Total
0
Shares
Argosy Minerals (ASX:AGY) Rincon lithium carbonate testing reveals 99.88pc purity
  • Argosy Minerals (AGY) has reported that the five lithium carbonate test samples sent to Mitsubishi Corporation in Japan are up to 99.88 per cent lithium carbonate
  • Mitsubishi sent the samples to a potential Japanese end-user customer, who tested the product
  • These products are currently the highest purity recorded to date for Argosy
  • The lithium carbonate was tested as part of a product supplier qualification process with end-user customers and battery cathode manufactures
  • Argosy has also sent the product to other Japanese and Korean potential off-take and strategic investor groups for their own testing
  • This morning, Argosy shares are up 4.48 per cent and worth seven cents each

Argosy Minerals (AGY) has reported that the five lithium carbonate test samples sent to Mitsubishi Corporation in Japan are up to 99.88 per cent lithium carbonate.

Mitsubishi sent the samples to a Japanese end-user customer, who tested the product. The results came back as the highest purity recorded to date for Argosy.

The company said these results were achieved by using its environmentally clean chemical process technology, which was developed for its Rincon Lithium Project in Argentina.

"This is another significant milestone for the company and our first-class Puna operations team utilising our exclusive clean and environmentally conscious chemical process technology, as we continue toward the full development of our Rincon Lithium Project," Argosy Managing Director Jerko Zuvela said.

The products were tested as part of a product supplier qualification process with end-user customers and battery cathode manufactures.

"This marks a strong intent that the company’s lithium carbonate product quality and specification should enable progress through the rigorous supplier qualification process of several battery cathode manufacturers, and further advances the company’s options for potential Stage 2 off-take arrangements," the company explained.

Argosy has also provided the product to other Japanese and Korean potential off-take or strategic investor groups for their own testing.

This testing process is separate from the recent shipping of five tonnes of high-quality lithium carbonate to Mitsubishi last month.

Argosy shares are trading 4.48 per cent higher this morning, currently worth seven cents each.


Subscribe


AGY by the numbers
More From The Market Herald
Twenty Seven Co (ASX:TSC) accepted into JMEI scheme for second year

" Twenty Seven Co (ASX:TSC) accepted into JMEI scheme for second year

Exploration company Twenty Seven Co (TSC) has again been accepted into the Australian Government’s junior minerals exploration incentive (JMEI) scheme.
Parkway Minerals’ (ASX:PWN) December quarterly report sets 2020 in motion

" Parkway Minerals’ (ASX:PWN) quarterly shows there’s $2M in the bank

Parkway Minerals (PWN) has released its quarterly activities report, showing it has $2 million cash in hand.
SECOS (ASX:SES) changes offices, saves $140K

" SECOS (ASX:SES) changes offices, saves $140K

Sustainable and eco-friendly bioplastics developer SECOS Group (SES) will relocate its head office and has established a new technical centre.
AustSino Resources Group (ASX:ANS) replaces WAPRC with Midwest

" AustSino Resources Group (ASX:ANS) replaces WAPRC with Midwest

Mineral exploration company AustSino Resources Group (ANS) has entered into a binding subscription agreement with Midwest Resource Finance Group