Argosy Minerals' Progress Update at Rincon Lithium Project

Argosy Minerals Limited (ASX: $AGY) has achieved continuous operations at the 2,000tpa lithium carbonate facility at its Rincon Lithium Project. The company has made significant progress in operational works, including critical path improvements, resulting in sustained plant operations from 27 April 2024. Over a 17-day period, the plant produced approximately 9.7t of battery quality lithium carbonate product, with a focus on further reducing the re-pulping cycle time to enhance lithium recovery and increase production rates.

Executive Commentary on Progress and Future Plans

Argosy Managing Director, Jerko Zuvela, expressed the company's achievement of a key milestone with the 2,000tpa lithium carbonate plant and its anticipation of increasing production operations. He acknowledged the valuable experience gained through overcoming challenges, emphasizing the company's progress in fully developing the Rincon Lithium Project.

Summary of Progress and Future Outlook

Argosy Minerals Limited has successfully achieved continuous operations at the 2,000tpa lithium carbonate facility at the Rincon Lithium Project. The company's focus on reducing the re-pulping cycle time and improving process efficiency demonstrates its commitment to enhancing lithium recovery and increasing effective production rates. Additionally, the advancement of potential product sales arrangements and positive product quality test results indicate promising developments. Looking ahead, Argosy Minerals remains dedicated to its fast-track development strategy and sustainable lithium production, positioning itself as a significant player in the forecast growth of the lithium-ion battery sector.