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Argosy Minerals’ shares ride higher as lithium brine pumping progresses

The Lithium Triangle in Salta Province hosts the world’s largest lithium resources.
brine ponds
Aims to produce battery grade lithium carbonate

Argosy Minerals Ltd’s (ASX:AGY) shares closed circa 17% higher on Monday as it continues to progress stage II lithium brine pumping and concentration at its Rincon Lithium Project in Argentina.

READ: Argosy Minerals begins stage II lithium brine concentration

Rincon is in the Lithium Triangle in Salta Province, which hosts the world’s largest lithium resources.

Argosy now has circa 11 hectares of evaporation ponds, including circa 10 hectares from stage II.

Lithium concentrate processing test work will be carried out at the plant during the first quarter of 2018 resulting in the production of battery grade lithium carbonate.

READ: Argosy Minerals continues to accomplish lithium project development milestones

Argosy is also undertaking resource exploration diamond drilling with six diamond drill holes already completed, each to a depth of 102.5 metres.

The third production well and the final diamond drill holes are scheduled for January 2018.

Argosy has held key meetings with several significant companies in the Chinese lithium battery sector to discuss its development strategy for the Rincon Lithium Project.

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Argosy Minerals Ltd Timeline

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