Argosy Minerals Limited (ASX: AGY) has confirmed further progress at the Rincon Lithium Project, located in Salta Province, Argentina.
The company said plant and equipment manufacturing, procurement and delivery works proceeding for development of the 2,000tpa lithium carbonate production operation.
The company said local plant and equipment items – engineered and fabricated in country, such as 150kVA generators, industrial pumps, agitators and motors from local manufacturers/suppliers – are in process of being delivered.
Longer-lead locally fabricated plant and equipment items, such as process tanks, reactors, chillers/coolers, and industrial boilers are being prepared for scheduled delivery.
Offshore plant and equipment items, such as the evaporator/dryer and associated parts manufactured in Germany, are currently in the process of delivery – with the recent shipment departure from Europe and estimated delivery into Argentina during February.
The press and belt filters procured and fabricated in Asia, have an estimated shipping departure from late-January and estimated delivery into Argentina during March-April. The processing mill was built in the USA and previously delivered.
Argosy Managing Director, Jerko Zuvela, said the company’s Puna operations team is continuing their timely development works – with plant and equipment procurement and delivery in progress – for the initial stage 2,000tpa lithium carbonate production operation at its Rincon Lithium Project.
“We look forward to this significant near-term growth phase of increasing development activity and ongoing progress toward the 10,000tpa project development expansion at Rincon, as Argosy transforms into a battery quality lithium carbonate producer and cashflow generator.
We are committed to achieving our upcoming target and commencing production operations this year at our Rincon Lithium Project,” he said.