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Argentina

Candelas Project

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Categories

Summary

Mine TypeIn-Situ
Study CompletedPreliminary Economic Assessment
Commodities
  • Lithium
  • Potassium
Mining Method
  • Brine mining
Mine Life... Lock
SnapshotThe Candelas Project is part of the Hombre Muerto basin, one of the most globally prolific salt flats.

The Candelas Project is located approximately 40 km ESE of the Hombre Muerto West (HMW) Project. The Candelas project will be incorporated into Phase 4 of the HMW Project's 60 ktpa LCE long term production plan.

On 29 January 2025, Galan Lithium announced a substantial increase in the mineral resources at its 100% owned Candelas lithium brine project. The Candelas Mineral Resource was increased by more than 150%. This increase provides Galan with increased optionality in commercialising the project with significant upside potential also identified to further enhance the latest Candelas Mineral Resource.

Owners

SourceSource
CompanyInterestOwnership
Galan Lithium Ltd. 100 % Indirect
Candelas project is 100% owned by Galan Lithium Ltd.

Deposit type

  • Brine

Summary:

The Candelas licence area is located within a structurally controlled basin (graben) and is part of the Hombre Muerto salar. The salar hosts a world-renowned lithium brine deposit. The lithium is sourced locally from weathered and altered felsic ignimbrites and is concentrated in brines hosted within basin fill alluvial sediments and evaporites.

Dimensions
The extents of the resource are up to 6 km (easting) by 13 km (northing) by 600 m (vertical), giving a total volume of 2,250 Mm3.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnitsAvg. AnnualLOM
Lithium kt 14 *364 *
All production numbers are expressed as carbonate. * According to 2021 study.

Production Costs

CommodityUnitsAverage
Cash costs Li2CO3 USD  ....  Subscribe
Assumed price Li2CO3 USD  ....  Subscribe
* According to 2021 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 22, 2026
....................... Subscription required ....................... Subscription required Subscription required Mar 22, 2026
....................... Subscription required ....................... Subscription required Subscription required Mar 22, 2026

Workforce

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