/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES/
PERTH, Australia, Feb. 28, 2013 /CNW Telbec/ - Galaxy Resources Ltd (ASX: GXY)
("Galaxy" or "the Company") advises it has appointed lithium sales and
marketing consultant Mr Joe Lowry to the Company's sales and marketing team.
Mr Lowry spent 23 years with lithium major FMC Lithium ("FMC") and was most
recently FMC's Global Sales & Business Development Director, responsible for
sales of approximately US$240 million worldwide.
Prior to this position, Mr Lowry was FMC's Managing Director, Asia Pacific.
During this time, he spent five years in China and six years in Japan,
significantly growing FMC's lithium product sales across Japan, China and
Korea. Mr Lowry was also the Venture Manager for FMC's first manufacturing
plant (butyllithium) in China.
Galaxy's Managing Director Iggy Tan welcomed Mr. Lowry's appointment: "We are
fortunate to have someone with Mr Lowry's level of experience join our team."
Mr Lowry said he was attracted to Galaxy's lithium industry achievements and
About Galaxy (ASX: GXY)
Galaxy Resources Ltd ("Galaxy") is an Australian-based global lithium company
with lithium production facilities, hard rock mines and brine assets in
Australia, China, Canada and Argentina. The Company is an integrated lithium
mining, chemicals and battery company listed on the Australian Securities
Exchange (Code: GXY) and is a member of the S&P/ASX 300 Index.
Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western
Australia where it mines lithium pegmatite ore and processes it on site to
produce a spodumene concentrate and tantalum by-product. At full capacity,
Galaxy will process 137,000 tpa of spodumene concentrate which will feed the
Company's wholly-owned Jiangsu Lithium Carbonate Plant in China's Jiangsu
province. The Jiangsu Plant has commenced production and will produce 17,000
tpa of battery grade lithium carbonate, the largest producer in the Asia
Pacific region and the fourth largest in the world.
Galaxy is also advancing plans to develop the Sal de Vida (70%) lithium and
potash brine project in Argentina situated in the lithium triangle (where
Chile, Argentina and Bolivia meet) which is currently the source of 60% of
global lithium production. Sal de Vida has excellent promise as a future low
cost brine mine and lithium carbonate processing facility.The Company also
owns the James Bay (100%) Lithium Pegmatite Project in Quebec, Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronics
and are an essential cathode material for long life lithium-ion batteries used
to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the
global lithium demand outlook and is positioning itself to achieve its goal of
being involved in every step of the lithium supply chain.
Caution Regarding Forward Looking Information.
This document contains forward looking statements concerning Galaxy.
Forward-looking statements are not statements of historical fact and actual
events and results may differ materially from those described in the forward
looking statements as a result of a variety of risks, uncertainties and other
factors.Forward-looking statements are inherently subject to business,
economic, competitive, political and social uncertainties and
contingencies.Many factors could cause the Company's actual results to
differ materially from those expressed or implied in any forward-looking
information provided by the Company, or on behalf of, the Company. Such
factors include, among other things, risks relating to additional funding
requirements, metal prices, exploration, development and operating risks,
competition, production risks, regulatory restrictions, including
environmental regulation and liability and potential title disputes.
Forward looking statements in this document are based on Galaxy's beliefs,
opinions and estimates of Galaxy as of the dates the forward looking
statements are made, and no obligation is assumed to update forward looking
statements if these beliefs, opinions and estimates should change or to
reflect other future developments.
Not For Release in US
This announcement has been prepared for publication in Australia and may not
be released in the U.S. This announcement does not constitute an offer of
securities for sale in any jurisdiction, including the United States, and any
securities described in this announcement may not be offered or sold in the
United States absent registration or an exemption from registration under the
United States Securities Act of 1933, as amended. Any public offering of
securities to be made in the United States will be made by means of a
prospectus that may be obtained from the issuer and that will contain detailed
information about the company and management, as well as financial statements.
Corporate Iggy Tan Managing Director Galaxy Resources Ltd Tel (office): +61
(0)8 9215 1700 Email:email@example.com
Media Contact Jane Munday FTI Consulting Tel (office): +61 (0)8 9485 8888 Tel
(mobile): + 61 (0)488 400 248 Email:firstname.lastname@example.org
SOURCE: Galaxy Resources Limited
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-0- Feb/27/2013 21:30 GMT
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