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

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