Published: October 31, 2016 |

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Argosy Minerals Ltd has approved the first stage development plan for a pilot plant at its Rincon Lithium JV Project located in the “Lithium Triangle” in Salta Province, Argentina.

The target for the first stage is to produce a laboratory scale quantity (100 – 150 tonnes) of lithium carbonate equivalent (LCE) product.

The pond construction and associated infrastructure works are expected to commence during November, following receipt of the necessary regulatory approvals and permits.

Last week, Argosy raised $3 million from cornerstone strategic investors to fast-track the Rincon Lithium Project.

The targeted schedule of activities at the JV project in order for Argosy to earn the first stage 50 percent interest includes:

•  Environmental studies and regulatory approvals/permits – target completion during December 2017 quarter;

•  Pond construction and associated works, including contractor tendering – target completion during March 2017 quarter;

•  Pilot plant construction and test-works, including brine processing, analysis and laboratory treatment of the lithium concentrate - target completion end of September quarter 2017; and

•  Pending success of the stage 1 development works, produce LCE product - target completion during December quarter 2017.

Source: (October 26, 2016) Proactive Investors

About Argosy Minerals
Argosy Minerals Ltd is focused on exploration in Africa.

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