AGY argosy minerals limited

Ann: Argosy Moves to Complete Option Purchase, page-7

  1. 537 Posts.
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    This is the big part for me:
    "Strategically, Mina Tincal adjoins the Company’s northern tenements into one combined collective group, allowing the Company to apply for "Mining Group" status for the purposes of regulatory applications for exploitation permits, ensuring no land gaps, especially important during lithium brine pumping operations and piping layout into the Stage 2 evaporation ponds currently under construction, and most significantly, increases the overall scale of potential lithium brine pumping capacity. "


    The ability to apply for Mining Group status is big for us. The market probably won't react as they should to this announcement, but hey, it's their loss. If this announcement doesn't trigger the next leg up then its only a delay of the inevitable.
    Last edited by winesy108: 24/11/17
 
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