Ann: Stage 2 Drilling and Works Update, page-122

@Choseright I think you and @Fixit are in the wrong game investing in spec stocks.

Since you are unwilling or unable to DYOR, here's a real quick summary.

What we know about processing:

From Ann: Asian Roadshow Presentation 6/9/17:
Pilot plant construction due December quarter, 2017.
Stage 1 works progressing – on schedule to produce first battery grade LCE product during March 2018 Quarter – Targeting up to 500tpa LCE product via lab pilot plant – Lab pilot plant design completed and site acquired (even gave us an updated process flow!)
Stage 2 larger scale pilot plant designed, construction to commence in Q1, 2018.
Pablo Alurralde: With chemical solution to extract lithium from brines at Rincon. Successfully produced lab-scale LCE product from Salar del Rincon historically.

From Ann: More ground for Rincon Lithium Projects (23/08/2017)
Mina Romulo provides a contiguous area of a scale that can be utilised ... to situate a large scale plant in the same location and within close proximity to Argosy’s existing tenements within the Salar del Rincon.

From Ann: Quarterly Activities Report (28/07/2017)
The Company has progressed with refurbishment of the industrial warehouse site, where the Stage 1 lab-scale pilot plant will be constructed and operational to process the lithium brine concentrate, with targeted production of LCE product during Q1, 2018.

What we know about resource size:

From Ann: Asian Roadshow Presentation 6/9/17:
Extensive historical works conducted within Salar del Rincon – Average lithium brine content of 300-400ppm (Ferretti,1989). Historical drilling & associated works indicate average lithium content of 397ppm (Ovejero Toledo, 2007)
Drilling planned, targeting delineation of JORC-compliant Resource in Q4, 2017

From Hallgarten & Company report: Rincon Lithium (June 2008)
Given our total tenements of 1289Ha I calculate estimated LCE reserves of 360kt.