General Discussion AGY, page-15913

Here are some comments wrt feasibility studies, from an interview with JZ:

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Q: Argosy’s approach is different to its peers. Lake Resources (ASX:LKE) has a huge 4.4bn tonne resource. Galan (ASX:GLN) is a bit the same. Both are going through the process of putting out PFS’ and DFS’, talking about offtakes.
AGY hasn’t really done any of that.
Do you think this makes it hard for investors to get a sense of what AGY is about, and the amount of money you could potentially be making?

A: “Like you said, it is not conventional, and probably hard for investors to understand a little bit,” Zuvela says.

“But we are looking to build a long-term sustainable company and operation; to us, this is the way to do it.

“You mentioned resources. Pablo worked at FMC for 15 years and they never drilled a bore. They don’t have a resource.

“Obviously, feasibility studies are important, but again — you are relying on a flow sheet or a chemical process that no one has ever tested operationally before.

“We have seen feasibilities fail in the past in this industry. For us, the best feasibility is to build an operation.

“Anyone can make anything work in a lab. You want to make it work on an industrial scale.

“You can then modify your technology before you go and spend big dollars.

“[Our approach] is unconventional, and not the pathway that investors like to see but we believe in our strategy, our expertise and experience. We think this is the way to do it.

“We are looking to build real value out of a real operation that works really well.”