From todays AFR article on lithium...
"Argosy is set to buy two brine projects in the "lithium triangle" region of Argentina. The triangle is in the arid northwestern corner of Argentina, a good region for lithium because several explorers are developing prospects there already.
Which raises a point. A main cause of the enthusiasm for lithium is Tesla's move to build a lithium-ion battery plant in Nevada which at its peak will require 25,000 tonnes of lithium compounds a year. There are now dozens of companies around the globe trying to develop lithium mines.
Pretty obviously, they're not all going to succeed. The winners will be (1) those who are already producing and (2) maybe the first of the rest to start producing.
The big winners look like being the Chinese who have already grabbed control of Greenbushes, which last year supplied about 40 per cent of the world's lithium demand. So if you're going to punt, find the mines which are going to come on quickly."
With Ekekos' pilot plant, equipment and experience in the area Argosy should be one of the first hopefully. Drilling starts immediately after DD.
AGY Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
