Galaxy Resources

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WA-based Galaxy Resources operates as an integrated lithium mining, chemicals, and battery company in Australia. The company mines lithium pegmatite ore and processes it to produce a spodumene concentrate and tantalum by-product.

It owns the Mt Cattlin spodumene project located near Ravensthorpe in Western Australia; and holds interest in the James Bay project, a spodumene pegmatite deposit located in Quebec, Canada.

Contact Details

Level 4, 21 Kintail Road, APPLECROSS WA 6153

08 9215 1700

reception@galaxylithium.com

www.galaxyresources.com.au

Lists and Charts

Share Price

Closing price for the last 90 trading days

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Share Transactions

15/06/20

$0 Other

John Turner

15/06/20

$0 Other

Peter Bacchus

15/06/20

$0 Other

Martin Rowley

Total value as at the date of the transaction

Revenue

Rank		Company	Revenue
^th		Galaxy Resources	$99.2m

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474 listed resources companies ranked by revenue.
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Total Shareholder Return as at 30/06/20

Rank	Company	1 yr	5 yr
627^th	Galaxy Resources	-37%	34%

666 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Article Timeline

Company Activity

	NEWS: Tagged in Drill contractor launches $5m IPO	30 Jun 2020
	REMUNERATION UPDATE: Anthony Tse, Executive Director	30 Jun 2020
	REMUNERATION UPDATE: Florencia Heredia, Non-Executive Director	30 Jun 2020
	REMUNERATION UPDATE: Anthony Tse, Executive Director	30 Jun 2020
	REMUNERATION UPDATE: Martin Rowley, Non-Executive Chair	30 Jun 2020
	REMUNERATION UPDATE: John Turner, Non-Executive Director	30 Jun 2020
	REMUNERATION UPDATE: Peter Bacchus, Non-Executive Director	30 Jun 2020
	REMUNERATION UPDATE: Martin Rowley, Non-Executive Chair	30 Jun 2020
	REMUNERATION UPDATE: Peter Bacchus, Non-Executive Director	30 Jun 2020
	REMUNERATION UPDATE: John Turner, Non-Executive Director	30 Jun 2020

Related Information

Financials

Financials	2019	2018
Operating Revenue	$99.2m	$218.1m
Total Revenue	$99.2m	$540.6m
Profit or Loss	-$405.0m	$212.8m
Total Assets	$451.2m	$945.2m
Total Liabilities	$107.4m	$160.8m

Directors

Name	Position	Year Started	Remuneration	Remuneration Year
Simon Hay	Chief Executive	2019
Peter Bacchus	Non-Executive Director	2016	$175,121	2019
Alan Fitzpatrick	Non-Executive Director	2019	$129,621	2019
Florencia Heredia	Non-Executive Director	2018	$142,742	2019
Martin Rowley	Non-Executive Chair	2012	$346,273	2019
Anthony Tse	Executive Director Managing Director, Chief Executive (2010 to 2019)	2010	$832,007	2019
John Turner	Non-Executive Director	2016	$175,121	2019

Executives

Name	Position	Year Started	Remuneration	Remuneration Year
Simon Hay	Chief Executive	2019
Nick Rowley	Director, Corporate Development Director, Investor Relations (2014 to 2015)	2015	$601,283	2018
Alan Rule	Chief Financial Officer	2017
John Sanders	General Counsel, Company Secretary	2017
Albert Thamm	General Manager, Development Geology Corporate Geologist (2017 to 2018)	2018
Anthony Tse	Executive Director Managing Director, Chief Executive (2010 to 2019)	2010	$832,007	2019

Shareholders

2018

2017

2016

Substantial shareholders as published in the annual report.

Shareholder	Effective Date	Capital (%)	Shares
HSBC Custody Nominees (Australia) Limited	22/03/19	19.03	77,557,228
J.P. Morgan Nominees Australia Pty Limited	22/03/19	10.99	44,768,731
Citicorp Nominees Pty Limited	22/03/19	6.79	27,690,739
National Nominees Limited	22/03/19	5.71	23,281,613
HSBC Custody Nominees (Australia) Limited Gsco Eca	22/03/19	1.74	7,096,983
Mr Anthony Peter Tse	22/03/19	1.16	4,743,729
BNP Paribas Noms Pty Ltd <DRP>	22/03/19	1.14	4,665,621
Citos Super Pty Ltd <Citos Pty Ltd Sf A/C>	22/03/19	0.80	3,251,000
Citicorp Nominees Pty Limited <Colonial First State Inv A/C>	22/03/19	0.68	2,774,038
Puresteel Holdings Pty Ltd <Rattigan Super Fund A/C>	22/03/19	0.61	2,493,000
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient DRP>	22/03/19	0.51	2,083,491
Mr Phillip Richard Perry	22/03/19	0.50	2,041,746
Nero Resource Fund Pty Ltd <Nero Resource Fund A/C>	22/03/19	0.49	2,000,000
Merrill Lynch (Australia) Nominees Pty Limited	22/03/19	0.42	1,721,736
HSBC Custody Nominees (Australia) Limited A/C2	22/03/19	0.40	1,635,935
Jaeger Investments Pty Ltd <The Shellcove (NSW) A/C>	22/03/19	0.39	1,600,000
Rhb Securities Singapore Pte Ltd <Clients A/C>	22/03/19	0.38	1,555,900
Develco Superannuation P/L <Develco Super Fund A/C>	22/03/19	0.38	1,550,000
Botsis Holdings Pty Ltd	22/03/19	0.37	1,500,000
Rowley Super Investments Pty Ltd <Rowley Family Super A/C>	22/03/19	0.37	1,491,031

Directors Interests

Director	Date	Transaction type	Number of shares	Price per share	Transaction value	Nature of change
John Turner	15 Jun 2020	Other	500,000			OtherOptions expired
Peter Bacchus	15 Jun 2020	Other	275,000			OtherOptions expired
Martin Rowley	15 Jun 2020	Other	4,000,000			OtherOptions expired
Anthony Tse	15 Jun 2020	Other	4,000,000			OtherOptions expired
John Turner	26 Feb 2020	Bought	30,000	$0.98	$29,275	On-market trade

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Directors Shareholdings

Director	Direct shares	Indirect shares	Total shares	Total value
Anthony Tse	6,562,043		6,562,043	$5,052,773
Martin Rowley	1,058,603	3,510,743	4,569,346	$3,518,396
John Turner	0	115,000	115,000	$88,550
Peter Bacchus	50,182		50,182	$38,640

ECM Deals

Date	Company	Transaction Type	Total Value
08/02/17	Galaxy Resources	Placement	$61.0m	>>
05/12/16	Galaxy Resources	Block trade	$11.3m	>>
02/07/13	Galaxy Resources	Entitlement offer	$37.5m	>>
16/01/13	Galaxy Resources	Placement and call option	$20.0m	>>
16/01/13	Galaxy Resources	Placement	$15.0m	>>

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M&A Deals

Announced	Bidder	Target	Transaction Type	Total Value
29/05/18	Posco	Galaxy Resources	Asset acquisition	$371.0m	>>
30/05/16	Galaxy Resources	General Mining Corporation	Merger	$216.0m	>>
07/09/15	General Mining Corporation	Galaxy Resources	Earn-in agreement	$25.0m	>>
09/06/15	General Mining Corporation	Galaxy Resources	Asset acquisition	$25.0m	>>
30/04/14	Sichuan Tianqi Lithium Industries	Galaxy Resources	Asset acquisition	$129.0m	>>

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Past People

Name	Position	Year Started	Year Ended
Brian Talbot	General manager Mt Cattlin Spodumene Mine	2017	2019
Anthony Tse	Managing Director, Chief Executive	2010	2019
George Zhang	Non-Executive Director	2013	2019
Albert Thamm	Corporate Geologist	2017	2018
Mark Pensabene	Chief Operating Officer	2017	2018
Xi Xi	Non-Executive Director	2017	2017
Simon Robertson	Company Secretary	2014	2017
Rowen Colman	Chief Financial Officer	2014	2016
Michael Fotios	Non-Executive Director	2016	2016
Charles Whitfield	Executive Director, Investor Relations	2013	2016
Nick Rowley	Director, Investor Relations	2014	2015
Andrew Meloncelli	Company Secretary, Interim CFO since 2014	2009	2014
John Sobolewski	Chief Financial Officer	2009	2014
Kai Cheong Kwan	Non-Executive Director	2010	2014
Charles Whitfield	Executive Director	2010	2013
Terry Stark	Managing Director, Resources Division	2008	2013
Xiaojian Ren	Non-Executive Director	2010	2013
Anand Sheth	Sales & Marketing Director	2009	2013
Zheng Yuewen	Non-Executive Director	2010	2013
Shaoqing Wu	Non-Executive Director	2011	2013
Ella Wong	Company Secretary		2013
Craig Readhead	Non-Executive Chair	1999	2013
Michael Spratt	Director	2011	2013
Iggy Tan	Managing Director	2008	2013
Ivo Polovineo	Non-Executive Director	2010	2011
Duncan Coutts	General Manager, Development	2010	2011
Michael Tamlin	General Manager, China	2009	2010
Karen Brown	Joint Company Secretary	2007	2009
Lindsay Colless	Company Secretary		2009
Noel Ong	Consulting Exploration Manager	2008	2008
Michael Fotios	Managing Director	2006	2008
Robert Wanless	Non-Executive Director	1996

Public Companies - Resources

Question	Answer
Balance date	30 Dec 2019
Operating Revenue	$99.2m
Operating Revenue (previous year)	$218.1m
Total Revenue	$99.2m
Total Revenue (previous year)	$540.6m
Total Assets	$451.2m
Total Assets (previous year)	$945.2m
Total Liabilities	$107.4m
Total Liabilities (previous year)	$160.8m
Profit or Loss	-$405.0m
Profit or Loss (previous year)	$212.8m
Long Term Debt	$26.0m
Long Term Debt (previous year)	$0
Short Term Debt	$9.4m
Short Term Debt (previous year)	$0
ASX Code	GXY
Shares (million)	409
Home Exchange	PERTH
Industry	Production of Lithium Carbonate, Developer of projects in Argentina and Canada; and Exploration for minerals in Australia, Canada and Argentina.
Auditors	PricewaterhouseCoopers
Lawyers	Fasken Martineau DuMoulin LLP, Allende & Brea, Steinepreis Paganin

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Last updated 02 Jun 2020

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