Argosy Minerals Limited (AU:AGY) has released an update.
Argosy Minerals Limited has received official approval from the Government of Salta Province for the expansion of its Rincon Lithium Project, which aims to produce 10,000 tonnes per annum (tpa) of battery-quality lithium carbonate. This approval is a significant step in de-risking the project development, setting the stage for continuous production operations and seeking strategic partners for capital expenditure funding and off-take agreements. Moreover, dynamic modeling indicates that the project can sustainably supply lithium for up to 42 years, highlighting the project’s long-term viability and supporting the company’s growth strategy in the lithium market.
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