After recently producing its first batch of lithium carbonate at Rincon, Argosy is progressing its stage I milestone of producing battery-grade lithium carbonate equivalent (LCE).
Progressing to the stage I milestone will also comprise processing works to produce a consistent quality product to meet potential customer requirements of battery grade LCE product specs.
Argosy will also prepare customer samples for their own quality confirmation and testing, and then for subsequent initial commercial sales.
JORC resource estimation work nearing completion
Argosy is nearing completion of the resource estimation works for the Rincon Lithium Project and is progressing on preparing the preliminary economic assessment.
Located in the lithium triangle
Argosy has a 77.5% interest in the Rincon Lithium Project in Salta Province of Argentina which is within the world-renowned Lithium Triangle.
The Lithium Triangle area is the world’s dominant source of lithium production.
About 49% of global lithium production comes from the Lithium Triangle which holds about 70% of world’s lithium reserves.