Western Australian Premier Colin Barnett was on hand today to officially open lithium producer Galaxy Resources’ Mt Cattlin spodumene project near Ravensthorpe.
The opening ceremony was also attended from representatives from Galaxy’s Chinese investment partner Creat Group.
According to the company’s managing director Iggy Tan, the project is now fully-funded and has received all the environmental and works approvals.
“Galaxy can now focus on rapidly advancing the construction of its mine and processing facility in order to meet the forecast increase in demand for lithium,” he said.
“By 2010, the Mt Cattlin mine will be the world's second largest hard rock producer of spodumene.
“This, along with the development of a lithium carbonate plant in China, will make Galaxy the largest and lowest-cost lithium carbonate producer in Asia.
“The rapid development of the project is a testament to the commitment of our team and the strong relationship between WA and China.”
The project will produce 137,000 tonnes of spodumene concentrate per year at its onsite processing facility, which will be shipped to the company's downstream processing facility in Jiangsu Province, China.
Construction is scheduled to commence next week.