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An update from Argosy Minerals Limited ( (AU:AGY) ) is now available.
Argosy Minerals Limited has updated its hydrogeological dynamic model for the Rincon Lithium Project, which indicates an increased mine-life and brine abstraction capacity. The updated model supports lithium brine operations for up to 45 years at 12,000 tonnes per annum (tpa) and up to 23 years at 24,000 tpa, reflecting substantial potential for the project’s expansion. This development aligns with the company’s regulatory approval for a 12,000 tpa operation and strengthens its feasibility and engineering assessments. The updated resource estimate includes 731,801 tonnes of lithium carbonate, supporting the project’s expanded development potential and offering significant upside for stakeholders.
More about Argosy Minerals Limited
Argosy Minerals Limited operates in the mining industry, focusing primarily on lithium production. The company’s significant project is the Rincon Lithium Project in Salta Province, Argentina, where it aims to produce lithium carbonate, an essential material for the battery industry.
YTD Price Performance: -5.00%
Average Trading Volume: 42,922
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $26.84M
See more insights into AGY stock on TipRanks’ Stock Analysis page.
