View settings100% · M+I+I · Resources excl. reserves · Native commodities

Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Candelas

Catamarca, Argentina · Producing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (mg/L Li)	Contained (Mt LCE)	As at
Measured	—	—	—	—
Indicated	—	683 mg/L Li	1.63 Mt LCE	29 Jan 2025
Inferred	—	—	—	—
Total Resources	—	683 mg/L Li	1.63 Mt LCE	29 Jan 2025
Proved	—	—	—	—
Probable	—	—	—	—
Total Reserves	—	—	—	—

Cut-off grade

500 mg/L Li

Price assumption

—

JORC code year

2012

Peer benchmark — producing Li projects (18 with resources)Resource size P19Resource grade P81View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Investor Presentation August 2026 · 29 Jan 2025
Reporting code: JORC 2012
Convention: exclusive
Currency assumption: A$

Current R&R

Resources

Category	Tonnes / Vol	Li		As at	Source	Provenance
Category	Tonnes / Vol	Grade (mg/L Li)	Contained (Mt LCE)	As at	Source	Provenance
Indicated	—	683 mg/L Li	1.63 Mt LCE	29 Jan 2025	13Unverified Evidence record Candelas Indicated · Li · as at 2025-01-29 Reported figure Area Whole project Basis 100% Ore tonnes (t) — Grade 683.0000 Contained (t LCE) 1634094.9950 Classification Resource Source trail Investor Presentation August 2026 13 Published 2026-08-05 Verification Approved; not independently verified · Model extracted QA WARN: tonnes equals the reported contained figure exactly — likely the contained value miscopied into the tonnes column (prose announcements printing contained-only figures; live class: BGD tranche 15). Verify the document prints a tonnage. QA BLOCK: recomputed contained 209.6810 t Li vs reported 307000 t Li (99.93% disagreement) Brine context: recompute/reported ratio 0.00 is OUTSIDE the expected 0.75–1.10 resource band — averaging/recovery physics does not explain this gap; verify the transcription of the printed Amount. \| QA fix+approve (t100v, q5.txt): tonnes_t=NULL. p.13 "MINERAL RESOURCE STATEMENT FOR CANDELAS1 ... Indicated 307 683 1,634 6,792 3,055 5,826" under "Category \| In situ Li (kt) \| Avg. Li (mg/l) \| LCE (kt) \| Avg. K (mg/l) \| In situ K (kt) \| KCl Equiv. (kt)". The table prints NO tonnage and NO brine-volume column, so tonnes_t has no source; the stored 307,000 is the "In situ Li (kt)" cell duplicated — exactly what the TONNES-EQ-CONTAINED warn suspected, now confirmed against the print. contained_metal and contained_metal_reported are CORRECT and stay: reported 307,000t = printed In situ Li 307kt (native elemental basis), contained 1,634,095t LCE = 307,000 x 5.322785 against the printed "LCE 1,634" kt (0.006% apart), and the deck's own note "The conversion for LCE = Li x 5.3228" confirms the factor. NOT the double-conversion class — the printed 307 is elemental Li, not LCE. BLOCK adjudicated: the 99.93% recompute gap and the 0.00 brine ratio are both artefacts of the bogus tonnage and clear once it is nulled. as_at 2025-01-29 = table note 1, "Galan's Mineral Resources grow to 9.5 Mt LCE", dated 29 January 2025. inclusive=false correct — note 6 of the reserve table: "Ore Reserves do not consider any Mineral Resources at Candelas North". \| t100v Copies a pre-filled issue record so you can send it through your normal channel.

notes (12)

Source: Investor Presentation August 2026 · published 05 Aug 2026

Ref: 13

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 500 mg/L Li — Cut-off grade assumption from the source statement.
excl — Stated Resources are EXCLUSIVE of Reserves — they sit on top of the reserve, so decks quoting inclusive resources will show a larger figure (inclusive = this row + the converted reserve).

QA notes:

QA WARN: tonnes equals the reported contained figure exactly — likely the contained value miscopied into the tonnes column (prose announcements printing contained-only figures; live class: BGD tranche 15). Verify the document prints a tonnage. QA BLOCK: recomputed contained 209.6810 t Li vs reported 307000 t Li (99.93% disagreement) Brine context: recompute/reported ratio 0.00 is OUTSIDE the expected 0.75–1.10 resource band — averaging/recovery physics does not explain this gap; verify the transcription of the printed Amount.
QA fix+approve (t100v, q5.txt): tonnes_t=NULL. p.13 "MINERAL RESOURCE STATEMENT FOR CANDELAS1 ... Indicated 307 683 1,634 6,792 3,055 5,826" under "Category
In situ Li (kt)
Avg. Li (mg/l)
LCE (kt)
Avg. K (mg/l)
In situ K (kt)
KCl Equiv. (kt)". The table prints NO tonnage and NO brine-volume column, so tonnes_t has no source; the stored 307,000 is the "In situ Li (kt)" cell duplicated — exactly what the TONNES-EQ-CONTAINED warn suspected, now confirmed against the print. contained_metal and contained_metal_reported are CORRECT and stay: reported 307,000t = printed In situ Li 307kt (native elemental basis), contained 1,634,095t LCE = 307,000 x 5.322785 against the printed "LCE 1,634" kt (0.006% apart), and the deck's own note "The conversion for LCE = Li x 5.3228" confirms the factor. NOT the double-conversion class — the printed 307 is elemental Li, not LCE. BLOCK adjudicated: the 99.93% recompute gap and the 0.00 brine ratio are both artefacts of the bogus tonnage and clear once it is nulled. as_at 2025-01-29 = table note 1, "Galan's Mineral Resources grow to 9.5 Mt LCE", dated 29 January 2025. inclusive=false correct — note 6 of the reserve table: "Ore Reserves do not consider any Mineral Resources at Candelas North".
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