Argosy's Argentina lithium project to produce 10 000 t/y, PEA shows

A preliminary economic assessment (PEA) of the Rincon lithium project, in Argentina, has estimated a 16.5-year mine life based on the production of 10 000 t/y of high value lithium carbonate.

ASX-listed Argosy Minerals on Wednesday reported that the PEA estimated a pre-tax net present value of $399-million and an internal rate of return of 53%, with the project to cost some $141-million to develop.