AGY 0.00% 3.7¢ argosy minerals limited

Ann: Rincon Lithium Project - Maiden JORC Mineral Resource, page-319

  1. 1,254 Posts.
    lightbulb Created with Sketch. 781
    Just noticed we have a few LPI twits with nothing better to do than talk rubbish on twitter and IMO they clearly don't have a basic grasp on li brine processing and the steps involved.

    From my own research & discussions with JZ here is my basic understanding:

    It is commonly known that the purpose of the pond evaporation process is to concentrate the raw brine to a desired ppm of circa 6% (6000ppm) as well as remove some of the impurities.
    So basically with Rincon averaging between 300-400ppm we have a comparatively below avg raw brine concentrate that just takes a little more time to evaporate down to the desired 6% level.

    SO how do you counteract this slightly longer evaporation process to achieve 6% concentrate.... pretty simple, just build more / bigger ponds to ensure sufficient concentrated feedstock.

    Given the comparative discounted rate per Ha at which the company has secured its tenements at Rincon, this will more or less even out any additional Capex cost in the long run.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
3.7¢
Change
0.000(0.00%)
Mkt cap ! $55.32M
Open High Low Value Volume
3.9¢ 3.9¢ 3.7¢ $39.79K 1.038M

Buyers (Bids)

No. Vol. Price($)
1 226 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 551 1
View Market Depth
Last trade - 15.58pm 09/08/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.