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Argosy Minerals Limited (ASX:AGY)

ALERT: Price-sensitive ASX Announcement for AGY
Current share price for AGY : $0.052 -0.01 (-16.13%)+
Announcement
Release
29 May 2026 8:20AM
Price at Release
$0.062
Full Release
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Summary
Argosy Minerals Limited announced successful results from their pilot plant test works for the 12ktpa Rincon Lithium Project in Argentina, achieving a lithium chloride purity of 99% and a maximum lithium yield of 94.4%. These results confirm the technical feasibility of the process technology and its potential for industrial scaling. The test works are crucial for the company's progress towards completing a Definitive Feasibility Study (DFS) and establishing a robust industrial design base. Argosy plans a two-stage product development pathway aiming to produce solid/crystallised lithium chloride at the Rincon site and subsequently convert it into battery-quality lithium carbonate or lithium hydroxide.
Key Points
  • Pilot plant test works achieved 99% lithium chloride purity.
  • Maximum lithium yield of 94.4% confirmed.
  • Technical feasibility and potential for industrial scaling verified.
  • Progress towards completing a Definitive Feasibility Study (DFS).
  • Two-stage product development for lithium chloride and conversion to battery-grade products.
  • Rincon Project located in the Lithium Triangle in Argentina.
  • Argosy holds a 77.5% interest in the Rincon Lithium Project.
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.