The Galaxy Resources Ltd (ASX: GXY) share price is one to watch in early trade after an update on its Sal de Vida lithium project in Argentina.
Why is the Galaxy Resources share price on watch?
Galaxy Resources today reported an increase in resources and reserves at the Sal de Vida site in Catamarca, Argentina. That comes on the back of assessing hydrogeological data from the drilling of two production wells at the site.
The revised Brine Resources has increased 27% from prior estimates to 6.2 million tonnes of lithium carbonate equivalent (LCE). Galaxy also…