- Argosy Minerals (AGY) announces the potential connection of a solar energy plant to power expansion at the Rincon Lithium Project in Argentina
- Once installed, the Altiplano 200 solar power facility will generate 208 megawatts-peak (MWp) of power
- Construction of the plant is nearing completion with the facility to enter operations later this year
- The plant lies adjacent to Rincon and it will further enhance the project’s clean lithium technology with low energy use for a small carbon footprint
- Shares in Argosy are trading 2.94 per cent up at 17.5 cents at 10:31 am AEST
Argosy Minerals (AGY) has announced the potential connection of a solar energy plant to power expansion at the Rincon Lithium Project in Argentina.
The Rincon Project consists of around 2795 hectares of mining titles and mining easement landholdings in the Salar del Rincon in Salta Province, Argentina.
It lies in the world-class Lithium Triangle which is the world’s dominant source of lithium production.
Once installed, the Altiplano 200 solar power facility will generate 208 megawatts-peak (MWp) of power.
The plant is 100 per cent owned by Neoen, France’s leading independent producer of renewable energy.
Construction of the plant is nearing completion with the facility to enter operations later this year.
The plant lies immediately adjacent to Rincon and it will further enhance the project’s clean lithium technology with low energy use for a small carbon footprint.
Managing Director Jerko Zuvela commented on the solar plant and what it will mean for Argosy and the Rincon Project.
“Together with our successfully proven, proprietary and environmentally friendly clean lithium technology, and with the benefit of utilising solar energy, Argosy will be producing a high-quality, sustainable product with a low carbon footprint from our Rincon Lithium Project,” Mr Zuvela said.
“To have a renewable solar power facility immediately adjacent to our project will reap tremendous benefits, both economically and environmentally, and further distinguishes our operation as we progress toward the additional 10,000 tonnes per annum expansion as the next stage of development at Rincon.”
Shares in Argosy are trading 2.94 per cent up at 17.5 cents at 10:31 am AEST.