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Argosy Minerals (ASX:AGY) - Managing Director, Jerko Zuvela - The Market Herald
  • Argosy Minerals (AGY) has delivered a 500kg high-purity lithium carbonate product sample to a Japanese battery cathode customer
  • This delivery comes after the Japan-based customer was impressed by a smaller sample it received in June which achieved a 99.88 per cent purity
  • The lithium carbonate is being sourced from Argosy's Rincon Lithium Project in Salta Province, Argentina
  • Importantly, the project lies within the world-renowned "Lithium Triangle"
  • If the larger product sample is successful with the customer, it will purchase a container delivery of high-purity lithium carbonate from Argosy's industrial-scale pilot plant
  • Company shares are up 8.16 per cent this morning and trading for 5.3 cents

Argosy Minerals (AGY) has delivered a 500kg high-purity lithium carbonate product sample to a Japanese battery cathode customer.

The product sample was requested by the potential new end-user customer after the customer tested small samples back in June when they achieved a purity of up to 99.88 per cent lithium carbonate.

If this larger 500kg product sample is successful with the customer, it will purchase a container delivery of high-purity lithium carbonate from Argosy's industrial-scale pilot plant operations.

"This is another significant milestone towards the development of our Rincon Lithium Project and securing strategic relationships with potential battery cathode customers for our future 2000tpa off-take arrangements," Argosy Managing Director Jerko Zuvela said.

Argosy's Rincon Lithium Project is located in Salta Province, Argentina. Importantly, the project is nested within the world-renowned "Lithium Triangle" which hosts the world's largest lithium resources.

The company is also gaining interest from Europe for its advanced project development and environmentally-clean and conventional chemical process technology.

According to Argosy, it has a one up on other junior and pre-development lithium companies who are still at the lab stage or considering unproven direct lithium extraction techniques.

Argosy will continue to progress its funding solution for the capital requirements needed for the 2000 tonnes per annum operation. A number of funding proposals are being reviewed and advancing with better options.

Company shares are up 8.16 per cent this morning and trading for 5.3 cents.


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