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Argosy Minerals (ASX: $AGY) progresses 10,000tpa operation expansion

Argosy Minerals' Rincon Lithium Project EIA Process Update


Argosy Minerals Limited (ASX: $AGY) has achieved a vital milestone in finalizing the 10,000tpa Environmental Impact Assessment process at its Rincon Lithium Project. The Public Hearing conducted by the Salta Province Secretary of Mining and Energy confirmed no impediment to formal regulatory approval, expected to be executed shortly.

Executive Commentary on Rincon Lithium Project's EIA Process Update


This is a significant step to finalize the 10,000tpa EIA process at our Rincon Lithium Project. The Company has conducted extensive works on this EIA process to prove the long-term sustainability of our project, including extensive local community/stakeholder engagement and comprehensive hydrogeological analysis. In addition, the Company is making positive progress to achieve continuous production operations at our 2,000tpa lithium carbonate facility, whilst the production forecast upgrade work is currently being completed confirming the future substantial scale development potential of our Rincon Project.

Summary of Argosy Minerals' Rincon Lithium Project EIA Process Update


Argosy Minerals Limited (ASX: $AGY) has successfully completed a vital milestone in finalizing the 10,000tpa Environmental Impact Assessment process at its Rincon Lithium Project. The Public Hearing confirmed no impediment to formal regulatory approval, expected to be executed shortly by the Salta Secretary of Mining and Energy. The Company's Managing Director, Jerko Zuvela, emphasized the significance of this step and highlighted the extensive work done to prove the project's long-term sustainability. The Company is also progressing towards achieving continuous production operations at its 2,000tpa lithium carbonate facility and is optimistic about the substantial scale development potential of the Rincon Project.

ARGOSY MINERALS LIMITED
AGY | ASX | Materials
0.090.003(+3.45%)
At close 05/07 (AEDT)
Market cap
$126.7M
Volume
1,901,609
DY Yield
0
PE Ratio
0
52 Week Range
0.07 - 0.425
1YR Return
700%

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