Argosy Minerals Limited (AU:AGY) has released an update.
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Argosy Minerals Limited has strategically shifted focus to complete engineering works on their Rincon Lithium Project, aiming to reach a construction-ready stage for a 10,000tpa capacity, a significant step toward de-risking the project. They’ve suspended operations at their 2,000tpa production facility to concentrate on this larger scale development and optimize shareholder value in a prudent fiscal manner, despite current market conditions. The company is leveraging past operational experience and industry interest in strategic partnerships for future lithium product off-take, indicating confidence in the project’s long-term viability.
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