AGY 0.00% 3.5¢ argosy minerals limited

Question is, are we going to start with 2,000tpa or go straight...

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    Question is, are we going to start with 2,000tpa or go straight to 10,000tpa.... keen to find out

    The SARs will vest as follows:
    • Tranche 1 (1,500,000 SARs): to vest immediately;
    • Tranche 2 (3,500,000 SARs): to vest upon the Company obtaining the full funding
    required to develop the commercial scale stage of the Rincon Lithium Project as determined by the Board subject to the consultant/employee remaining employed/engaged as a consultant on the vesting date;
    If full funding for the development of the commercial scale stage cannot be secured in the first instance, the vesting conditions for Tranche 2 (3,500,000 SARs) will be as follows:
     1,500,000 SARS to vest upon the Company securing funding for the construction of
    a processing plant with capacity of 2,000tpa LCE product subject to the consultant/employee remaining employed/engaged as a consultant on the vesting date;
     2,000,000 SARs to vest upon the Company securing funding for the development of the commercial scale stage (being an operation of 10,000tpa LCE product) subject to the consultant/employee remaining employed/engaged as a consultant on the vesting date.
 
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