Galaxy Resources Limited (ASX: GXY) has paid a further royalty of $0.5 million to Red 5 Limited for production from the Mt Cattlin mine in WA for the March 2017 and December 2016 quarters. Red 5 Limited (ASX: RED) owns the right to receive a royalty of $1.50 per ton of ore processed from the Mt Cattlin mine in Western Australia which is owned and operated by Galaxy Resources Limited (ASX: GXY). Red 5 previously received an amount of $1.7 million from Galaxy Resources for the period of May 2011 to January 2013 before the Mt Cattlin operation was placed on care and maintenance. The Mt Cattlin mine re-commenced processing operations in 2016 and Red 5 has now received a payment of $0.5 million, for production royalty entitlements for the March 2017 and December 2016 Quarters. Recently, Galaxy Resources has stated that it will ramp-up production at Mt Cattlin to a throughput rate of 1.6Mtpa of spodumene (lithium concentrate) and tantalum, based on a total reported resource of 16 million tons of spodumene and tantalum.   


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