• Offer of up to 40,000,000 Placement Options to Placement Participants
• Offer of 7,500,000 Lead Manager Options to Evolution Capital Pty Ltd
• Funds to be used for Rincon project, Tonopah Lithium Project, and other corporate requirements

Argosy Minerals Limited is offering up to 40,000,000 Placement Options to Placement Participants and 7,500,000 Lead Manager Options to Evolution Capital Pty Ltd (collectively referred to as the 'Options'). The Placement Options are being offered on the basis of 1 free-attaching Placement Option for every 2 Placement Shares issued to Placement Participants under a previous $2,000,000 placement. The Lead Manager Options are being issued to Evolution Capital Pty Ltd for their services as lead manager to the placement. The funds raised from the Placement, including the exercise of the Options, will be used for the ongoing 12ktpa Rincon engineering/optimisation and feasibility development works, strategic plans for the Tonopah Lithium Project in the USA, exploring other opportunities, working capital and corporate requirements. The Options offered under this Prospectus are not open to the general public and can only be applied for by the Placement Participants and Evolution Capital Pty Ltd. The Offers open on 21 July 2025 and close at 5:00pm (WST) on 29 July 2025, unless extended or closed early at the discretion of the Company.