drill holes east of the highway returned economic grades in pegmatite. The resource remains open and largely untested east of the James Bay Highway.

Thicker pegmatites at the western extremity of the known mineralization remain open and untested below the limits of the current drilling. The now-completed drilling program will be used for a mineral resource re-estimate and upgrade, which is expected to be finalised by the end of October 2017.

Galaxy's Managing Director and CEO, Anthony Tse, commented "The results from this last set of assays are very good and reaffirm the potential of James Bay, as a long-life high grade spodumene project. We look forward to the outcome of the resource upgrade which will follow. The Project Notice, which outlines the scope of the project, is expected to be submitted shortly to the relevant departments in both the Quebec Government and the Federal Government of Canada. "

Further assay results will be released as they are received over the coming weeks.

All results are listed in Table 2, see the link below.

ABOUT THE JAMES BAY PROJECT

The James Bay Pegmatite swarm is located 10km south of the Eastmain River and 100 kilometers east of James Bay. The property is accessible by paved road from the James Bay Road which cuts through the property close to the 381km road marker on the highway Route/109 from Val d'Or, Quebec, Canada. Val d'Or is approximately 526km westward from Montreal, Quebec. A large, multi-service truck stop is located at marker 381. Discovered in the 1960's and then known as the Cyr property the site consists of a swarm of 33 pegmatite dykes that belong to the rare-element 'class', the LCT (Li-Cs- Ta) 'family' and the albite-spodumene 'type' per the classification by Cerny (1991). Two new major pegmatite dykes have been discovered in this current campaign as well as smaller swarms eastward of the known extent. The mineralised pegmatite is open at depth and to the east. The lithium bearing mineral contained in the pegmatites is spodumene LiAl(Si2O6), a member of the pyroxene group of minerals. A classified resource was reported at cut-off grade of 0.75% Li2O of 11.75Mt @ 1.30% Li2O (Indicated) and 10.47Mt @ 1.20% Li2O (Inferred) within a conceptual pit shell using a lithium carbonate price of USD 6,000/t, metallurgical and process recovery of 70%, mining and process costs of USD 64 per tonne and overall pit slope of 45 degrees. The current resource is based on 14,457m of diamond drilling and 201.3m of horizontal channel sampling. The pegmatite swarms have dip direction ~N 103 degrees E., dip steeply at ~60 degrees westward and forms a corridor of discontinuous dykes about ~4km in length and ~300m wide. This outcrop is to about 15-20m above the surrounding muskeg/swamp. This phase of drilling is complete.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/KPVQY78H
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Old Sep 14, 2017, 7:47pm   #29
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mark2017 started this thread Why Galaxy Resources Limited shares stormed higher today


James Mickleboro | September 14, 2017 |
More on:

GXY






Although the market has sunk lower today, that hasn?t stopped the Galaxy Resources Limited (ASX: GXY) share price for climbing higher.



In morning trade the lithium miner?s shares are up 5% to $2.70.



Why have its shares climbed higher?



This morning Galaxy released further assays from its drilling campaign at its James Bay Project in Quebec, Canada.



The now complete 33km diamond drilling campaign was undertaken in order to extend and develop its existing James Bay spodumene resource.



According to today?s release, assays have been received for a further 49 holes and reaffirm the potential of James Bay as a long-life high grade spodumene…

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Although the market has sunk lower today, that hasn’t stopped the
Galaxy Resources Limited
(ASX: GXY) share price for climbing higher.

In morning trade the lithium miner’s shares are up 5% to $2.70.


Why have its shares climbed higher?

This morning Galaxy released further assays from its drilling campaign at its James Bay Project in Quebec, Canada.

The now complete 33km diamond drilling campaign was undertaken in order to extend and develop its existing James Bay spodumene resource.

According to today’s release, assays have been received for a further 49 holes and reaffirm the potential of James Bay as a long-life high grade spodumene project.


Should you invest?

These results appear to confirm that Galaxy has three world-class assets on its hands.

Mt Cattlin in Western Australia is already up and running and looks set to generate strong level of free cash flow this year.

The other asset is its Sal de Vida lithium and potash brine project in Argentina.

When this opens management believes it will generate total annual revenues in the region of US$215 million and operating cash flow before interest and tax of US$118 million per annum at full production rates for a 40 year period.

But if lithium demand continues to grow as strongly as predicted, I believe there’s a reasonable chance that these estimates could be upgraded.

Overall, I believe this makes Galaxy the best option for investors in the industry ahead of its peers
Orocobre Limited
(ASX: ORE) and
Pilbara Minerals Ltd
(ASX: PLS).

Though it is worth remembering that it is a high risk investment and largely unsuitable for the average investor.

Finally, as well as Galaxy,
this tech share could also be a big winner from the rise of electric vehicles and renewable energy.



https://www.fool.com.au/2017/09/14/w...-higher-today/
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Old Sep 15, 2017, 7:36pm   #30
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mark2017 started this thread VW announces $84 billion investment in electric cars and batteries
VOLKSWAGEN has announced that it is investing $84 billion investment in electric cars and batteries.
By Luke John Smith
PUBLISHED: 19:47, Mon, Sep 11, 2017 | UPDATED: 19:54, Mon, Sep 11, 2017 GETTY
VW has announced it is investing $84 billion in electric carsq
VW has announced that it is investing $84 billion in electric cars and batteries.

The German manufacturer announced the change to its investment strategy tonight at a pre-Frankfurt Motor Show 2017 event.

Earlier this year, VW announced it was investing $10 billion in EVs but has tonight changed its investment strategy.

Of this, $50 billion will be invested in battery production in order to support its ambitions to create a vast range of electric vehicles.

http://www.express.co.uk/life-style/...017-Volkswagen
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Old Sep 18, 2017, 8:40pm   #31
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mark2017 started this thread Price lithium up


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