Argosy Minerals Limited (AU:AGY) has released an update.
Argosy Minerals Limited has received governmental approval to expand its lithium carbonate production at the Rincon Lithium Project, with the Environmental Impact Assessment (EIA) for the 10,000tpa operation being officially sanctioned. The EIA’s approval significantly de-risks the project, and the company is now moving to secure funding and off-take agreements for the expansion. Furthermore, dynamic modeling suggests that the project can sustainably produce up to 12,000tpa of lithium carbonate for 42 years, bolstering Argosy’s position as a growing lithium producer with a strong financial foundation.
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