-Product sample testing forms the basis and is required for supplier qualification process, and potential Stage 2 off-take arrangements
-Further validation of the Company’s exclusive and proprietary environmentally clean chemical process technology
-Japanese battery cathode market targeted by Argosy for potential larger off-take arrangements
Argosy Minerals Limited (ASX: AGY) (“Argosy” or “Company”) is pleased to advise that, as part of its product qualification process for potential future Stage 2 off-take arrangements, it has delivered the 500kg high purity lithium carbonate product sample – produced from the Company’s industrial scale pilot plant at the Rincon Lithium Project in Salta Province, Argentina – to a Japanese battery cathode end-user customer.
The 500kg product sample was requested by the potential new end-user customer following the supply of the initial five (small volume) product samples tested by the customer in June, where they achieved analysis results up to 99.88% Li2CO3 purity.
This larger 500kg product sample is part of the next phase of the product qualification process, which if successful, the customer has requested to purchase a container delivery of high purity Li2CO3 product from our industrial scale pilot plant operations. This may then lead to Argosy’s lithium carbonate product being qualified and accepted for future deliveries and potential off-take
arrangements with this customer as part of the next stage of development of the Rincon Lithium Project.
Argosy Managing Director, Jerko Zuvela said “This is another significant milestone towards the development of our Rincon Lithium Project and securing strategic relationships with potential battery cathode customers for our future 2,000tpa off-take arrangements. We continue to differentiate our project from all our peers with our in-house lithium processing expertise and the high purity lithium carbonate product we produce. It is further proof of our proprietary and successful environmentally clean chemical process technology developed specifically for our project by our world-class Puna operations team.
Our Company and project fundamentals remain strong, and we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant project milestones completed to
date. We are delighted to be part of the exclusive group of international lithium carbonate product producers and exporters, as we continue toward full development of our Rincon
ABOUT ARGOSY MINERALS LIMITED
Argosy Minerals Limited (ASX: AGY) is an Australian company with a current 77.5% (and ultimate 90%) interest in the Rincon Lithium Project in Salta Province, Argentina and a 100% interest in the Tonopah Lithium Project in Nevada, USA.
The Company is focused on its flagship Rincon Lithium Project – potentially a game-changing proposition given its location within the world renowned “Lithium Triangle” – host to the world’s largest lithium resources, and its fast-track development strategy toward production of LCE product.
Argosy is committed to building a sustainable lithium production company, highly leveraged to the forecast growth in the lithium-ion battery sector.