- Argosy Minerals (AGY) crosses the half way mark in construction of a lithium carbonate production operation at its Rincon project in Argentina
- With 55 per cent of the construction works complete, AGY is targeting first production of battery quality lithium carbonate product from mid-2022
- Over the coming months work will continue on development of the brine system as well as building on-site facilities
- Once construction works are complete, plant commissioning, production tests and ramp-up operations will follow
- Shares have been trading 1.6 per cent higher at 32 cents
Argosy Minerals (AGY) is over halfway through constructing a lithium carbonate production operation at its Rincon Lithium Project in Salta Province, Argentina.
The company has targeted first production of battery quality lithium carbonate product from the project from mid-2022.
The major works for the 2,000 tonnes per annum production operation are divided into three phases, comprising design, construction and commissioning.
With the design component complete, Argosy has since completed 55 per cent of the construction works which focuses on the process plant, camp and site development as well as expansion of the brine system.
Site works including accommodation, a laboratory, office, and other works is nearing completion while construction of the process plant is at 48 per cent complete.
Argosy said moving forward, work will focus on advancing the brine system and associated infrastructure and plant equipment delivery with “significant progress” expected over the coming months.
Once construction work is complete, plant commissioning, production test-works and ramp-up to 2,000 tonne per annum operations are scheduled to follow.
Commissioning includes the acquisition of raw materials and tender works, and the company has so far undertaken 13 per cent of this work.
Shares were trading 1.6 per cent higher at 32 cents.