Argosy Minerals Limited announced the maiden JORC Code (2012) compliant Mineral Resource estimate for its Rincon Lithium Project, located in Salta Province, Argentina.
The Mineral Resource estimate indicates 207,957 tonnes of contained lithium carbonate equivalent (LCE) product is estimated to occur within the brine aquifer(s) from the Company’s Rincon Lithium Project.
Argosy Managing Director, Jerko Zuvela said “We are very pleased to deliver a JORC Maiden Resource estimate resulting in an approximate 208,000 tonnes of LCE Product within the Project area.
We are very confident the Resource estimate will support our Project production targets that we expect to report within our Preliminary Economic Assessment, and together with additional drilling works will also enable future upgrades to the maiden JORC Mineral Resource.
The Resource estimate further validates the Company’s fast-track development strategy to fully develop the Rincon Lithium Project toward commercial production. We are committed to building a sustainable lithium production Company.”
The following hydrogeological works are planned and/or in progress with respect to brine aquifer investigations in association with the PEA works currently in progress:
- Deep bore pumping tests to determine the dynamic hydrogeological properties of the brine aquifer; and
- Shallow exploration and test bores with pumping tests, to provide more information on geological and hydrogeological properties of the fractured halite aquifer.
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