Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Argosy Minerals ( (AU:AGY) ) just unveiled an announcement.
Argosy Minerals has reported further progress on its 12,000 tonne-per-annum Rincon Lithium Project in Argentina, with engineering and feasibility workstreams advancing and process design nearing completion. Testing of the chemical flowsheet delivered a high-purity lithium chloride concentrate with 96% lithium recovery, and continuous pilot plant operations are underway to validate process performance and refine operating and economic parameters.
The company is prioritising a staged development strategy, initially producing solid lithium chloride on site before potential conversion into battery-quality lithium carbonate or hydroxide, or direct export of the intermediate product. This pathway is expected to reduce upfront capital costs, accelerate market entry and cash flow, lower technical risk, and position Argosy to supply lithium chloride suited to LFP battery production, while a new 40MW power supply backed by Argentina’s national grid and a nearby solar facility is being progressed with Lycopodium to underpin long-term operations.
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 Australia-listed lithium developer focused on the Rincon Lithium Project in Salta Province, Argentina. The company is advancing brine-based lithium extraction and processing, targeting production of intermediate lithium chloride and downstream battery-grade lithium carbonate or hydroxide to supply the fast-growing energy storage and electric vehicle sectors.
Average Trading Volume: 9,596,371
Technical Sentiment Signal: Hold
Current Market Cap: A$106.5M
For a thorough assessment of AGY stock, go to TipRanks’ Stock Analysis page.