• Progressing 12,000tpa project development engineering and feasibility works
• Significant progress with 40MW energy infrastructure to power Rincon Lithium Project
• Successful lithium carbonate spot sales contract executed

Argosy Minerals Limited continued development works at the Rincon Lithium Project in Argentina, achieving significant milestones during the Quarter. The Company is progressing the engineering and feasibility works for the 12,000tpa project, targeting a final investment decision and to develop and commercialise the Rincon Lithium Project. Detailed analysis of chemical process solutions was completed and confirmed the priority, with testwork validation being conducted to verify process performance. The Company achieved significant progress on the energy infrastructure development, with the Salta Electricity Distribution Company S.A. completing detailed engineering and feasibility works on the Medium Voltage Line Project to supply up to 40MW of energy to the Rincon Project. The Company executed a Spot Sales Contract for the sale of 16.1 metric tonnes of lithium carbonate product from the Rincon Lithium Project. The Company continues to assess and review opportunities for strategic arrangements, off-take, funding, and investment to develop the 12ktpa project. At the Tonopah Lithium Project in Nevada, USA, the Company will review its exploration approach and budget to determine its plan for evaluating the lithium brine potential. Lithium carbonate prices continued their upward surge during the quarter, reflecting improved demand across the lithium supply chain. The Company remains in a strong financial position with cash reserves of ~$4.26 million at 31 December 2025.

Argosy is targeting a final investment decision and development of its 12,000tpa lithium carbonate project at the Rincon Lithium Project in Argentina.

Argosy will review its exploration approach and budget for the Tonopah Lithium Project in Nevada, USA, to determine its plan for evaluating the lithium brine potential, and assess options and pathway for developing the project.