Argosy Minerals (ASX:AGY) is pleased to advise that it has completed satisfactory due diligence on the Mina Reyna Mining Title, granting the company the exclusive right to purchase this strategic tenement during an 18-month period via the executed binding option agreements with tenement vendors- Colorado SA, Reina Adela Calpanchay/Cesar Augusto Cruz, and Martin Viveros. Argosy has resolved to pay the combined $500,000 option fee to the vendors.
As quoted in the press release:
Argosy Managing Director, Jerko Zuvela, commented: “This acquisition supports Argosy’s intent, determination and potential scale to continue its aggressive development strategy to fast-track toward production of LCE product. The increased nature of our Project appeals to potential interested strategic parties. We are committed to building a sustainable lithium production company.”