I like esp. this:
With the 2,000tpa operation fully funded and progressing toward production operations,
and the Company’s nil debt position, Argosy has the financial flexibility to assess varying
strategic investment and off-take proposals to ensure a favourable outcome for future
project expansion beyond the next stage 12,000tpa capacity, and cooperation
opportunities for mutual strategic and economic benefit.
In addition, the Company received regulatory approval to construct an additional 20
hectares of evaporation ponds, which are currently in construction. The initial 10-hectare
primary pond has been constructed and is commencing brine pumping operations. The
remaining ponds are due for construction completion by the end of this quarter.
The Company is also conducting pre-development works for the 10,000tpa operation, with
renewable energy/power sourcing arrangements progressing, continuing drilling operations
for industrial water usage, and preparing engineering/scheduling works.Being as tight as and prudent in their spending as Jerko and Team Argosy are, there is no way they would proceed with those works if there was not a 99%+ certainty that they'd get the 10kta approval.
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- Ann: Quarterly Activities Report - December 2022
Ann: Quarterly Activities Report - December 2022, page-17
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