Argosy Minerals Ltd.

Argosy Minerals Ltd. is a junior lithium development company headquartered in Perth, Australia, operating primarily in South America. The company's portfolio consists of 2 projects, comprising 1 development and 1 advanced exploration project. Key assets include Rincon. The company is a development-focused entity concentrated on advancing its assets toward commercial production. Its business model is centered on a partnership with a pre-eminent processing expert, utilizing a proprietary and validated process technology and flowsheet to produce a high-purity product. This approach has been demonstrated through the successful operation of a demonstration facility. The organization is highly leveraged to the forecast growth in the battery sector and aims to build a sustainable production company. A key operational characteristic is the modular development strategy, where initial smaller-scale production is intended to form part of larger future operations. The company also maintains a secondary exploration asset in a stable jurisdiction to provide strategic positioning and diversification. This dual-asset approach balances a near-term development focus with long-term exploration potential.

Strategic priorities are centered on advancing the flagship asset to a construction-ready stage through the completion of engineering and feasibility works. The organization's approach involves a systematic de-risking of its primary development project to confirm its long-term sustainability and commercial significance. A key objective is to progress the regulatory approval process for future production expansion. Management is actively pursuing strategic partnerships for off-take agreements and capital expenditure funding to support the next phase of development. The strategy also includes considering new strategic project opportunities and acquisitions to build a sustainable production company. A core element of its financial strategy involves managing capital prudently, as evidenced by the suspension of demonstration operations in response to market conditions to preserve capital. Future activities will require substantial further financing, which may involve equity or debt arrangements.

Executive leadership is headed by a Managing Director with over 25 years of experience in the mineral and resources industry, who is also a Chartered Professional Geologist. The board of directors consists of 5 members, including the Managing Director, a Non-Executive Chairman, and 3 Non-Executive Directors. Board oversight is structured through an Audit and Risk Committee and a Remuneration and Nomination Committee, with director attendance at meetings formally tracked. The Non-Executive Chairman brings over 45 years of corporate, management, and marketing experience in the resources sector. Other directors contribute expertise in engineering and construction, mining engineering, and corporate governance. The employment conditions for the Managing Director are formalized in an executive service agreement that includes specific notice periods for termination and post-employment non-competition and non-solicitation covenants for a 12-month period.

The corporate structure is centered on a joint venture partnership with a pre-eminent processing expert, Pablo Alurralde, for the development of its flagship asset. The company holds its interest in this primary project through a 77.5% stake in the operating entity, Puna Mining S.A., with a pathway to increase ownership to 90% upon meeting specified funding requirements. In 2024, the company secured a US$5 million strategic investment from Amperex Technology Limited, a world-leading producer of lithium-ion batteries, through a placement of over 51 million shares. This established a key strategic stakeholder relationship. The group also maintains a wholly-owned subsidiary, Argosy Minerals US Inc., which holds the company's exploration interests in a separate jurisdiction. There are no other material mergers, acquisitions, or joint ventures disclosed for the period.