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Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Argosy Minerals Limited Presents at Critical Minerals Forum, Jun-27-2022

2022-06-17 09:35:00

Argosy Minerals Limited Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.

Argosy Minerals Limited Announces Amendment of Company Constitution

2022-05-31 08:05:00

Argosy Minerals Limited at the AGM held on May 31, 2022, approved amendment of Company constitution.

Argosy Minerals Limited Advises Further Progress At the Rincon Lithium Project

2022-05-30 22:15:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 83% of the total works now completed for the development of the 2,000tpa lithium carbonate production operation. The Company remains on schedule to achieve first production of >99.5% battery quality lithium carbonate product during third quarter-2022, following completion of construction works. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase works (including engineering layout) are fully complete (100%); The construction phase works are 85% complete; Plant commissioning works (comprising raw materials procurement and recruitment & development of production operations team) are 22% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site facilities (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds), with all works progressing on budget and schedule, with; earthworks/land movements completed (100%): 94% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); brine system works completed (100%) (comprising pumping station and plant settling ponds works); 82% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 85% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The Company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality lithium carbonate producer. Current and recent construction works have concentrated on completing the on-site office and laboratory, equipment delivery and installation (including recent installation of the 14m press filters), electrical installation, camp accommodation expansion, and conducting initial commissioning works. Furthermore, the Company continues its team recruitment process and procurement of first-fill process reagents in preparation for production operations. In addition, in-house training programs for the production/operations team are being conducted - utilising the industrial scale pilot plant for production operations, where the lithium carbonate product produced will be sold to Argentina domestic customers for local market supply. Upon completion of the construction phase works, the plant commissioning and production test-works, and ramp-up to 2,000tpa operations will proceed immediately thereafter, with first product expected during the next quarter.

Argosy Minerals Limited, Annual General Meeting, May 31, 2022

2022-04-29 08:47:00

Argosy Minerals Limited, Annual General Meeting, May 31, 2022, at 13:30 W. Australia Standard Time. Location: Board Room, RSM Australia Level 32, Exchange Tower 2 The Esplanade Perth Western Australia Australia Agenda: To consider adoption of remuneration report; to consider election of director; to consider issue of options to related party; to consider amendment of company constitution.

Argosy Minerals Limited Announces Board Changes

2022-04-18 22:33:00

Argosy Minerals Limited announced the appointment of current Non-Executive Director Mr. Mal Randall as Non-Executive Chair, effective from 31 May 2022 (being the Company's AGM). Mr. Randall will succeed Mr. Alex Molyneux, who has served as the Non-Executive Chairman of Argosy since 15 August 2016. Mr. Molyneux has advised his intention to retire from the Board at the Company's Annual General Meeting. Mr. Molyneux has served a pivotal role in the Company's development and growth as an emerging and globally significant lithium carbonate producer. He has led the Company into a period where sustained EV progress has become a reality, and where Argosy will become one of world's leading suppliers of the key battery material in the years ahead. Mr. Randall succeeds Mr. Molyneux, and was appointed a Non-Executive Director of Argosy in March 2017. Mr. Randall holds a Bachelor of Applied Chemistry degree, is a Fellow of the Australian Institute of Company Directors, and has more than 45 years' of extensive experience in corporate, management and marketing in the resource sector, including more than 25 years with the Rio Tinto group of companies. His experience covers a diverse range of mineral activities and he has held the position of Chairman and director of multiple ASX listed companies. As part of the Company's succession program and to further build skills and capability at Board level, the Company has appointed Mr. Bruce McFadzean and Mr. Peter De Leo as Independent Non-Executive Directors. Mr. McFadzean is a qualified mining engineer with more than 40 years' experience in the global resources industry, and was recently the Managing Director of Sheffield Resources Limited. Mr. McFadzean has led the financing, development and operation of several new mines around the world. Mr. McFadzean's professional career includes 15 years with BHP Billiton and Rio Tinto in a variety of positions, and four years as Managing Director of successful ASX gold miner Catalpa Resources Limited. Under Mr. McFadzean's management, Catalpa was involved in the merger to create Evolution Mining Limited. Mr. De Leo is currently the Managing Director of Lycopodium Limited and has been with the organisation since 1994. Mr. De Leo is a civil engineer with over 30 years' experience in engineering and construction within the resources and infrastructure sectors, and is a Fellow of the Institute of Engineers Australia. Mr. De Leo possesses strong business management and project implementation skills, and has been responsible for the successful delivery of many of Lycopodium's pioneering and large scale projects. In his corporate roles he has led Lycopodium in shaping and reshaping as required to meet market needs and capitalise on opportunities.

Argosy Minerals Limited Commences Passive Seismic Surveying Works Scheduled for this Weekend at the Tonopah Lithium Project Located in Nevada, USA

2022-04-05 22:19:00

Argosy Minerals Limited advised the commencement of passive seismic surveying works scheduled for this weekend at the Tonopah Lithium Project located in Nevada, USA. The Company's highly prospective Tonopah Lithium Project ("Tonopah") is strategically located near Albemarle's Silver Peak operation in Nevada, USA. Argosy is progressing its exploration programme works, following the completion of the magnetotelluric (MT) resistivity survey works in 2021 - that defined a major conductive anomaly, interpreted as a potential lithium brine aquifer. The three MT targets identified may define a closed basin and have the potential for lithium brine accumulation. To further define the targets identified, and to progress further exploration works toward drilling, Argosy has contracted a Nevada-based geophysical contractor to carry out the passive seismic survey, covering a 400m survey line spacing and 100m station spacing along all transects, for a total of up to 993 survey stations covering the area of interest previously defined. Upon completion of the survey work and data acquisition, the data will be processed to allow analysis and interpretation works to be conducted, including utilising the existing MT data set, to determine priority drill site target selection. Argosy is expecting the delineated MT targets to correlate very well with the passive seismic survey data and provide extra confidence for future drill testing works. Argosy considers the opportunity to develop highly prospective Tonopah Lithium Project - strategically located near Albemarle's Silver Peak lithium operation - in a jurisdiction supportive of the commercial development of lithium, as a strategic position to further develop Argosy into a world-class lithium producer.

Argosy Minerals Limited Advises Progress At the Rincon Lithium Project, Located in Salta Province, Argentina

2022-03-31 21:18:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 67% of the total works now completed for the development of the modular 2,000tpa lithium carbonate production operation. The Company remains on schedule to achieve first production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase works (including engineering layout) are complete (100%); The construction phase works are 70% complete; Plant commissioning works (comprising raw materials acquisition and workforce/team development) are 13% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) are progressing on budget and schedule, with; 99% of earthworks/land movements completed; 87% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); the brine system works are complete - 100% (comprising pumping station and plant settling ponds works); 67% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 61% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The Company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality lithium carbonate producer. Current and recent construction works have concentrated on completion works of the on-site office and laboratory, equipment procurement, delivery and installation – including installing and commissioning the evaporator/dryer and the vibrator screening equipment (following its delivery from Germany), building the various industrial sheds, and additional camp accommodation facilities. In addition, pumps and pumping equipment have been delivered to site for the brine system operations - with brine pumping operations re-commencing to supply raw brine to the evaporation ponds from the production wells, additional process tanks and reactors are due for delivery within the next week, the electric generators have been tested and are ready for delivery, and the industrial water treatment system is ready for installation. Further upcoming works will focus on plant and equipment delivery and installation, utilities and associated services supply and installation, and auxiliary systems installation, with significant progress to be made over coming months. Furthermore, the Company has recruited additional engineering and site personnel, is procuring the raw materials (chemical reagents, etc) in preparation for production operations, and commenced training programs for the production team, including utilizing the industrial scale pilot plant for production operations, where the lithium carbonate product produced will be sold to Argentina domestic customers to supply the local market. Upon completion of the construction phase works, the plant commissioning and production test-works, and ramp-up to 2,000tpa operations will follow immediately thereafter.

Argosy Minerals Limited Announces Approval Granted for Resource Expansion & Production Well Drilling At Rincon

2022-02-09 21:22:00

Argosy Minerals Limited advised a significant milestone at the Rincon Lithium Project, located in Salta Province, Argentina, with the receipt of official regulatory approval of the Company's Environmental Impact Assessment ("EIA") report to conduct resource expansion exploration and production well drilling works. The resource expansion drilling program to increase the current JORC Indicated Mineral Resource estimate at the project will target realising the defined Exploration Target1, estimated as 262,000 tonnes to 479,000 tonnes of lithium carbonate, between the depth interval of 102.5m to 300m below ground level (and underlies the existing Indicated Mineral Resource estimate completed in 2018). The combined JORC Indicated Mineral Resource and Exploration Target1 estimates outline the potential for a range of up to 507,000 tonnes to 724,000 tonnes of contained lithium carbonate to a depth of 300m. The production well drilling works will be conducted to facilitate the preparation of a Mineral Reserve Estimate and subsequent completion of a Feasibility Study later this year. The planned resource expansion confirmatory works proving the Exploration Target estimate may materially increase the current resource estimate, project mine life and/or provide scope to considerably increase the annual production capacity currently defined at the Project - based on the Preliminary Economic Assessment currently confirms the Project's life- of-mine estimate of 16.5 years at a 10,000tpa Li2CO3 production rate, or an 11 year life-of-mine at a 15,000tpa Li2CO3 production rate.

Argosy Minerals Limited Provides Operational Update of Rincon Lithium Project

2022-01-31 21:23:00

Argosy Minerals Limited provided operational update of Rincon Lithium Project, located in Salta Province, Argentina, with 56% of the total works now completed for the development of the modular 2,000tpa lithium carbonate production operation. The company remains on schedule to achieve first production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase works (including engineering layout) are complete (100%); The construction phase works are 59% complete; Plant commissioning works (comprising raw materials acquisition and workforce/team development) are 13% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) are progressing on budget and schedule, with; 99% of earthworks/land movements completed; 86% of site works completed (comprising site camp accommodation, laboratory, office, and other works); 76% of the brine system completed (comprising pumping station and plant settling ponds works); 52% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 53% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality lithium carbonate producer.

Argosy Minerals Limited Announces Further Progress at Rincon Lithium Project Located in Salta Province, Argentina

2022-01-03 21:20:00

Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 53% of the total works now completed for the development of the modular 2,000tpa lithium carbonate production operation. The company remains on schedule to achieve first production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase works (including engineering layout) are complete (100%), the construction phase is currently at 55% completion, whilst plant commissioning works (comprising raw materials acquisition and tender works) are 13% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) are progressing on budget and schedule, with; 99% of earthworks/land movements completed; 86% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); 73% of the brine system completed (comprising pumping station and plant settling ponds works); 48% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 45% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality Li2CO3 producer. Upcoming project works will focus on advancing the brine system and associated infrastructure, plant equipment delivery, and building the on-site office and laboratory, with significant progress to be made over coming months. Upon completion of the construction phase works, the plant commissioning works, and production test-works and ramp-up to 2,000tpa operations will follow immediately thereafter.

Argosy Minerals Limited Announces Rincon 2,000Tpa Li2co3 Plant & Equipment Progress

2021-11-08 21:17:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with plant and equipment requisition and procurement works proceeding well on schedule for development of the 2,000tpa lithium carbonate production operation. The Company has been able to procure items such as 150kVA generators, industrial pumps, chillers/coolers, and agitators and motors from local manufacturers/suppliers. In addition, longer-lead items such as process tanks, reactors, and industrial boilers are being engineered and fabricated locally in Argentina, and being prepared for delivery as scheduled. Other items, such as the evaporator/dryer is being sourced from Germany, the filters procured from Asia, whilst the mill was built in the USA and previously delivered. Coming works will focus on the industrial plant construction works phase, targeted for completion during April 2022, with plant commissioning works, test-works and ramp-up to 2,000tpa battery quality lithium carbonate production operations following thereafter.

Argosy Minerals Limited Announces Rincon 2,000TPA Li2CO3 Operational Update

2021-10-31 21:53:00

Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 45% of the total works now completed for the development of the modular 2,000tpa lithium carbonate production operation. The company remains on schedule to achieve first commercial production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase (and engineering layout) is effectively completed (99%), the construction phase is at 44% completion, whilst plant commissioning works (comprising raw materials acquisition and tender works) are 9% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) are progressing on budget and schedule, with; 99% of earthworks/land movements completed; 86% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); 73% of the brine system completed (comprising pumping station and plant settling ponds works); 32% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 33% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The Company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality Li2CO3 producer. The construction phase remains on schedule for completion during April 2022, and plant commissioning works, production test-works and ramp-up will follow immediately thereafter. Construction works on the industrial shed housing the 2,000tpa process plant have commenced, and other site works will continue to increase in the coming months. Coming works will focus on industrial plant construction works and plant equipment sourcing. Site works are considerably increasing, with major progress and significant advancement to be made over coming months.

Argosy Minerals Limited Announces Further Progress At the Rincon Lithium Project in Salta Province, Argentina

2021-09-30 22:33:00

Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 40% of the total works now completed for the development of the modular 2,000tpa lithium carbonateproduction operation. The company remains on schedule to achieve first commercial production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase (and engineering layout) is effectively completed (99%), the construction phase is at 36% completion, whilst plant commissioning works (comprising raw materials acquisition and tender works) are 7% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) are progressing on budget and schedule, with; 97% of earthworks/land movements completed; 78% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); 67% of the brine system completed (comprising pumping station and plant settling ponds works); 19% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); and 33% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality Li2CO3 producer. The construction phase remains on schedule for completion during April 2022, and plant commissioning works, production test-works and ramp-up will follow immediately thereafter. Construction works on the industrial shed housing the 2,000tpa process plant have commenced, and other site works will continue to increase in the coming months. The brine system works, comprising brine production wells, pumping stations and associated piping, and plant settling ponds, are also progressing toward completion. Further, the major next stage works will focus on plant equipment sourcing and plant warehouse constructions works over coming months. Site works will considerably increase during this time, which will confirm major progress and significant advancement at the project.

Argosy Minerals Limited Announces Completion of Interpretation and Analysis of the Magnetotelluric Resistivity Survey Data for the Tonopah Lithium Project Located in Nevada, Usa

2021-09-28 22:22:00

Argosy Minerals Limited announced that interpretation and analysis of the magnetotelluric resistivity survey data has been completed for the Tonopah Lithium Project located in Nevada, USA. Argosy contracted a Perth-based MT specialist geophysical consultant to process the MT survey data, and conduct analysis and interpretation works to delineate potential lithium brine targets within the project area - adjacent to Albemarle's Silver Peak lithium operation. The modelling works have defined a major conductive anomaly - interpreted as a potential lithium brine aquifer, with depth to the top of this feature varying between 300m to 700m (along the profile). The variations in depth (and compartmentalisation within the unit) may be attributable to basin faults, which are important targets for lithium brine accumulation. From within the main anomaly, three MT targets have been identified that may define a closed basin and have the potential for lithium brine accumulation. Target 1 is the deepest and most conductive target, and will require drill testing to a depth of ~1000-1500m. Targets 2 and 3 are shallower and less conductive, and will require drill testing to a depth of between ~800-1200m. The delineated MT targets correlate very well when overlain with the previously interpreted gravity targets, providing further confidence for future drill testing works. The company will now consider potential exploration target works to assist with identifying the lithium brine prospectivity at Tonopah, and then consider drilling works to test the MT targets to determine the lithium brine potential within company's project area. Argosy considers the opportunity to develop company's highly prospective Tonopah Lithium Project - strategically located near Albemarle's Silver Peak lithium operation - in a jurisdiction supportive of the commercial development of lithium, as a strategic position to further develop Argosy into a world-class lithium producer.

Argosy Minerals Limited Announces Development at the Rincon Lithium Project, Located in Salta Province, Argentina

2021-09-26 22:16:00

Argosy Minerals Limited announced that development at the Rincon Lithium Project, located in Salta Province, Argentina, with progress relating to the future potential connection of the Altiplano 200 solar energy plant to power the 10,000tpa expansion operation at Rincon. The Altiplano 200 solar power facility will generate 208 MWp and is wholly-owned by Neoen, France's leading independent producer of renewable energy. Construction of the powerplant is near completion, with the facility due to enter service in late-2021. The Company's local energy consultants have confirmed a direct connection to the Rincon operation from the new solar power plant is possible, and discussions with the Altiplano 200 operators also confirm both parties commercial interest to progress with such. Argosy's proprietary chemical process technology to produce battery quality lithium carbonate is energy efficient, with power usage estimated at ~5-6MW for the 10,000tpa expansion operation, to be a low emissions operation with a small carbon footprint.

Argosy Minerals Limited Announces Progress At the Rincon Lithium Project, Located in Salta Province, Argentina

2021-09-23 22:21:00

Argosy Minerals Limited announced progress at the Rincon Lithium Project, located in Salta Province, Argentina, with salt harvesting works currently being carried out. Salt harvesting of lithium brine evaporation ponds is a regular practice, with such harvesting works conducted on an approximate 2-year cycle, as part of the lithium brine solar concentration process, which leads to further processing to produce battery quality lithium carbonate product, which the Company is currently constructing the modular 2,000tpa lithium carbonate production operation. By conducting the salt harvesting and removing the salt build-up in the evaporation ponds, the ponds are able to maintain an even brine volume without needing to increase pond- wall levels. The harvested salt can be used for industrial salt products and applications, or otherwise returned onto the salar surface.

Argosy Minerals Limited(ASX:AGY) added to S&P Global BMI Index

2021-09-20 00:00:00

Argosy Minerals Limited(ASX:AGY) added to S&P Global BMI Index

Argosy Minerals Limited Announces Tonopah Lithium Project Update

2021-09-07 22:38:00

Argosy Minerals Limited advised the preliminary interpretation and analysis of the magnetotelluric resistivity survey data has been compiled for the Tonopah Lithium Project ("Tonopah") located in Nevada, USA. Argosy contracted a Nevada-based geophysical contractor to carry out the magnetotelluric (MT) resistivity survey at Tonopah (conducted in July), which covered forty- one (41) MT sites acquired on a 500 meter nominal station spacing along three profile lines totalling 20 linear kilometres. Argosy contracted a Perth-based MT specialist geophysical consultant to process the MT survey data for analysis and interpretation works to be conducted, and produce preliminary electrical resistivity models, with the primary aims being to: Define depth to resistive Tertiary/Palaeozoic geological basement; Delineate low resistivity anomalies, which may be prospective targets for lithium brines; Identify geologic structures in the target area; Provide electrical data to complement existing geological models and potential field data to improve interpretations; and Locate potential lithium brine trap targets and delineate priority drill target sites. The preliminary modelling works appear to define three conductive targets that may define a closed basin (interpreted as potential aquifer), and have the potential for lithium brine accumulation.

Argosy Minerals Limited Announces Resignation of Ranko Matic as Non-Executive Director

2021-09-03 06:34:00

Argosy Minerals Limited announced that due to increasing commitments in his executive roles, Ranko Matic has advised the Company that he intends to resign as Non-Executive Director of Argosy, effective at the close of business 3 September 2021.

Argosy Minerals Limited Provides an Update on Rincon Project

2021-08-31 22:21:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with the process plant design layout established in preparation for constructing the modular 2,000tpa lithium carbonate production operation. The engineering layout and design phase schedule for the 2,000tpa production operation is now 99% complete. Construction works on the industrial shed housing the 2,000tpa process plant are due to commence, whilst site works will considerably increase in the coming months. The construction phase remains on schedule for completion by end Q1, 2022, and plant commissioning works, production test-works and ramp-up will follow immediately thereafter. The Company has been able to acquire early-lead equipment items, whilst confirming orders on longer-lead plant items, and are well in progress for delivery as scheduled.

Argosy Minerals Limited Advises Further Progress at the Rincon Lithium Project

2021-08-16 22:20:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with drilling works being conducted to source industrial groundwater supply for the commencement of 2,000tpa lithium carbonate production operations. During lithium carbonate production operations, processing water usage requirements are significantly reduced via recycling approximately 90% of the brine fed through the process plant, and is then returned to the natural salar (salt lake) in a balanced/neutral state. The water usage method will ensure there is nominal impact on people, animals or natural vegetation, and all raw water will be sourced from natural flows beneath the salar, which will otherwise evaporate naturally if not utilised, thus maintaining the equilibrium process at the salar.

Argosy Minerals Limited Announces the Completion of Magnetotelluric Resistivity Field Surveying Works At the Tonopah Lithium Project Located in Nevada, USA

2021-08-05 22:18:00

Argosy Minerals Limited announced the completion of magnetotelluric resistivity field surveying works at the Tonopah Lithium Project ("Tonopah") located in Nevada, USA. Argosy contracted the Nevada-based geophysical contractor to carry out the magnetotelluric (MT) resistivity survey at Tonopah, which covered forty-one (41) MT sites acquired on a 500 meter nominal station spacing along three profile lines totalling 20 lineal kilometres. The survey data will now be processed to allow geophysical analysis and interpretation works to be conducted. The analysed data will assist with defining depths to the resistive geologic basement, identify low resistivity anomalies potentially caused by lithium brine, distinguish geologic structures in the survey area, potentially locate the lithium brine trap targets, and delineate the priority drill target sites. The low resistivity anomalies (red colours in Figure 1) may indicate lithium brine zones, which are relatively close to surface, supporting conventional exploration drilling works. Upon completion of the data processing, analysis and interpretation works, the Company can then consider potential drilling works to test the lithium brine prospectivity potential within the project area. The Company considers the opportunity to develop highly prospective Tonopah Lithium Project strategically located near Albemarle's Silver Peak lithium operation in a jurisdiction supportive of the commercial development of lithium, as a strategic position to further develop Argosy into a world-class lithium producer.

Argosy Minerals Limited Announces Further Progress At the Rincon Lithium Project

2021-08-03 22:26:00

Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with plant and equipment requisition and procurement works proceeding well on schedule for development of the modular 2,000tpa lithium carbonate production operation. The Company has been able to secure early-lead items such as 500kVA electric power generators, 150kVA generators and piping for brine pumping operations, and site tanks. In addition, longer-lead items such as boilers, cooler/chiller, process tanks and reactors are all being engineered and fabricated locally in Argentina, and are well in progress for delivery as scheduled. Other items, such as the evaporator/dryer are being manufactured in Germany, the filters are being sourced from Asia, whilst the mill was built in the USA and already delivered. Site works will considerably increase over coming months, with the construction phase scheduled for completion during first quarter of 2022, and plant commissioning works, test-works and ramp-up to follow immediately thereafter.

Argosy Minerals Limited Announces Rincon 2,000Tpa Li2co3 Operational Update

2021-08-01 22:37:00

Argosy Minerals Limited advise further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 33% of the total works now completed for the development of the modular 2,000tpa lithium carbonate production operation. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase is 94% completed, the construction phase is at 34% completion, whilst plant commissioning works (comprising raw materials acquisition and tender works) are 7% complete. The brine system works, comprising brine production wells, pumping stations and associatedpiping, and plant settling ponds, are also progressing toward completion. Further, the major next stage works will focus on plant equipment sourcing and plant warehouse constructions works over coming months. Site works will considerably increase during this time, which will confirm major progress and significant advancement at the project. The construction phase of works is scheduled for completion during Q1, 2022, with plant commissioning works, test-works and ramp-up to follow immediately thereafter. The company is progressing toward successfully developing the modular 2,000tpa operation and become a commercial battery quality Li2CO3 producer.

Argosy Minerals Limited Provides Rincon Clean Lithium Technology Update

2021-07-25 22:24:00

Argosy Minerals Limited announced continuing progress at the Rincon Lithium Project, located in Salta Province, Argentina, by further defining proprietary clean lithium processing technology. Argosy has developed a chemical process technology to produce battery quality lithium carbonate that is conscious of limiting its environmental footprint. The two key environmental factors which set technology apart from other lithium carbonate producers are: Low energy use - consuming estimated ~1MW for 2,000tpa operation and ~5-6MW for 10,000tpa expansion operation. Low raw water consumption - estimated flow rate of ~6-8m3/h for the 2,000tpa operation and ~40m3/h for the 10,000tpa expansion operation. Raw water usage requirements are significantly reduced via recycling ~90% of the brine fed through the process plant, and is returned to the natural salar in a balanced/neutral state. The water usage method will ensure there is no impact on people, animals or natural vegetation, and all raw water will be sourced from natural flows beneath the salar, which will otherwise evaporate naturally if not utilised, thus maintaining the equilibrium process at the salar. Energy for the 2,000tpa operation will be provided by the nearby gas pipeline. The low energy use equates to a smaller carbon footprint than many in the industry. The Rincon Lithium Project's environmental credentials will also be boosted by the potential use of solar energy for the 10,000tpa. The Company is investigating utilising electricity generated from the nearby Altiplano 208MW solar power plant (currently in construction). This facility will generate 208MW (when operational) and potentially provide a valuable source of low emissions energy for the 10,000tpa expansion operation. The proprietary chemical process technology developed for the Rincon Lithium Project will be a low emissions operation with a small carbon footprint. The Company is working on options to further reduce emissions for the 10,000tpa expansion operation - by sourcing energy from the neighbouring Altiplano 208MW solar power plant (currently in construction), where the Company may be able to replace the use of natural gas for powering the electric generators, and thus may enable a considerable reduction of carbon emissions.

Argosy Minerals Limited Announces Rincon Resource Expansion

2021-07-20 22:25:00

Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, where preparation works have continued, to conduct a resource expansion drilling program to increase the current JORC Indicated Mineral Resource estimate at the project. Argosy has also continued discussions with several strategic groups on lithium carbonate off-take propositions and related strategic funding propositions for the 10,000tpa project expansion. The drilling program will target realising the defined Exploration Target1 estimate (described below), with an exploration drill-hole and testing programme developed. The company is currently awaiting the necessary regulatory approvals to commence this phase of work, noting the deeper drilling to 300m depth requires more detailed environmental criteria prior to receiving the regulatory approval. The combined JORC Indicated Mineral Resource and Exploration Target1 estimates outline the potential for a range of up to 507,000 tonnes to 724,000 tonnes of contained lithium carbonate to a depth of 300m. These planned confirmatory works proving the Exploration Target estimate could materially increase the resource estimate, project mine life and/or provide scope to considerably increase the annual production capacity currently defined at the Project - based on the Preliminary Economic Assessment (completed in November 2018) currently confirms the Project's life-of-mine estimate of 16.5 years at a 10,000tpa Li2CO3 production rate, or an 11 year life-of-mine at a 15,000tpa Li2CO3 production rate. In addition, with the current strong lithium market and sector interest, corporate finance advisors have presented various potential debt/bond capex financing options as viable funding solutions for the 10,000tpa project expansion, which are being appraised. Furthermore, with Argosy's near-term capacity to produce battery quality lithium carbonate product from the 2,000tpa operation (currently in construction), the Company has received various off-take propositions from European and Asian lithium carbonate product end-users, with such parties strongly requesting formal cooperative arrangements.

Argosy Minerals Limited Announces Tonopah Lithium Project Update

2021-07-20 01:21:00

Argosy Minerals Limited announced the commencement of magnetotelluric resistivity surveying works at the Tonopah Lithium Project located in Nevada, USA. The Company's highly prospective Tonopah Lithium Project ("Tonopah") is strategically located near Albemarle's Silver Peak operation in Nevada, USA. Argosy has progressed its exploration programme works, following the earlier review of geophysical gravity data, which identified lithium brine trap targets that may contain accumulated concentrated lithium brine. As part of the next stage exploration works, Argosy has contracted a Nevada-based geophysical contractor to carry out a magnetotelluric (MT) resistivity survey, covering three profile lines totalling ~20 lineal kilometres, and MT sites to be acquired on a 500 meter nominal station spacing along the three designated profiles. Argosy has now received confirmation from its Nevada-based geophysical contractor that the MT survey works have commenced. Upon completion of the survey work and data acquisition, the data will be processed to allow analysis and interpretation works to be conducted. The data acquired will greatly enhance the understanding of geological structures in the survey area and provide constrains for 3D inversion of the existing gravity data, to potentially locate the lithium brine trap targets. The data will be able to assist with defining depths to the resistive geologic basement, delineate low resistivity anomalies, potentially caused by lithium brine, and identify geologic structures in the survey area. The Company can then consider potential drilling works to test the lithium brine prospectivity potential within the project area. The Company considers the opportunity to develop a USA based project in a jurisdiction supportive of the commercial development of lithium, as a strategic position to further develop Argosy into a world-class lithium producer.

Argosy Minerals Limited Announces Progress At the Rincon Lithium Project, Located in Salta Province, Argentina

2021-06-30 22:27:00

Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 26% of the total works now completed for the development of the modular 2,000tpa lithium carbonateproduction operation. The Company remains on schedule to achieve first commercial production of >99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase is now 94% completed, whilst the construction phase is at 28% completion. The construction phase comprises the process plant, equipment and associated installations, earthworks and site construction (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds) have progressed well since commencement, with; 80% of earthworks/land movements completed; 55% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); 72% of the brine system completed (comprising pumping station and plant settling ponds works); 14% of the process plant completed (comprising plant equipment acquisition and plant warehouse works); 17% of utilities and associated services (comprising vapour system, communication system and ancillary services works); and 2% plant commissioning works completed (comprising raw materials acquisition and tender works). Argosy is continuing discussions with several strategic groups on various product off-take propositions and related strategic investment options for the 10,000tpa capex funding solution. With the current strong lithium price and tightening market supply/demand conditions, Argosy considers that terms and conditions for potential off-take arrangements will continue to improve, in the lead up to commencing the targeted 2,000tpa production operations. As such, with the 2,000tpa operation fully funded and the Company having nil debt, Argosy has the financial flexibility to consider varying off-take and strategic investment proposals to ensure a favourable strategic outcome for future project expansion.The Company reconfirms the growing recognition within the entire lithium industry of Argosy's ability and expertise to successfully develop the modular 2,000tpa operation and 10,000tpa project expansion, and become a commercial battery quality lithium carbonate producer.