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Argosy Minerals Limited (ASX:AGY)

ALERT: Price-sensitive ASX Announcement for AGY
Current share price for AGY : $0.042 -0.083 (-66.40%)+
Announcement
Release
12 Jan 2026 8:24AM
Price at Release
$0.125
Full Release
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Summary
Argosy Minerals Limited has made significant progress on its 40MW energy infrastructure project for the Rincon Lithium Project in Salta Province, Argentina. The Salta Electricity Distribution Company S.A. (EDESA) has completed detailed engineering and feasibility works, confirming the capacity of the Medium Voltage Line (MVL) Project to reliably deliver a 33kV power connection from the Argentina National Power Grid to the Rincon site. This ~8.6km transmission line will connect via a local sub-station adjacent to the 208MW Altiplano Solar Facility. The completion of this energy infrastructure is expected to support the planned 12,000tpa lithium production and future expansion. Argosy is also engaging with local renewable energy providers to establish Power Purchase Agreements, aiming to ensure sustainable and cost-efficient energy supply. This development represents a critical milestone, improving the project's operational reliability, economic viability, and environmental performance, positioning it as a key player in Argentina's renewable energy transition.
Key Points
  • EDESA completed detailed engineering works for a 33kV power connection to the Rincon Project.
  • A ~8.6km transmission line will connect to the National Power Grid via a local sub-station.
  • The infrastructure supports the planned 12,000tpa lithium production and future expansion.
  • Argosy aims to establish Power Purchase Agreements with local renewable energy providers.
  • The project enhances operational reliability, economic viability, and environmental performance.
  • The infrastructure aligns with Argentina's renewable energy transition strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.