Response to ASX Aware Letter

• Argosy Minerals received a formal approach from Evolution Capital to assist with a potential capital raising
• The capital raising was successfully completed prior to market open on 7 July 2025
• Argosy Minerals requested a trading halt on 4 July 2025 to facilitate the capital raising

Argosy Minerals Ltd (ASX: AGY) has responded to an ASX aware letter regarding a $2 million capital raising that was completed on 7 July 2025. The company received a formal approach from Evolution Capital at approximately 5:35pm (AEST) on 3 July 2025 to offer the opportunity to assist with a potential capital raising. Subsequent discussions led to Evolution Capital issuing a formal mandate proposal to AGY at approximately 8:58pm (AEST) on 3 July 2025, with the terms agreed and the mandate signed by both parties at approximately 9:40am (AEST) on 4 July 2025. AGY then requested a trading halt at approximately 9:53am (AEST) on 4 July 2025 to facilitate the capital raising. The capital raising was successfully completed prior to market open on 7 July 2025, with the placement subscribers confirmed. AGY was not in a position to make any announcement as to completion of the capital raising prior to 7 July 2025, as the proposed capital raising was an incomplete proposal when the trading halt was requested. AGY confirmed that it is in compliance with the Listing Rules, including Listing Rule 3.1.