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Argosy Minerals Limited (ASX:AGY)

ALERT: Price-sensitive ASX Announcement for AGY
Current share price for AGY : $0.036 -0.031 (-46.27%)+
Announcement
Release
6 Mar 2026 3:19PM
Price at Release
$0.067
Full Release
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Summary
Argosy Minerals Limited has provided an update on its 12,000 tonnes per annum Rincon Lithium Project in Salta Province, Argentina. The project has made significant progress in engineering and feasibility works, with successful test results achieving 96% lithium recovery and producing high purity lithium chloride concentrate. The Company has engaged Lycopodium to advance the Rincon 40MW energy infrastructure works, which will provide a stable power supply from the Argentina National Grid. The project is being developed in two stages: the production of solid lithium chloride and its conversion into battery quality lithium carbonate or hydroxide. The energy infrastructure and process design advancements are aimed at de-risking the project and preparing it for a final investment decision. The Company expects these developments to accelerate revenue generation and align the project with the growing demand in the energy storage sector.
Key Points
  • 96% lithium recovery achieved in test works.
  • High purity lithium chloride concentrate produced.
  • Lycopodium engaged for 40MW energy infrastructure works.
  • Project is in Salta Province, Argentina.
  • Two-stage product development pathway for lithium production.
  • Advancements aimed at de-risking the project.
  • Focus on sustainable lithium production aligned with energy storage sector growth.
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.