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The latest update is out from Argosy Minerals ( (AU:AGY) ).
Argosy Minerals reported further progress on its planned 12,000 tonnes per annum Rincon Lithium Project in Argentina, highlighting advances in engineering, feasibility work and process design. The company is validating its flowsheet through comprehensive test work and pilot operations, positioning Rincon as a high-purity lithium producer in a key South American brine region.
Recent process technology test work achieved a 96% lithium recovery and successfully produced high-purity lithium chloride concentrate from concentrated brine using the selected flowsheet. Continuous pilot plant operations are now under way to refine operating and economic parameters, while a staged development plan starting with solid lithium chloride production aims to reduce capital intensity and de-risk project execution.
The most recent analyst rating on (AU:AGY) stock is a Buy with a A$0.09 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 is an ASX-listed resources company focused on developing lithium projects, with its flagship Rincon Lithium Project located in Salta Province, Argentina. The company is advancing lithium brine extraction and processing technologies to produce high-purity lithium products for the global battery and electric vehicle supply chain.
Average Trading Volume: 9,675,338
Technical Sentiment Signal: Sell
Current Market Cap: A$97.24M
See more insights into AGY stock on TipRanks’ Stock Analysis page.