Galan Lithium (ASX:GLN)’s shares experienced a downturn of as much as 4.6% to A$0.620, marking their lowest level since May 2021.

The Australian lithium explorer saw its worst intraday percentage drop since September 18.

Galan Lithium reported that recent drilling at its Greenbushes South project has yet to discover any lithium mineralisation.

The company is also developing additional targets for its forthcoming drilling campaign.

As of the last close, the company’s stock has declined 39.2% year-to-date.

Galan Lithium is a lithium exploration company based in Australia.