AGY 9.33% 8.2¢ argosy minerals limited

Ann: Rincon 2,000tpa Li2CO3 Operations Update, page-114

  1. 13,632 Posts.
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    Gday spinc,

    there’s a key error there; the LiCl eluate has a higher concentration than the brine. It is the product of their DLE process.
    iirc they would need circa 120kL of this eluate to produce their 2500kg LCE target.
    On a side note, simple calcs indicate that to meet their 50,000tpa pipe dream “base case” (lol), they would need to extract over 50 Billion litres of brine per year, and REINJECT over 50 Billion litres of brine back into the ground. Per year.
    Let that sink in. Reckon they’ll get permits in a hurry? LMAO
    Plus who is going to fund ++$1B based on sh!tty pilot plus lab work?
    They will stage production, at best, and might produce in 2027 if they are lucky. Long road ahead; long truth-telling orphan period….

    meanwhile, AGY produces tonne after tonne after tonne…
    Last edited by GCar: 04/04/23
 
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