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INDUSTRY: Simon Hicks wants the state to start processing and advanced manufacturing lithium products in WA. Photo: Attila Csaszar

Resource no guarantee of lithium value-add

WA is one of the world’s largest producers of lithium, but a plan to diversify from mining into advanced manufacturing opportunities will be tricky to shore up.

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Hi Saskia Pickles, I noticed Galaxy Resources didn't pop up on your little search engine provided by BNiQ listing WA lithium miners. I noticed under GMM it indicates that Mt Cattlin was taken over by GMM. That's misleading as GXY and GMM are in partnership as such both companies should show in your chart from BNiQ Can you please update your records and reflect the new accurate information in your news story?

Thank you for pointing out the error. This has now been fixed in the table that appears online to reflect that Mt Cattlin mine's ownership is split between Galaxy Resources and General Mining. To include Galaxy's info I've also made their BNiQ and share data info appear on the side of the article.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
159thGalaxy Resources83%51%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

21/12/17
$140k Bought
21/12/17
$626k Other
18/07/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Galaxy Resources$128.1m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Galaxy Resources

49thAnthony Tse$1.072m
116thMartin Rowley$686k
988thGeorge Zhang$84k
Ranked by total remuneration from all listed WA companies

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