Argosy Advances Rincon Lithium Project and Secures 40MW Power Plan

Argosy Minerals ( (AU:AGY) ) has issued an announcement.

Argosy Minerals reported steady progress on the 12,000 tonne per annum development phase at its Rincon Lithium Project in Argentina, with engineering and feasibility work nearing completion for a definitive study and front-end design. The current Stage 1a work centres on producing solid lithium chloride on site to lower upfront capital, simplify processing, and de-risk operations before assessing downstream conversion to battery-grade lithium carbonate or hydroxide.

Test work has validated the planned process flowsheet, increasing confidence in operating and economic parameters that will underpin project cost estimates and scheduling. The company is also advancing plans to either upgrade the intermediate product on site or export high-purity solid lithium chloride directly, providing a scalable pathway from brine to premium lithium products.

In parallel, Argosy has secured a key power infrastructure solution, with Salta power utility EDESA completing engineering and feasibility studies for a 40MW grid connection to the Rincon site via a new medium-voltage line. The grid-based 33kV supply, supported by Lycopodium as owner’s electrical engineer and potential renewable power purchase agreements, is expected to cut operating costs and strengthen project economics, while Argosy closed the quarter with about A$3.6 million in cash.

More about Argosy Minerals

Argosy Minerals is an Australia-based lithium developer focused on advancing its flagship Rincon Lithium Project in Argentina and the Tonopah Lithium Project in Nevada, U.S. The company aims to produce battery-quality lithium chemicals, positioning itself to supply growing global demand from electric vehicle and battery energy storage sectors.

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