Join our daily newsletter At The Bell to receive exclusive market insights
- Argosy Minerals (AGY) reports its Rincon Project lithium carbonate product test samples have returned 99.94 per cent purity results
- It was tested by a Korean battery cathode manufacturer, as the process is required for supplier qualification and potential stage two off-take arrangements
- Managing Director, Jerko Zuvela, said the customer analysis further confirms its high quality product, and its marketability into various international battery quality cathode customers
- Argosy has also provided test samples to Japanese potential off-take and or strategic investor groups
- Additionally, the company is in talks with investor groups for its priority 2000 tonnes per annum modular scale potential capex funding – investment requirement
- Following the news, Argosy is trading 5.36 per cent higher today, selling shares for 5.9 cents each
Argosy Minerals (AGY) has investors excited, after its Rincon Project lithium carbonate product test samples returned 99.94 per cent purity results.
They were tested by a Korean battery cathode manufacturer, a process which is required for supplier qualification and potential stage two off-take arrangements.
Argosy Minerals Managing Director, Jerko Zuvela, said the customer analysis further confirms its high quality product, and its marketability into various international battery quality cathode customers.
“We have now had our lithium carbonate product, produced from our industrial scale pilot plant utilising our exclusive clean and environmentally conscious chemical process technology, tested by Korean and Japanese cathode manufacturers achieve such exceptional quality,” Mr Zuvela said.
“This same process technology will be utilised in our planned 2,000tpa operation, adding further confidence to the viability of our commercial operation expansion.”
Argosy’s lithium product comes from its flagship Argentinian Rincon Project, in the so-called lithium triangle in South America, which hosts the worlds largest lithium resources.
The product sample testing regime is part of the product supplier qualification process with end-user customers and battery cathode manufacturers, which is in place to ensure integrity with these groups’ manufacturing process systems.
With the 99.94 per cent purity sample result, it could be only a matter of time before the company strikes a deal to start selling its product.
Following the news, Argosy is trading 5.36 per cent higher today, selling shares for 5.9 cents each at 2:04 pm AEST.
