Argosy Minerals Ltd (ASX:AGY) continues with its plan to fast-track the development of its flagship Rincon Lithium Project in Argentina.
The company achieved a key milestone in the September quarter in producing a successful and scalable chemical process solution to produce battery-grade quality lithium carbonate (LCE).
About 500 kilograms of LCE product has been produced to date.
Argosy believes the exclusive chemical process technology is effectively proven for utilisation of future development stages at the Rincon Lithium Project.
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In the current December quarter, Argosy has a busy schedule of expected news flow.
The company expects to release a JORC resource upgrade, release the preliminary economic assessment and reveal a stage I LCE off-take agreement.
Operationally, work will continue at the stage I industrial-scale pilot plant producing battery quality LCE product including scaling up to increased production.
Construction works are expected to complete this quarter for the stage II evaporation ponds and commercial scale processing plant development works will continue.
Supplying battery grade LCE to customers in 2019
Argosy is targeting ongoing, steady-state operations from the stage I pilot plant to produce battery-grade LCE product and supply to potential off-takers to commence in 2019.
Battery quality LCE product with up to 99.8% lithium carbonate content value has been produced and this is being sent to potential customers around the world.