Hot off the press - AGY related media, page-8

https://mp.weixin.qq.com/s/Odgmb-T12ch0P72vMxFb9A

Chinese media Coverage ... 10,000t LCE 2019! Now is where the SP really gets up.. flow on investment from China

"Argosy Minerals said after the signing of a binding agreement by a mysterious technology company, the stock gained strongly, rising 35% to 10.5 cents in early trading and a market capitalization of $ 62 million.


(Agossa in Argentina Lin Kang lithium project picture from the official website)

Agossa said that it has signed a binding investment and acquisition agreement with Qingdao Qiankang Gaoke New Materials Co., Ltd. which is "rapidly growing". Ago through the issuance of shares and 1-year purchase of advance payment, in advance from the hands of dry transport in Qingdao was 26.4 million Australian dollars.

It is said that this amount exceeds the spending budget of Agosa in the second phase of the Rincon lithium project in Argentina.

Citing the listing of the listed company: "The pre - payment of the cornerstone investment and the signing of the signed purchase agreement ensures the implementation of the strategy to build Agosa into a commercial lithium project.

The stock market reacted positively and opened up more than 53% soon.

Qingdao Qianyun also invested in the lithium mine project of Mineral Resources, another lithium mining company listed on ASX ASX, to purchase the direct-running spodumene ore from the Pilbara region of Western Australia (DSO).

The Agossa project in Linkang includes two phases: the first stage produces 100-150 tonnes of lithium carbonate per year, and the second stage increases production to 1000-1500 tonnes per year.

The future is expected to increase production to "fully commercialized lithium carbonate", the specific implementation of the decision will be completed in the first quarter of 2019.

The final development will cost about $ 130 million and is expected to produce 10,000 tons of lithium carbonate per year.

Qingdao dry transport equity investment Agos 16.9 million Australian dollars, 8.5 cents per share, after the completion of the Agossa will have 19.9% stake."