Ann: ARGOSY MOVES TO COMPLETE OPTION PURCHASE, page-12

Hi all thanks for your feedback

Appreciate stage 3 for Ricon is looking between 5,000 - 10,000 tpa

For the amount of LCE to a hectare I used the following tweat as a proxy

Michael Langford‏ @ML_SuperNinja May 21
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In #Chengdu with #brine experts. Rule of thumb: 100 tons of #lithium #carbonate can be produced from each hectare on average in Argentina.

However, the question for me now becomes is this 100 tonnes per annum or over longer period i.e. the life of the pond, how many times are the ponds re-used etc? Are the ponds turned over every 12 months etc?

Further the other question is what is the maximum LCE that can theoretically be produce from 1289 Ha per annum?

Appreciate that AGY is in its infancy, and need to walk before they run, but wanted to put some context together as to what the potential is here as a LT holder and what the next 5-7 years could look like, as other developments potentially come on stream. I am not here to day trade and fret over a few cents at this stage of the game.

Thanks
Esc