Join our daily newsletter At The Bell to receive exclusive market insights
- Argosy Minerals (AGY) continues to progress its clean lithium processing technology at its Rincon Lithium Project in Argentina
- The company has developed a chemical process technology to create battery quality lithium carbonate that also limits its environmental footprint
- The technology has low energy use and low raw water consumption, which will help make the project a low emissions operation
- Argosy is trading down 4 per cent at 13 cents per share at 10:48 am AEST
Argosy Minerals (AGY) has continued to progress its clean lithium processing technology at its Rincon Lithium Project, located in the Salta Province, Argentina.
The company has developed a chemical process technology to create battery quality lithium carbonate that also limits its environmental footprint.
Argosy’s technology has low energy use estimated at one megawatt for 2000 tonnes per annum operation, as well as low raw water consumption at an estimated six to eight cubic metres per hour for 2000 tonnes per annum.
Raw water usage requirements are significantly reduced via recycling, according to the company. The water usage method will ensure there is no impact on people, animals or natural vegetation and all raw water will be sourced from natural flows beneath the salar, which will otherwise evaporate naturally if not used.
Energy for the operation will be provided by the nearby gas pipeline.
Therefore the Rincon project will be a low emissions operation with a small carbon footprint and the low energy use equates to a smaller carbon footprint than many in the industry.
Managing Director Jerko Zuvela is pleased with the progress of its processing technology.
“We have a successfully proven, proprietary and environmentally friendly clean lithium technology to produce battery quality lithium carbonate with low impurities,” he said. “It meets ESG requirements with a low carbon footprint of low fresh water and energy usage, sustainably producing at a scale no other junior lithium company is currently able to achieve, and currently in the construction phase for the 2,000tpa operation, with development plans for an additional 10,000tpa production expansion.”
Argosy was trading down 4 per cent at 13 cents per share at 10:48 am AEST.
