2,000tpa operation commissioning and ramp-up phase works progressing, with full ramp-up toward steady-state production operations targeted from end Q2-CY2023

Current production trials produced over 10 tonnes of battery quality lithium carbonate product (average 99.79% purity) from batch operations during commissioning and ramp-up phase works

Carbonate Market:

a quick look at the chart

Lithium Carbonate 99%Min China Spot Chart - Investing.com AU

We look forward to achieving many more significant milestones in 2023 as we transform into a cashflow generator, capitalising on lucrative lithium carbonate prices via upcoming product sales revenues, leading to a significant near-term growth phase for the Company.”

Strong cash position, to be boosted by sales at record lithium prices from 2,000tpa production operations Building a team of experienced and proven lithium sector operators in Argentina, combined with key executive appointments in Australia Becoming only the second commercial lithium carbonate producer on ASX Clear growth and development pathway with strong strategic interest to fund 10,000tpa expansion operation

slides:  Investor Presentation - Macquarie WA Forum 29/11/22 08:14

The 2,000tpa lithium carbonate operation construction works in-progress, with first commercial production of battery quality Li2CO3 product targeted during Q4-CY2022;

No Dividend yet,

28/7/22 Cash reserve $36Mill

2924-02546195-6A1101487 (markitdigital.com)

Announcement this morning.

Drilling recommencing at Rincon.

Rincon - Initial 2,000 tpa Li2CO3 production From Q3-CY2022

• Release Date: 31/05/22 15:08
• Summary: 2022 AGM Presentation
• Price Sensitive: Yes

Then 90% ownership at 10,000tpa ..Then 12,000tpa

Some slides below:

For the carbon neutral theory:

Lithium Carbonate at depth of 102.5m to 300m below ground level ..507,000T to 724,000T

see how AGY trades today..

at 4/1/22: Rincon 2,000tpa Li2CO3 Operational Update ( was price sensative )

Summary

Argosy Minerals advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 53% of the total works completed for the development of the modular 2,000tpa lithium carbonate production operation. The Company remains on schedule to achieve first production of 99.5% battery quality lithium carbonate product from mid-2022. The 2,000tpa production operation major works comprise three main phases of works, comprising design, construction and commissioning. The design phase works (including engineering layout) are complete (100%), the construction phase is currently at 55% completion, whilst plant commissioning works (comprising raw materials acquisition and tender works) are 13% complete.