AGY argosy minerals limited

Ann: Rincon Lithium Project Drilling Update, page-73

  1. 14,697 Posts.
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    I strongly doubt that this will influence the permitting process, let alone be a prerequisite as another poster suggests.
    Prior (current) acquifer modelling with drawdown etc due to brine extraction will not be significantly affected by additional resource identified below the current target units, afaik.
    In other words, I do not think that identifying more brine at deeper levels is particularly relevant to the govt wrt the 10ktpa expansion permits, and the assessment of the impacts of extracting brine for that 12ktpa total operation.

    Perhaps others can clarify - @blacktrade ?

    Deeper production wells might be relevant here, depending on various factors too.

    The larger resource will of course be used to model the behaviour of a larger operation, and whatever subsequent EIA reports are developed targeting further expanded production.

    Definitely positive news imo, and afaict will feed into a larger future production scenario (25ktpa?) presented in the updated feasibility study in the coming months. That’s my expectation anyway.


    imo
    Dyor
 
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