Argosy Minerals (ASX: AGY)

Advised of further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 98% of the total works completed for the development of the 2,000 tpa lithium carbonate production operation, including current commissioning works at 90% completion, during which the Company has produced battery quality 99.76% lithium carbonate product, towards commencing lithium carbonate production operations. 

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Argosy Minerals	ASX: AGY
Stage	Construction, development
Metals	Lithium   (77.5% of the project)
Market cap	A$751   @ 53.5 c
Location	Salta, Argentina, Nevada, USA

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Argosy Minerals RINCON 2,000TPA Li2CO3 OPERATIONAL UPDATE

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Argosy Minerals Limited (ASX: AGY) (“Argosy” or “Company”) is pleased to advise further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 98% of the total works completed for the development of the 2,000 tpa lithium carbonate production operation, including current commissioning works at 90% completion, during which the Company has produced battery quality 99.76% lithium carbonate product, towards commencing lithium carbonate production operations.

The current commissioning and production test-works phase is scheduled to be completed over coming weeks, leading to then commencing the production ramp-up phase during the current quarter.

The Company is targeting to complete the ramp-up phase and achieve steady-state production operations by end of Q2-CY2023.

HIGHLIGHTS

98% of 2,000 tpa operational development works complete – with current plant
commissioning works 90% complete and produced 1 tonne of battery quality lithium
carbonate Battery quality 99.76% lithium carbonate product successfully produced during current commissioning and production test-works.

Ramp-up phase of continuous lithium carbonate production operations scheduled during current quarter and advancing toward steady-state production operations by
end of Q2-CY2023

Argosy on-track to become only the 2nd ASX-listed battery quality lithium carbonate
producer Lithium carbonate prices recently trading at US$75,000/t (CIF North Asia, S&P Platts)

 

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

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Disclosure

At the time of writing the author holds shares in Argosy Minerals, bought in the market at the prevailing price on the days pf purchase.

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