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Galaxy Resources Limited
Industry Group: Mining / Metals - Specialty - Mining & Metals - Specialty

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Business Summary
Galaxy Resources Limited (Galaxy) is an Australia-based company. During the year ended December 31, 2010, the Company, along with its subsidiaries, is engaged in the development of the Mt Cattlin Spodumene Mine, development of the Jiangsu Lithium Carbonate Plant, and the exploration for minerals. During 2010, the Company started production of lithium-bearing spodumene concentrate from its Mt Cattlin project near Ravensthorpe, Western Australia. In 2010, the Company launched two brands of high grade lithium carbonate, which include EV Grade (99.9% lithium carbonate) and EV Plus Grade (99.99% lithium carbonate). In February 10, 2010, the Company established a subsidiary in the People’s Republic of China (PRC), Galaxy Lithium (Jiangsu) Co., Limited, which is engaged in the operations of Jiangsu lithium carbonate plant.

Financial Summary
BRIEF: For the fiscal year ended 31 December 2010, Galaxy Resources Limited's revenues totaled A$0K, down from A$1.1M. Net loss totaled A$29.6M, up from A$12.3M. Revenue reflects the absence of income from operations. Higher loss reflects a rise in administration expenses, increased share based payment, a rise in other operating expenses, an increase in finance costs, a rise in travel expenses and higher loss from operating activity.

Business Address
Lindsay Colless
Secy.
24 Mumford Place
Perth, WAS 6000
Phone: 61-08-62411888
Fax: 61-08-62411811
http://www.galaxylithium.com/

ASX Share Price Information
Current Price 0.870
Current Price Date 22/02/2012
52 Week Hi/Low 1.49 - 0.56
Avg Volume Last ten Days 0.38
ASX Company Sizing
Market Cap 281.29
Revenues 384.50
EBITDA -29.52
Net Income -29.58
Number of Employees -
Enterprise Value 384.50
Research Analyst Forecast
Consensus Recommendation -
Target Price -
LT Growth Rate -
Projected P/E -
Sales -
EPS -
Profit -
DPS -
Share Ratios
EPS -0.16617
RPS 0.00000
BV per Share 0.47522
Cash per Share 0.14298
Cashflow per Share -0.16543
Cashflow per Share 0.00000
Financial Ratios
Gross Margin -
ROE -34.42806
Price/Sales -
P/E -
P/Book 1.83073