Argosy Minerals conducts dynamic modelling for Rincon lithium project

Argosy Minerals Limited (ASX: $AGY) has conducted independent dynamic modelling works for its Rincon Lithium Project, located in Salta Province, Argentina. The dynamic modelling results indicate the potential for sustained lithium carbonate production, with scenarios allowing for pumping brine for up to 42 years to produce 12,000tpa of lithium carbonate or up to 22 years to produce 24,000tpa.

Argosy Managing Director's Perspective on Dynamic Modelling Results

Argosy Managing Director, Jerko Zuvela, expressed delight with the updated dynamic modelling results, highlighting the achievement as a significant milestone and providing stronger support for the substantial scale and development potential of the Rincon Lithium Project. He emphasized that the results further validate Argosy's ambitions and near-term growth phase to fully develop the project.

Summary of Dynamic Modelling Works and Outlook

The dynamic modelling works for the Rincon Lithium Project have indicated the potential for sustained lithium carbonate production, with scenarios allowing for pumping brine for up to 42 years to produce 12,000tpa of lithium carbonate or up to 22 years to produce 24,000tpa. The company's ambitions and near-term growth phase to fully develop the Rincon Lithium Project are further validated by these results. The simulations are underpinned by reasonable assumptions, and the company remains committed to building a sustainable lithium production company, highly leveraged to the forecast growth in the lithium-ion battery sector.