Stage 1 Development Work Progressing at Argosy's Rincon Lithium Joint Venture

Argosy Minerals Ltd. (ASX:AGY) announced that it has made further progress on Stage 1 development work aimed at producing a laboratory-scale quantity of lithium carbonate equivalent (LCE) product at its Argentina-based Rincon lithium joint venture.
As quoted in the press release:

In addition, the Company and its Strategic Adviser, Airguide International Pte Ltd have made progress towards formalising an investment proposition for the Stage 2 funding and executing a binding investment agreement with the MOU parties. The MOU parties are currently conducting their due diligence process and reviewing the dataroom established for this purpose. The MOU parties have expressed a desire to progress this as quickly as possible.

Jerko Zuvela, managing director at Argosy, commented:

The Company is delighted at the rate of progress on the Stage 1 development works and looks forward to continuing our aggressive development strategy to fast-track toward production of LCE product.

Click here to read the full Argosy Minerals Ltd. (ASX:AGY) press release.