• Feasibility and engineering works progressing successfully
• Strong validation of updated process flowsheet
• Significant infrastructure access advantage
• No key issues or unresolved flaws identified

Argosy Minerals Limited is providing an update on the feasibility and engineering works for its 12,000tpa Rincon Lithium Project in Salta Province, Argentina. The company has engaged international technology and engineering service providers to conduct the required engineering and feasibility works, including comprehensive testwork programs to validate the technology and process flowsheet. The testwork programs have provided strong validation of the updated process flowsheet's capability and have delivered critical engineering and operating data to support the Definitive Feasibility Study (DFS) design, equipment sizing, and economic evaluation. The project has a major location advantage with access to significant infrastructure, including grid power, industrial water, and transport, providing a major capital expenditure benefit. The company is excited with the positive results achieved thus far and is very positive about completing upcoming milestones for a successful DFS.