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Argosy Minerals provides lithium carbonate test samples to potential offtakers

Proactive Investors Friday, 21 December 2018
Argosy Minerals Limited (ASX:AGY) has made further progress towards a preliminary offtake arrangement for lithium carbonate from its Argentine project by providing additional customised test samples. The lithium carbonate (LCE) samples from industrial-scale pilot plant operations at the Rincon project in Argentina’s Lithium Triangle have been provided to potential customers. These samples of stage I LCE product were prepared based on the requirements of the customers. READ: Argosy Minerals completes further evaporation ponds at Rincon Lithium Project Independent product sample testing by the Alex Stewart International laboratory in Argentina has confirmed results of 99.5% Li2CO3 content, as per customer specification. Argosy managing director Jerko Zuvela said: “Argosy continues to achieve significant development milestones to further de-risk the project, including the delivery of these additional customer samples.” He said the keenly sought independent testing has also validated the company’s in-house laboratory results. Provided to potential Asian customers The additional test samples have been provided to preferred potential customers in Asia as part of the ongoing customer testing and product customisation process. This aims to ensure future customer sales are consistent quality and specification, and that any product impurities are systemised at the customer’s end, for their own product manufacturing requirements and meeting their own customers’ specifications. Comparable results achieved The independent verification testing achieved comparable results to those from Argosy’s in-house laboratory at the site of the company’s industrial-scale pilot plant. Stage I industrial-scale pilot plant operations. Potential customers will carry out their own in-house testing of the samples, which Argosy hopes will form the basis for potential stage I offtake arrangements. The product qualification process Argosy is working to is an industry norm which all cathode and battery manufacturers must adhere to. This process will ensure the company is placed in a strong position for future product sales. READ: Argosy Minerals confirms strong economics for Rincon Lithium Project in Argentina Argosy is one of the first new LCE product suppliers to conduct this process and reinforces the strong position it is in to establish its credentials well before many other lithium companies. This milestone was achieved through the exclusive and proprietary successful chemical process solution developed by Argosy following an extensive processing test work phase over the past six months or so. Zuvela added: “The company will continue progressing toward our next major milestone and continue toward the ultimate target of commercial-scale operations at our Rincon Lithium Project.”

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