• Advancing 12,000tpa project development engineering and feasibility works
• Executing 40MW energy infrastructure agreement to power Rincon Project
• Securing spot sales contract for 60 metric tonnes of battery-quality lithium carbonate

Argosy Minerals Limited continued development works at the Rincon Lithium Project in Argentina, achieving significant milestones during the quarter. The company is progressing the 12,000tpa project engineering and feasibility works, including optimizing the chemical process flowsheet, refining the evaporation pond system design, and improving lithium recovery and processing efficiency. Argosy also executed an agreement with the Salta Electricity Distribution Company to develop energy infrastructure capable of supplying up to 40MW of power to the Rincon Project, securing a reliable energy solution. Additionally, the company executed a spot sales contract for the sale of 60 metric tonnes of battery-quality lithium carbonate product from the Rincon Project. Argosy is working to secure a strategic partner to provide financing support for the 12ktpa project development. The company also holds the Tonopah Lithium Project in Nevada, USA, and recently completed a $2 million placement to support its ongoing initiatives.

The company does not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company does not provide any forward-looking outlook statements in the announcement.