- Argosy Minerals (AGY) is on schedule with its plant and equipment works for its Rincon Lithium Project in Argentina
- The company is currently developing a 2000 tonne per annum lithium carbonate production operation
- Argosy has been able to obtain items such as 150,000 watt generators, industrial pumps, chillers/coolers and motors from local manufacturers and suppliers
- The plant construction is expected to be completed in April 2022, with plant commissioning work and test-works to commence after
- Shares in Argosy Minerals are up 5.23 per cent to $0.34 as of 10:40 am AEDT
Argosy Minerals (AGY) is on schedule with its plant and equipment works for its Rincon Lithium Project in Salta Province, Argentina.
The company is currently developing a 2000 tonne per annum lithium carbonate production operation.
Argosy has been able to obtain items such as 150,000 watt generators, industrial pumps, chillers/coolers and motors from local manufacturers and suppliers.
Additional items such as process tanks, reactors and industrial boilers are currently being engineered and fabricated in Argentina and are being prepared for delivery as scheduled.
The plant construction is expected to be completed in April 2022, with plant commissioning work and test-works to commence after.
“The company’s Puna operations team is continuing their timely development progress, with plant and equipment procurement on schedule and budget for the 2,000 tonnes per annum lithium carbonate production operation at our Rincon Lithium Project,” Managing Director Jerko Zuvela said.
“We look forward to a significant near-term growth phase from the increasing development activity at Rincon as we get closer to completing construction works and transform Argosy into a battery quality lithium carbonate producer and cashflow generator, and then to further progress the 10,000tpa project development expansion.”
Shares in Argosy Minerals are up 5.23 per cent to $0.34 as of 10:40 am AEDT.