Galaxy Resources (ASX:GXY) has today revealed its reached record quarterly production of 56,460 dry metric tonnes (dmt) from its Mt Cattlin, topping its production guidance of 45,000 – 50,000 dmt.
Galaxy says the Mt Cattlin production unit cash cost of US$337 per dmt produced makes it one of lowest costing lithium concentrate operations in the world.
During the period a total of 29,439 dmt of lithium concentrate shipped.
Galaxy has been focusing on enhancing product quality to reinforce Mt Cattlin’s market position as a reliable producer of high quality spodumene. The higher final product grade achieved in Q2 2019 has come at a small tradeoff to overall plant recovery.
Shares in Galaxy (ASX:GXY) are trading 6.11 per cent higher at $1.39.