Argosy Advances 40MW Grid Connection to Power Rincon Lithium Project

Argosy Minerals ( (AU:AGY) ) just unveiled an announcement.

Argosy Minerals has reported significant progress on its 40MW energy infrastructure program for the 12,000tpa Rincon Lithium Project in Salta, Argentina, with local utility EDESA completing detailed engineering and feasibility work for an 8.6km, 33kV medium-voltage transmission line connecting the national power grid to the site. Moving into a tender phase for construction and negotiating grid-based renewable power purchase agreements, the company expects the new grid connection to improve operational reliability, cut diesel reliance and operating costs, de-risk feasibility work, and strengthen Rincon’s competitive position as a low-carbon lithium operation in a region where grid access remains a key barrier for rival projects; the program is being developed in parallel with similar power access works for Rio Tinto’s neighbouring Rincon project, underlining the strategic importance of the shared infrastructure build-out.

The most recent analyst rating on (AU:AGY) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Argosy Minerals stock, see the AU:AGY Stock Forecast page.

More about Argosy Minerals

Argosy Minerals Limited is an ASX-listed lithium company focused on developing its flagship Rincon Lithium Project in Salta Province, Argentina. The project targets 12,000 tonnes per annum of lithium production and is positioned as a high-quality, low-carbon asset aligned with Argentina’s renewable energy transition, operating in a region where energy infrastructure is a key competitive constraint for lithium developers.

YTD Price Performance: 8.70%

Average Trading Volume: 10,745,780

Technical Sentiment Signal: Hold

Current Market Cap: A$192.9M

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