"During the reporting period and to date, the Company made...

"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."