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Argosy Minerals upgrades, hikes Rincon lithium resource by 18%

An updated estimate increased resources at Argosy Minerals Ltd.'s Rincon project in Argentina by 18% compared to the maiden resource estimate completed earlier in the year.

The company said Nov. 13 that the property now hosts 245,120 tonnes of contained lithium carbonate, all of it in the indicated category. The resource was estimated to a vertical depth of 102.5 meters and calculated from results of 21 drill holes.

The resource and brine aquifer remain open at depth, with scope for resource expansion from additional deeper drilling and continued tenement acquisitions.

Argosy noted that the upgraded resource exceeded its expectations and will form part of its upcoming preliminary economic assessment for the project.