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Argosy Minerals updates on off-take progress with Qingdao

Published: 08:53 19 Sep 2017 AEST

Argosy Minerals updates on off-take progress with Qingdao
The company is focused on the Rincon Lithium Project in Argentina

Argosy Minerals Ltd (ASX:AGY) has provided an update in relation to the binding placement and off-take agreements between the company and Qingdao Qianyun High-tech New Material Co. Ltd.

Argosy advises that Qianyun has requested an extension to the confirmatory due diligence period due to time being taken for receipt (and in some cases translation, etc) of certain documents by their lawyers.

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Taking into consideration the progress that has been made so far and Qianyun’s reaffirmed commitment to the company, Argosy has agreed to extend Qianyun’s limited confirmatory due diligence period up to 1 October 2017.

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