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Argosy Minerals gets ready to begin lithium processing at Rincon early next month

Published: 00:37 19 Jun 2019 EDT

Industrial scale pilot plant operational works
Industrial scale pilot plant operational works

Argosy Minerals Ltd (ASX:AGY) has made further progress towards commercial development of its Rincon Lithium Project in Salta Province, Argentina.

The company will commence continuous industrial scale pilot plant lithium processing operations from early-July which will produce 99.5% lithium carbonate product for the recently executed Mitsubishi RtM sales agreement.

READ: Argosy Minerals surges 65% after sealing offtake deal with Mitsubishi Corporation

Argosy will commence pilot plant trial-run operations next week to ensure the smooth transition to regular pilot plant production operations thereafter.

Argosy managing director Jerko Zuvela said: “We are delighted to be the only new lithium brine developer to have constructed an industrial scale pilot plant with successful proof of chemical process to produce 99.5% battery grade lithium carbonate and set for production operations shortly.

“We will continue to further de-risk the development of the Project with the commencement of continuous operations and further prove our lithium processing capabilities in delivering LCE product to Mitsubishi RtM.

READ: Argosy Minerals preliminary agreement is for 12-month supply of 100 tonnes of lithium carbonate

“This milestone puts Argosy in a strong position to reinforce key strategic relationships to assist with funding for the next stage commercial scale development of the Rincon Lithium Project.”

The commencement of continuous industrial scale pilot plant operations will further demonstrate that Argosy is genuinely delivering on its fast-track lithium development strategy.

It also reinforces the strong position the company is in to establish its credentials well before many other lithium companies, given the stage of development achieved by Argosy at the Rincon Project.

The company will in parallel continue progressing towards the 2,000 tonnes per annum modular operation as the next step to scale-up the development of the project.

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