Argosy Minerals Limited has announced stage 2 evaporation ponds progress at its Rincon Lithium Project posting additional 9-hectare pond. The project is in the “Lithium Triangle” in Salta Province of Argentina.
The company has completed construction and lining of new 9-hectare pond which adds up to already existing 10-hectare Stage 2 evaporation ponds, thereby bringing total of approximately 19 hectare of Stage 2 evaporation ponds in operation.
Pumping of lithium brine has been started into the new 9-hectare pond at the start of the peak summer solar evaporation season.
Upon completion of full Stage 2 pond construction works, total of circa 36 hectare of lithium brine evaporation ponds are expected to be operational.
With this update AGY fell 3.922% to $0.245 on 29 August 2018.
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