Ann: Half Year Accounts, page-5

"During the reporting period and to date, the Company made substantial progress at the Project, with progress on the major
project milestones being:

 2,000tpa lithium carbonate operation commissioning and ramp up works progressing.
 ~30 tonnes of battery quality lithium carbonate product produced during operations to date.
 Argosy to become the 2nd ASX-listed battery quality lithium carbonate producer.
 Progressing Environmental Impact Assessment approval process for development of an additional 10,000tpa
lithium carbonate operation.
 Commenced pre-development works for the 10,000tpa operation expansion.
 Resource expansion & production well drilling works completed – targeting to materially expand current JORC
Indicated Resource, increase project mine-life and future annual production capacity.
 Positive progress with strategic partner arrangements for off-take and capex funding for 10,000tpa operation
expansion.
 Renewable energy to power Rincon’s clean lithium technology with low energy use & raw water consumption for
a low emissions / low carbon footprint operation.
 All chemical process technology validation and verification works have been successfully completed, confirming
the Company’s capability to produce battery quality lithium carbonate product at commercial scale.
 Salta government provided their support for the full development of the Rincon Lithium Project following meetings
with Salta government officials.
 Positive and successful CSR program initiatives continued at Rincon Lithium Project.
 Strong international lithium carbonate price outlook supporting positive lithium market sentiment, enabling
potential to realise Argosy’s growing lithium production development strategy."