AGY 3.57% 13.5¢ argosy minerals limited

Stick to the facts.You said:"It's very simple. The pilot plant...

  1. 13,227 Posts.
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    Stick to the facts.

    You said:
    "It's very simple. The pilot plant did not work. Any attempt to say otherwise is completely transparent nonsense, whether it's from a deliberate liar or a deluded person."
    "The pilot plant didn't work."
    "the dismal results of the pilot plant"
    "They made a plant which didn't work then built a larger one which also doesn't work."
    "the pilot plant clearly did not work"
    "it does demonstrate that they lied about the pilot plant. They told us the pilot plant had done its job,"
    "supposed to demonstrate that their method worked and they knew how to do it but it never produced at more than a tiny fraction of nameplate before they gave up, mothballed it"
    "Assuming they aren't telling us even more extreme lies than they did with the pilot plant"
    "the pilot plant was abandoned literally years ago and doesn't seem to have done it's job. This is a fact."
    "The pilot plant itself was never demonstrated to work in a meaningful way."
    "they mothballed it when it had only operated at a small fraction of nameplate"
    "they gave up on it years ago without bothering to sort out the filtration system"


    Want more?


    This is all clearly a reflection of your own naive beliefs and flawed understanding of the intent and capability of the pilot plant. Simple.

    You are relying on flawed layperson logic that claims the pilot plant was a failure / "didn't work" simply because:
    "all these years later we still don't have a filter which can handle more than....."
    and
    "They told us the pilot plant had done everything it was supposed to and as we now know, clearly they lied, because if they had got the pilot plant working, they wouldn't be faffing around.."

    BTW, I use the term "layperson" exactly for what it means: "a person without professional or specialized knowledge in a particular subject"

    FACTS:

    What was the purpose of the pilot plant?

    https://hotcopper.com.au/data/attachments/6066/6066509-779f97aa9530bee99d8b0b3fc2f642cf.jpg

    https://hotcopper.com.au/data/attachments/6066/6066527-9c72b6fea4feff245aa3aad56a22dfb8.jpg

    https://hotcopper.com.au/data/attachments/6066/6066554-8da0429844e9f13e15fc6c57a7dcc9fc.jpg


    The intent of the industrial scale pilot plant was to demonstrate the effectiveness of the proprietary process for BG production, at a suitable scale (using suitably sized/representative equipment and processes) to significantly REDUCE the risk of the next scale operation.

    TICK.

    It was NEVER planned or claimed that EVERY aspect of the 2kpta plant would be sorted out via the pilot plant work.

    It REDUCED the associated risk. It did NOT eliminate it.

    It DEMONSTRATED that our process could produce BG product from Rincon Brine, producing and selling dozens of tonnes.

    It significantly de-risked the progression to the 2ktpa scale plant.

    SIMPLE.


    As for "abandoned", "mothballed" and "gave up on it":

    We had 20 tonnes of BG carbonate on route to Korea for testing/qualification in Jan 2021.
    Weeks later we had funds for the 2ktpa plant build and set out immediately to commence that work.
    "Li pricing" at that time was circa $10k/t btw.
    You act surprised that they wound up "production" from the pilot plant, as they got stuck into the work to build the 2ktpa plant.
    You also naively assume that they could simply have persevered with the pilot plant to eliminate all of the risks of progression to the larger scale operation.
    WOW.


    WRT the 2ktpa filtration issues, you have said:

    "they're willing to lie about more progress having been made than has been"
    "zero evidence of progress"
    "there has been zero demonstrable sign of progress"
    "we have no signs yet of any improvement at all since the issues first popped up in the early stages of commissioning"
    "brought in external expert consultants, and we've now seen that those efforts were unsuccessful"
    "we now see that the external experts couldn't fix it"
    "no resolution in sight"


    Want more?

    Read the damn announcements. Resolving the issues takes time, and and you equating it not being fixed yet to lying about progress, the efforts of consultants being unsuccessful, there being no resolution in sight, etc. is utter nonsense. Absolutely baseless. It's embarrassing.

    Nov 2023:
    "The Company is progressing operational works at the 2,000tpa lithium carbonate facility
    targeting continuous production operations, with works focussed on the primary solids
    filtration circuit to improve filtration rates by resolving equipment performance issues. Key
    works involve upgrading filter cloths following test-works conducted with a specialist filtration
    group from Italy – with new cloths arriving to site for installation, and modifications to pump
    design and piping, located upstream and downstream of the filters, currently being
    performed. The Company is awaiting additional components to assist with some of the
    remaining scheduled works.
    The Company has identified and planned the critical works schedule to rectify and improve
    the performance of the 2,000tpa facility, with a target to increase production operations
    during Q1-CY2024."


    Dec 2023:
    "Following delivery and installation of new filter cloths, comprehensive test-works are currently being conducted,
    including flowrate variation and filter press plate configuration to assess the operability of the
    new cloths.
    The Company aims to determine the optimum operational parameters and achieve
    consistent and repeatable results during this test phase
    to then progress to ramping up
    production operations. In addition, receipt of ancillary parts and equipment for chemical
    preparation area modification works is being carried out whilst awaiting additional
    components to complete the remaining scheduled work plan
    ."

    Feb 2024:
    The continued focus of the comprehensive test-works remains within the primary solids
    filtration circuit, with filtration rates and product throughput improving consistently during the
    latest of the 82 trials completed to date. The test-work results are progressively advancing
    toward near-optimal operational parameters and achieving consistent results
    , providing
    encouragement for the progress toward ramping up production operations in the near term.



    It's not finished yet. So what?
    You interpret this as "no resolution in sight".
    WOW.

    Your gross exaggerations and generalisations (about the company's supposed lack of progress and supposed lack of prospects, as well as my posting history btw) are simply misguided and clearly flawed opinion; not supported by the facts.
    Continually repeating your assertions doesn't make them facts, regardless of how "popular" they might be.


    tooler said it well:
    Post #: 72924744
 
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