- Argosy Minerals (AGY) procures key equipment for the Rincon Lithium Project in Argentina
- Development of the 2000-tonne-per-annum lithium-carbonate processing plant are progressing on schedule, with early-lead items now secured
- Longer-term items are being manufactured locally, while others will arrive from Germany and Asia
- Site works are slated to increase over the coming months as AGY works towards completing construction in the first quarter of the current financial year
- Argosy Minerals shares closed at 14 cents on August 3
Argosy Minerals (AGY) has procured key equipment at the Rincon Lithium Project in Argentina’s Salta Province.
Development of the site’s 2000-tonne-per-annum (tpa) lithium-carbonate processing plant are reportedly progressing on schedule, with early-lead items, including electric power generators, piping for brine pumping, and a site tank, now secured.
Meanwhile, longer-lead items such as boilers, coolers, process tanks and reactors are being engineered locally in Argentina and are on track for delivery as planned.
Elsewhere, an evaporator and other items are being manufactured in Germany, while filters are being sourced from Asia. The internationally sourced items will join Rincon’s mill, which was built in, and delivered from, the United States.
Argosy Minerals Managing Director Jerko Zuvela said the company’s Puna operations team was making major progress, with plant and equipment procurement on schedule.
“We are excited as we continue works to transform Argosy into a battery-quality lithium carbonate producer and cashflow generator, and then to further progress the 10,000tpa project development expansion,” he said.
“We look forward to a significant near-term growth phase from the increasing development activity at our Rincon Lithium Project.”
Site works are expected to increase considerably in the coming months, with the construction phase scheduled for completion during the first quarter of the current financial year.
Plant commissioning, test works and ramp-up are set to follow immediately after.
Argosy Minerals shares closed at 14 cents on August 3, 2021.