Ann: Rincon Lithium Project Update, page-118

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billyen

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06/03/19

12:20

Post #: 37670093
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Originally posted by scibble ↑

Hey Bill,

I quizzed him in late January on how much brine had been produced, where it is stored , can it be stored without degrading, etc

Basically in a nut shell his reply was that;

- we are producing as much brine concentrate as is outlined in our September Quarterly

-Concentrated brine stored at pond site (Rincon) until required at pilot plant

-Concentrated brine can remain for a prolonged period in the ponds at Rincon ( no specific time frame given)

- When stored at pilot plant ( in a pond) awaiting processing it is covered to maintain concentration levels

- Even though (currently) we can now produce between 1500-2000tpa of lithium brine concentrate, the current pilot plant cannot process this amount ( we should know it was only ever designed for 500tpa - stage one) I can only presume that any surplus will be stored at Rincon and await processing as further processing equipment comes online.

Always good to have some on stand-by for a rainy day I guess

these are a few summarised ( In my words) answers.

Sheds some light on a few of the Q's you had.

Regards

Scibble

Expand

Thanks for that.
Hmmm...makes sense to take the finished brine out and pump more in to let the sun do it's thing?
(I'll assume Plabo has it sorted as pond time isn't being wasted on OT/funding hold-ups)

Anyways...AGY is more about a OT than a few tons of wasted brine.
Glad to see holders poking him with questions.

I'd assume a OT deal would happen BEFORE a AGM or they'll have trouble getting anything passed. SH aren't going to wait for "hook or crook" comments...We need RESULTS...pure and simple.

Money in the TILL or voting could get intense.

IMO
DYOR!!

AGY Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
21 Upvote

3 Great analysis

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