AGY 5.43% 8.7¢ argosy minerals limited

Ann: Quarterly Activities Report - December 2023, page-159

  1. 705 Posts.
    lightbulb Created with Sketch. 1527
    Um, lets zoom out of the trees for a minute.
    Remember the conversation a while back about whether we were producing all battery grade or some technical grade.
    Someone emailed JV who conformed the goal is the moonshot - 100% battery grade.

    Look at the Sept23 quarterly on 26-Oct-23:
    https://hotcopper.com.au/data/attachments/5927/5927025-8a862d7b3ed5b037dc2d4082d738ae1b.jpg
    https://hotcopper.com.au/data/attachments/5927/5927053-3053ba1200c88db03a55e6c63bc67926.jpg

    We then had two Ricon progress updates.
    17-Nov-2023:
    https://hotcopper.com.au/data/attachments/5927/5927033-a9153b3edec4b0d2ea2ed60e6e08a44f.jpg
    https://hotcopper.com.au/data/attachments/5927/5927054-d866cfdc849b63083914c061612643fd.jpg
    https://hotcopper.com.au/data/attachments/5927/5927101-695884549eb3db7707c054cc3bac52ec.jpg

    11-Dec-2023:
    No mention of becoming the 2nd...or of production volume. Regards rectification works:
    https://hotcopper.com.au/data/attachments/5927/5927086-8d5797c49ad3bee61a7768dab302a459.jpg
    Look at the Dec23 quarterly this week:
    https://hotcopper.com.au/data/attachments/5927/5927026-a70f60290421f4e0f9a15a5e31a3aeb7.jpg
    https://hotcopper.com.au/data/attachments/5927/5927048-a59ebd276d1c71dd8c33b00743020680.jpg
    https://hotcopper.com.au/data/attachments/5927/5927077-c8f29a5a303d04a41839a5c11831b4e1.jpg

    To me there is clear progression.
    Pre & Nov - Problems identified/solutions determined, equipment ordered/in transit
    Dec - New cloths in, ancillary parts being installed. Output minimal (better not mention it). Test works started with variations in flow rate & filter press configuration
    Jan - Equipment changes all but completed. Filter press plate configuration solved. We're down to tweaking the flowrate variation. Mention of output volume returns.

    That there has been a slight change to the commentary wording around 99.5% battery grade is IMO:
    * Simply showing the focus is still the moon and battery grade.
    Remember we've produced up to 99.9%, so there is considerable leeway for the perfectionists to dial back their moonshot and accept lower % and still be BG classed, if that means the PFSC is producing at or approaching nameplate & pumping $.
    Finish top of the EPL or bust, or dial it back a tad and go top 4 EPL and still qualify for Champions League & make $.

    Also, eventually comms move on.
    Like we're producing an organic product - does the customer want to know we achieved the cutoff by 4 points or two points, no they just want to know it's organic.

    * Responding to investor concerns about cut and paste/clarity.

    I think we're through the sleepless part of 'production hell' and on the cusp of the increasing output (at stockpiling/sellable, money printing %, whatever that turns out to be 99.9, 99.8, 99.7, 99.6 you get my drift).

    Looking forward to discussing something else wink.png
 
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