Argosy Prioritizes Definitive Feasibility Study Works for Argentina Lithium Project 12,000 Tonnes-Per-Annum Development, Shares Fall 5%

MT Newswires Live12:57

Argosy Minerals (ASX:AGY) prioritized completing the definitive feasibility study works for the 12,000-tonnes-per-annum project development for the Rincon lithium project in Argentina, according to a Wednesday Australian bourse filing.

Its demonstration facility operations remain suspended, with plant and equipment preservation works being conducted during the March quarter.

It is engaging with local renewable energy providers to establish power purchase agreements to ensure a sustainable and cost-efficient energy supply. It is also re-engaging with Export Credit Agencies.

The firm will assess its strategy to determine the best development avenue to evaluate the lithium brine potential and increase the value proposition of its Tonopah lithium project in Nevada, per the filing.

Its shares fell over 5% in recent trading on Wednesday.

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