OVERVIEW
The Rincon Lithium Project currently comprises up to ~2,794 hectares of Mining Titles and mining easement landholdings at the Salar del Rincon in Salta Province, Argentina.
Argosy currently has a 77.5% interest in the entity that owns Rincon Lithium Project - Puna Mining S.A., with the right to move to 90% ownership in consideration for funding the 10,000tpa operation development.
The mining titles are 100% owned by Puna Mining and/or Argosy has legal, secure, binding and exclusive option rights to complete 100% acquisition of the properties.
The Project is located in the elevated and arid Puna region of Argentina and forms part of a number of highly mineralised salars in production and development.
The company has delineated a JORC resource at the project and completed a Preliminary Economic Assessment (PEA), which provided exceptional results. The PEA highlighted the project could support a 10,000tpa operation over a 16.5 year life of mine.
The Company completed a resource expansion exploration diamond drilling program materially expanding the current JORC Total Mineral Resource Estimate to 686,875 tonnes Li2CO3, with works being conducted to increase the current project mine-life and future annual production capacity.
The Project area is serviced by high quality infrastructure including access via all-seasons roads, electrical power, solar power, a terminus for a natural gas pipeline, and road and railway to Antofagasta port facilities in Chile.
SUMMARY
The Rincon Lithium Project is located in the world-class “Lithium Triangle” – the world’s dominant source of lithium production:
Stage 1 - Industrial Scale Pilot Plant
Stage 2 - 2,000tpa Lithium Carbonate Operation
Stage 3 -10,000tpa Lithium Cabonate Operation
NEAR TERM KEY MILESTONES