Argosy Minerals Limited announced further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 94% of the total works now completed for the development of the 2,000tpa lithium carbonate production operation. The Company remains on budget and is targeting to achieve first battery quality lithium carbonate product over coming months. The 2,000tpa production operation major works comprise three main phases, being design, construction and commissioning.

The design phase works (including engineering layout) are fully complete (100%); The construction phase works are 97% complete; and Plant commissioning works are 45% complete. The construction phase comprises the process plant, equipment and associated installations, earthworks and site facilities (including additional camp development and associated site infrastructure), and expansion of the brine system (pumping station, plant settling ponds), with; earthworks/land movements completed (100%); 98% of site works completed (comprising site camp/accommodation, laboratory, office, and other works); brine system works completed (100%) (comprising pumping station and plant settling ponds works); 97% of the process plant completed (comprising plant equipment acquisition, installation and plant warehouse works); and 94% of utilities and associated services (comprising vapour system, communication system and ancillary services works). The commissioning phase works comprise and have progressed with; 93% of raw materials procurement/acquisition; 82% of operations personnel recruitment and development conducted; and 8% of plant and equipment commissioning tests performed.