Updated 60T Lithium Carbonate Spot Sales Contract Executed

• Spot sales contract for 60 metric tonnes of battery quality >99.5% lithium carbonate
• Fixed sales price referenced from SMM battery grade lithium carbonate price
• Delivery terms FOB Buenos Aires port, with 30% deposit and 70% balance prior to ship loading

Argosy Minerals Limited (ASX: AGY) has signed a Spot Sales Contract with a Hong Kong based chemical company - Hong Kong CB Supply Chain Co., Limited, for the sale of 60 metric tonnes of battery quality >99.5% lithium carbonate product produced from the Company's Rincon Lithium Project. The agreed fixed price was referenced from the SMM battery grade lithium carbonate price, with delivery terms being FOB Buenos Aires port and payment terms requiring a 30% deposit and the 70% balance required prior to ship loading. Argosy will prepare and package the cargo for delivery to port. The company noted that it was pleased to receive strong interest for the sale of its battery quality lithium carbonate product, and that it will be a strong beneficiary of the EV/lithium sector resurgence given the significant development milestones achieved at the Rincon Lithium Project. The company advised that there are no material conditions that need to be satisfied prior to proceeding with the Spot Sales Contract.

The company noted that it will be a strong beneficiary of the EV/lithium sector resurgence given the significant development milestones achieved at the Rincon Lithium Project.