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Argosy Minerals Limited (ASX:AGY)
ALERT: Price-sensitive ASX Announcement for AGY
Current share price for AGY : $0.046 -0.017 (-26.98%)+
Announcement
Release
5 Mar 2026 8:21AM
Price at Release
$0.063
Full Release
Summary
Argosy Minerals Limited provided an update on their 12ktpa Rincon Lithium Project in Salta Province, Argentina. The company achieved a 96% lithium recovery rate and successfully produced high purity lithium chloride concentrate. Advancing their two-stage product development strategy, Argosy plans to produce solid lithium chloride on-site and convert it into battery quality lithium carbonate or hydroxide. Feasibility works are progressing with pilot plant operations in Argentina. Additionally, a 40MW energy infrastructure project is set to connect the site to the national grid, enhancing project flexibility and reducing risks. Lycopodium has been engaged for the energy infrastructure works.
Key Points
- Successful lithium recovery of 96% achieved through process technology test works.
- High purity lithium chloride concentrate produced.
- Lycopodium engaged for 40MW energy infrastructure works for Rincon site.
- Two-stage product development strategy pursued: Stage 1a for solid lithium chloride, Stage 1b for battery quality lithium carbonate/hydroxide.
- Feasibility works are advancing to continuous pilot plant operations in Argentina.
- 40MW energy infrastructure will connect Rincon site to Argentina National Grid.
- Argosy's strategy aims to enhance flexibility, reduce capital intensity, and de-risk project execution.
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.
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