AGY 2.08% 12.3¢ argosy minerals limited

Ann: $30M Placement to Fund 2,000tpa Production, page-3

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    HIGHLIGHTS
    Argosy has received firm commitments to raise $30 million through a significantly
    oversubscribed Placement supported by high quality institutional investors
    Rincon Lithium Project now fully funded through to 2,000tpa lithium carbonate
    production and cash-flow generation
    Argosy’s exclusive and proprietary environmentally clean chemical process
    technology is producing high purity battery quality lithium carbonate acceptable
    for high-specification international markets
    Funding enhances planned next stage 10,000tpa scale development of Rincon
    Lithium Project
    Proceeds from the Placement also applied to:
    Rincon 10,000tpa operation feasibility and development works
    Exploration at Tonopah Lithium Project in Nevada, USA
    Strategic opportunities and acquisitions
 
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