Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

AGY by the numbers
More From The Market Herald
Peak Minerals (ASX:PUA) - Principal Geologist, Barbara Duggan

" Peak Minerals (ASX:PUA) eyes $4.9m placement for WA exploration

Peak Minerals (PUA) has received firm commitments to raise up to $4.9 million through a share placement to institutional and professional investors.

" Ramelius Resources (ASX:RMS) increases quarterly gold production

Ramelius Resources (RMS) produced 65,686 ounces of gold over the September quarter at an all-in sustaining cost (AISC) of $1445 per ounce.

" BCI Minerals (ASX:BCI) makes final investment decision for Mardie Project

BCI Minerals (BCI) has made a final investment decision (FID) regarding the development of the Mardie Salt and Potash Project on Australia’s Pilbara
Blackstone Minerals (ASX:BSX) - Managing Director, Scott Williamson

" Blackstone (ASX:BSX) teams up with Circulor for nickel tracing technology

Blackstone (BSX) has teamed up with Circulor to create product nickel traceability from mining through to the electric vehicle (EV) market.