Independently prepared assessment of long-term pumping data at Rincon Lithium
Project confirms positive results exceed previous results used in PEA
Aquifer transmissivity at Rincon production bore PRP1 is estimated to be
7,500m2/day after 120 days of pumping – permeability may be >2.5 times higher
than assumed for the PEA
Assumptions adopted in PEA found to be conservative – bore has performed better
than expected
Results increase confidence that overall aquifer performance will outperform PEA
modelled pumping data
Scope to refine the design to have fewer production bores or increase production
Results provide further support for planned long term commercial scale
development of Rincon Lithium Project.
Also if you can manage to get 99.999% lithium carbonate from cow manure and turn a profit im keen to throw some $$ in.
AGY Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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