Galaxy Resources Limited reported an operational update and revised Mineral Resource Estimate and Ore Reserve for its Mt Cattlin (Mt Cattlin) operation in Western Australia. Mt Cattlin continues to operate at full rate with 40,261 dmt produced in second quarter, to the end of May 2021. Spodumene product grade was 5.77% Li2O in line with customer requirements. In light of the sustained high production rate, full year guidance is increased to 195,000 dmt to 210,000 dmt from the previous range of 185,000 dmt to 200,000 dmt. The company continues to experience strong demand for its spodumene concentrate. A 15kt shipment has been secured for June in addition to the 33.5 kt shipment which sailed in May 2021. The first third quarter scheduled shipment is currently being finalized with pricing expected to be in excess of USD 750/mt CIF for 6.00% Li2O. 2021 expected sales volumes continue to be in line with production. 2NW resource development drilling A total of 5,912m of Reverse Circulation (RC) resource drilling and 274m of HQ resource diamond drilling has been completed over the 2NW deposit since the 2018 Mineral Resource Estimate. Diamond core drilling encountered very coarse spodumene mineralization with no deleterious lepidolite mineralization observed. Highlights from the recent drilling campaign include: NWRC100 - 7.00m at 2.03% Li2O from 111m to 118m; NWRC105 - 16.00m at 1.6% Li2O from 95m to 111m; NWRC108 - 17.00m at 1.55% Li2O from 118m to 135m; NWRC094 - 14.00m at 1.31% Li2O from 87m to 101m. Additionally, six geotechnical drill holes, for a combined total of 700m of HQ diamond core were completed. The geotechnical pit optimization study remains ongoing. Two metallurgical drill holes were drilled and test-work results confirm that spodumene from the 2NW deposit can also be processed using the same density magnetic separation techniques employed for current operations. Each drill metre was geologically logged by a qualified geologist in the field and RC samples were collected for every metre drilled via a cone splitter. Pegmatite samples, including 3m of hangingwall and footwall waste material was submitted to an independent laboratory in Perth for analysis.