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Argosy Minerals Limited ( (AU:AGY) ) just unveiled an update.
Argosy Minerals Limited has progressed towards commercializing its Rincon Lithium Project in Argentina by completing initial engineering and feasibility works, setting a strategic pathway for a 12,000tpa production facility. The company has reported an upgraded mineral resource estimate, indicating significant potential for resource expansion, and has demonstrated strong financial health with a cash reserve of approximately $6 million. The Rincon project’s feasibility works aim to secure a final investment decision and involve collaborations with international engineering services providers. The company’s strategic approach aligns with international lithium demand growth, which supports the development of the Rincon Project.
More about Argosy Minerals Limited
Argosy Minerals Limited is involved in the lithium industry, focusing on the development and commercialization of lithium carbonate projects. Its primary asset is the Rincon Lithium Project located in Argentina, with a strategic pathway toward producing battery-quality lithium carbonate. The company also owns the Tonopah Lithium Project in Nevada, USA.
YTD Price Performance: 5.88%
Average Trading Volume: 41,449
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $26.54M
For detailed information about AGY stock, go to TipRanks’ Stock Analysis page.
