Argosy Minerals Announces Progress at Rincon Lithium Project
Argosy Minerals has provided an update on its Rincon Lithium Project, detailing advancements in its operational capabilities and outlining future expansion plans. The company has been focusing on its 2,000 tonnes per annum (tpa) lithium carbonate production facility, which has produced approximately 67 tonnes of battery-quality lithium carbonate thus far.
Recent operational and testing efforts are showing positive outcomes, particularly within the primary solids filtration circuit. Through 82 trials, the company has seen improvements in filtration rates and product throughput, moving closer to optimal operational parameters. These advancements are crucial for Argosy Minerals as it aims to escalate production operations shortly.
In addition to operational enhancements, Argosy is in the final stages of receiving Environmental Impact Assessment (EIA) approval for expanding its production capacity to 10,000 tpa. This expansion is part of the company's broader strategy to capitalize on its recently increased resource estimate.
The company is also undertaking production forecast upgrade works to align with the substantial resource increase reported. Efforts include improving process controls for the consistent production of battery-quality lithium carbonate and reducing carbon dioxide consumption through process improvements.
The Rincon Lithium Project's progress represents a significant step for Argosy Minerals in its quest to enhance operational performance and expand its production capabilities. With the anticipated near-term EIA approval for its expansion and ongoing operational improvements, Argosy is well-positioned for growth in the lithium carbonate market.
