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Argosy Minerals ( (AU:AGY) ) has shared an announcement.
Argosy Minerals Limited has announced a significant milestone in the development of its Rincon Lithium Project with the agreement to establish a 40MW energy infrastructure. The collaboration with Salta Electricity Distribution Company S.A. (EDESA) will enable the construction of a 7km electric transmission line, connecting the project to the Argentina National Power Grid. This development is expected to enhance the project’s economic viability by reducing capital expenditure and providing a reliable power source. The initiative also aligns with the neighboring Rio Tinto Rincon Project, indicating a broader regional development strategy.
The most recent analyst rating on (AU:AGY) stock is a Hold with a A$0.05 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 Limited is a company operating in the mining industry, focusing primarily on lithium production. The company is engaged in the development of the Rincon Lithium Project located in Salta Province, Argentina, aiming to produce 12,000 tonnes per annum of lithium. Argosy is strategically positioned to leverage the growing demand for lithium, which is crucial for battery production and renewable energy solutions.
Average Trading Volume: 3,696,323
Technical Sentiment Signal: Sell
Current Market Cap: A$49.5M
See more insights into AGY stock on TipRanks’ Stock Analysis page.