12ktpa Rincon Lithium Project Update
| Stock | Argosy Minerals Ltd (AGY.ASX) |
|---|---|
| Release Time | 5 Mar 2026, 8:21 a.m. |
| Price Sensitive | Yes |
Argosy Achieves 96% Lithium Recovery at Rincon Project
- Process technology test works produce 96% lithium recovery
- High purity lithium chloride concentrate successfully produced
- Lycopodium engaged to progress 40MW energy infrastructure works
Argosy Minerals Limited (ASX: AGY) is pleased to provide an update on the 12,000tpa Rincon Lithium Project in Salta Province, Argentina. The company continues to advance the overall key engineering and feasibility works, with strong progress achieved across key development workstreams. The process design program is nearing completion following systematic evaluation and design refinement works, conducted in conjunction with international lithium process consultants. Test works conducted to optimize and upgrade the chemical flowsheet have successfully produced a high purity lithium chloride concentrate using the selected process technologies, with test work results confirming a lithium recovery of 96%. These results provide strong validation of the process flowsheet's capability and increased confidence in the robustness of the underlying process design. The optimized process flowsheet validation testing has advanced to continuous pilot plant scale operations in Argentina. Consistent with its strategy to enhance flexibility, reduce capital intensity and de-risk project and operational execution, the company is pursuing a two-stage product development pathway - production of solid lithium chloride as an intermediate product at the Rincon site, and potential downstream conversion into battery quality lithium carbonate or hydroxide. The company has also engaged Lycopodium to progress the 40MW energy infrastructure solution, which will provide a reliable 33kV connection from the Argentina National Grid to the Rincon site. These advances in process design, pilot plant operations, product strategy and energy infrastructure continue to de-risk the 12ktpa Rincon Lithium Project and position it for a robust final investment decision and successful commercialization.
The company is actively working to complete all tasks to successfully finalize the feasibility report, then target final investment decision and further de-risk toward full development of the Rincon Lithium Project.