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2 stories mentioning ASX:AGYUpdated 25d ago

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Asia

Argosy Minerals Achieves 99% Lithium Chloride Purity in Test Work at Argentina Project

Argosy Minerals (ASX:AGY) said test work at its 12,000 tonnes per annum Rincon lithium project in Argentina achieved a lithium chloride purity of 99% and maximum lithium yield of more than 94%, according to a Friday filing with the Australian bourse.The company's concentrated lithium brine was used to produce lithium chloride concentrate using a designated process technology in test work that comprised continuous pilot scale operations.The test work confirms "technical feasibility of the process technology and clear potential for industrial scaling, with results verifying that a longer operation time simultaneously improves system recovery, purity and stability," Argosy Minerals said.

ASX:AGY
Asia

Argosy Prioritizes Definitive Feasibility Study Works for Argentina Lithium Project 12,000 Tonnes-Per-Annum Development, Shares Fall 5%

Argosy Minerals (ASX:AGY) prioritized completing the definitive feasibility study works for the 12,000-tonnes-per-annum project development for the Rincon lithium project in Argentina, according to a Wednesday Australian bourse filing.Its demonstration facility operations remain suspended, with plant and equipment preservation works being conducted during the March quarter.It is engaging with local renewable energy providers to establish power purchase agreements to ensure a sustainable and cost-efficient energy supply. It is also re-engaging with Export Credit Agencies.The firm will assess its strategy to determine the best development avenue to evaluate the lithium brine potential and increase the value proposition of its Tonopah lithium project in Nevada, per the filing.Its shares fell over 5% in recent trading on Wednesday.

ASX:AGY

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