ARYMF - Argosy Minerals MD highlights big positive at Rincon Lithium Project

(NewsDirect)

Argosy MineralsLimited (ASX:AGY, OTC:ARYMF) Managing Director Jerko Zuvela speaks toThomas Warner from Proactive after the Australian lithium projectdeveloper released a progress update for its flagship Rincon LithiumProject located within Argentina's Salta province.

He explains that ArgosyMinerals is in the process of building a 2,000-tonne per annumfacility to produce lithium carbonate, with plans to expand operationsby an additional 10,000 tonnes annually.

Since initiating the project in 2016, thecompany has emphasised its focus on chemical processing over mining,extracting brine from the Salt Lake to produce battery-quality lithiumcarbonate. Despite facing challenges with lithium prices andregulatory approvals, Zuvela believes Argosy has made significantstrides in the past two and a half years.

The company's recent announcement highlights the nearing ofcompletion at the 2,000-tonne facility and their ongoing efforts tosecure regulatory approval and financing for the 10,000-tonneexpansion. He concludes by saying that lithium prices are currently ata supportive level for the project and that the "fact we'regetting close to getting regulatory approval for the 10,000-tonneexpansion is a big positive...hopefully we can move down that path ofsecuring the financing arrangements and strategic partnershipswe've been working on to make that happen."

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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