The Market Signal part of Profectus Solutions is pleased to bring you coverage of the biggest movers each day on the ASX. To access our daily updates and Free Research Reports please sign up by using the link below. Alternatively you can read this plus many other stories at www.themarketsignal.com
Free Report on the URL below
www.sectorreports.com.au/landing-page
Lithium Export
The 5 tonnes cargo scheduled for shipment marks an important milestone as the company joins an exclusive list of international lithium carbonate exporters. In addition to the proposed first shipment,
Likewise,
The company is eyeing new capital injection to commence construction and associated development works for its proposed 2,000tpa LiCo processing plant.
The new plant should allow the company to produce more high-quality lithium products tailored to product specifications of end-users. By producing good quality battery-grade lithium carbonate, Argosy limited should be able to elicit the much-needed demand in the market and consequently shrug off competition from other players. Likewise, the company should benefit over the longer term compared to other lithium companies.
Expansion Plans
The proposed shipment comes at a time when
In addition, the company is in the process of submitting the necessary applications as it looks to enlarge the commercial scale of the operation project. Based on current plans, the works should start mid this year. Likewise, the company has already acquired a 100% interest in a prospective Tonopah Lithium project in
Similarly, the company is progressing its strategic investor and off-take process as it continues to attend strategic meetings in
The milestones achieved so far continue to affirm the company's fast track lithium development strategy. Likewise, the milestones demonstrate long-term sustainability and progress toward commercial-scale development of its flagship project.
Argosy will also continue to monitor market dynamics and supply chain pressures. The ultimate goal is to limit pilot plant product operations to ensure cash preservation in case lithium prices tank. In addition, the company will continue to asses the scale for future pilot operations with focus and priority being on commencing construction and associated works as part of the 2,000tpa modular process plant.
For more stories, updates and research reports visit www.themarketsignal.com
Media Contact
Company
Contact Person:
Email: info@profectussolutions.com.au
Phone: +61385184106
Country:
Website: www.themarketsignal.com
Source: www.abnewswire.com
.
(C) 2020 M2 COMMUNICATIONS, source