- Argosy Minerals (AGY) begins groundwater drilling at the Rincon Lithium Project in Argentina’s Salta Province
- The company is aiming to source an industrial ground water supply to begin producing 2000 tonnes of lithium-carbonate per annum
- AGY plans to recycle around 90 per cent of local brine fed through the process plant, which will be returned to the natural salt lake in a balanced state
- The company says its low fresh water requirements will contribute to a sustainable and environmentally friendly operation
- Argosy shares are down 6.45 per cent to trade at 14.5 cents
Argosy Minerals (AGY) has begun groundwater drilling at the Rincon Lithium Project in Argentina’s Salta Province.
The works are aiming to source an industrial groundwater supply to commence production of 2000 tonnes of lithium-carbonate per annum.
According to AGY, the facility’s water usage requirements will be significantly reduced by recycling around 90 per cent of brine fed through the process plant.
Sourced from natural flows beneath the salar — which would otherwise evaporate naturally if not utilised — this brine is intended to be returned to the natural salt lake in a balanced, neutral state.
In this way, Argosy said its method of water usage would have nominal impact on people, animals and natural vegetation in the area.
Commenting on the work, Argosy Minerals Managing Director Jerko Zuvela said the Puna operations team continued to make strong progress towards production start-up.
“Together with our successfully proven, proprietary and environmentally friendly, clean lithium technology and our low fresh water requirements, we’ll be producing a high-quality, sustainable product with a low carbon footprint from our Rincon Lithium Project,” he said.
Argosy shares were down 6.45 per cent to trade at 14.5 cents at 10:36 am AEST.