Galan Lithium (GLN) Noosa Mining Investor Conference summary

Market and Industry Trends

• Lithium market is rebounding, driven by electric vehicles, stationary batteries, and increased energy demand from AI and computing sectors.

• Recent transactions, such as POSCO's $65 million deal, highlight strong market activity and valuation benchmarks above $15,000/ton for lithium carbonate.

• Supply is not keeping pace with demand, supporting higher lithium prices and positive outlook.

• Robust demand growth is forecast, with global lithium demand expected to triple or quadruple from 2025 to 2030, underpinned by EV and battery storage adoption.

Project Progress and Competitive Advantages

• Fully permitted for phase one and expansion, with 80% construction advance and key RIGI permit for stability in Argentina.

• Brine asset offers lowest operating costs in the industry, leveraging natural evaporation and filtration processes, and is in the lowest quartile of the global cost curve.

• Product grade is highly competitive, with lithium chloride concentrate equivalent to 12.9% lithium oxide, outperforming industry averages.

• Lithium chloride output aligns with dominant LFP battery chemistry, driving global demand, especially in China.

• Secured permits ahead of major competitors, demonstrating strong local relationships and execution capability.

Financial and Operational Outlook

• Backed by significant financial support from major shareholders and international banks, enabling stepwise project execution.

• The asset is fully funded for Phase 1, with no debt and tax advantages under Argentina's RIGI scheme.

• Market cap currently around $220 million, with plans to scale from 4,000 tons to 60,000 tons of production.

• Nano filtration technology to be implemented, reducing operating costs and improving product quality.

• Targeting production start by mid-2026, positioning as the only new ASX-listed lithium producer coming online next year.