Argosy Minerals Ltd (ASX:AGY) executives have attended a meeting in Buenos Aires with the President of Argentina, Mr Mauricio Macri and Federal Mining Secretary, Ms Diana Carolina Sanchez.
The objective of the meeting was to inform President Macri and Ms Sanchez of the fast-track development strategy the company has implemented at the Rincon Lithium Project.
Argosy also informed Macri and Sanchez on the current status and plans to progress Rincon toward commercial-scale operations at the project.
Positively, all parties confirmed their commitment to support the development of the company’s Rincon Lithium Project.
READ: Argosy Minerals demonstrates chemical process for battery-quality lithium production at Rincon
Argosy’s managing director Jerko Zuvela said: “We are delighted to meet President Macri and Ms Sanchez, which confirms the significance of our Rincon Lithium Project by the Federal government, and shows the support to continue the rapid development works conducted by the company to date.
“The meeting highlighted the importance of developing the Rincon Project, the shared responsibility and mutual benefits of investment, and support required for development execution.
“Argosy is firmly committed to the advancement and success of the project.”
Shares up since August
Shares in Argosy spiked off their monthly low of 16 cents in August 2018 after the company confirmed the production of 99.6% lithium carbonate.
Recently, Argosy demonstrated that the chemical process developed to produce battery-quality lithium carbonate (LCE) from its Rincon project in Argentina was successful and scalable.
Processing works at the stage I plant achieved battery-quality LCE product with a 99.8% lithium carbonate content value.