Argosy Minerals Limited · ASX:AGY
Argosy Minerals — Bell Potter Unearthed Conference (February 2024)
24 slides from Argosy Minerals's conference presentation, Feb 13, 2024
Slide 1: Argosy Minerals (ASX: AGY)
ASX: AGY www.argosyminerals.com.au
Slide 2: Building a Tier-1 Lithium Producer
Building a Tier-1 Lithium Producer • Well established & experienced team of technical operators in Argentina • Supported by strong technical and corporate team in Perth Experienced Team • Pablo Alurralde with +30 years industry experience, ex-FMC (Livent), patented lithium carbonate production • Ind
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Share Price vs Lithium Price 0.90 90.0 0.80 Lithium Price (US$/kg) 80.0 Shares on issue 1,404,407,498 0.70 70.0 Share Price (A$) 0.60 60.0 0.50 50.0 Share price 1 A$0.10 0.40 40.0 0.30 0.20 30.0 Market capitalisation 1 A$140 million 0.10 20.0 0.00 10.0 Cash 2 A$1
Slide 4: Rincon Lithium Project: Production in Argentina
Rincon Lithium Project: Production in Argentina Rincon Lithium Project located in the world-class “Lithium Bolivia Triangle” in Salta Province, Argentina Argosy currently owns 77.5% of Puna Mining S.A., moving to Olaroz - Arcadium Lithium 90% ownership upon development of 10,000tpa operation Ata
Slide 5: Lithium Demand Growth Continues
Lithium Demand Growth Continues 5
Slide 6: Lithium Supply Shortfall Looming
Lithium Supply Shortfall Looming Demand Growth Unprecedented New operations required to achieve product supply to meet demand in coming years 3.5 +213% 8.0 Secondary Brownfield expansion 3.0 7.0 Operating Base case demand 2.5 6.0 High case demand Mt LCE (weighted) Mt LCE Demand 5.0 2.0 4.0 1.5 +446%
Slide 7: New Operations Critical to Meet Demand
New Operations Critical to Meet Demand History Repeating 8.0 Secondary 7.0 Possible Challenging market conditions – lithium mines Probable Highly probable being suspended or reducing operations 6.0 Brownfield expansion Operating Base case demand Lithium prices move closer to the cost of 5.0 producti
Slide 8: Rincon 2,000tpa Operation Status
Rincon 2,000tpa Operation Status 8
Slide 9: 2,000tpa Operation Status
2,000tpa Operation Status Focus to complete ramp-up works toward production operations Key workstreams to achieve 2,000tpa production operations include: Focus on primary solids filtration circuit and improving filtration rates Comprehensive test-works, including flowrate variation and filte
Slide 10: 2,000tpa Operation – Toward Production
2,000tpa Operation – Toward Production Construction complete - Ramp-up works in progress Producing high purity battery quality Li2CO3 product, successfully produced +63t to date & strong off-taker interest, with product testing being undertaken with strategic customers 2ktpa operation sets Argosy ap
Slide 11: Rincon 10,000tpa Operation Overview
Rincon 10,000tpa Operation Overview 11
Slide 12: 10,000tpa Operation Status
10,000tpa Operation Status EIA regulatory approval process expected to be finalised during Q1-CY2024 Pre-development works ongoing, including process design reviews, evaporation pond design & engineering and industrial water drilling operations Planning works and project engineering definition under
Slide 13: 10,000tpa Operation – Production Expansion
10,000tpa Operation – Production Expansion 13
Slide 14: Significant Infrastructure Footprint
Significant Infrastructure Footprint Rincon has significant site, power and Existing ~58ha transport infrastructure in place operational evaporation ponds Commercial 10,000tpa scale evaporation Site of 2,000tpa facility & ponds (~350ha) to be constructed ~6km from planned 10,000tpa production wells
Slide 15: JORC Mineral Resource
JORC Mineral Resource Li2CO3 Weighted mean average (tonnes) lithium concentration Total Mineral Resource Estimate (MRE) 686,875 329mg/L Indicated MRE 606,313 326mg/L Inferred MRE 80,562 351mg/L Updated Total MRE1 completed in January 2024 forms basis for increased sustainable commercial production t
Slide 16: Project Milestones
Proposed 10,000tpa Expansion Operation Timetable* Secure and implement Commence Execution Phase Operations/Ramp- funding Construction up Phase H1 H2 H3 H4 H5 H6 H7 H8 EPCM Contractor Evaluation Process 3 - 6 months to implement funding post “Decision • Finalise basis of design to Mine” approval • Fi
Slide 17: Tonopah Lithium Project
Tonopah Lithium Project 17
Slide 18: Tonopah Lithium Project – Nevada, USA
Tonopah Lithium Project – Nevada, USA TONOPAH IS STRATEGICALLY LOCATED IN THE EMERGING USA LITHIUM HEARTLAND Located ~4km from Albermarle’s longstanding Silver Peak operation - the only lithium carbonate operation in USA Geophysical data identifies lithium brine target areas Gravity-derived 3D depth
Slide 19: The Next Tier 1 Sustainable Lithium Carbonate Producer
The Next Tier 1 Sustainable Lithium Carbonate Producer 19
Slide 20: Rincon Lithium Project: Supporting our communities
Rincon Lithium Project Supporting our communities Our CSR pillars Employment Education Training Local Suppliers Fair wages, Encouragement and Training on specific Being hired by the professional growth, incentive for employees topics - caring for the company on a regular family care and to finish se
Slide 21: Upcoming Milestones
Upcoming Milestones Finalised upgraded JORC resource, to support increased production capacity and operation mine-life Ramp-up & progress to 2,000tpa Li2CO3 production operations Receive EIA regulatory approval for 10,000tpa Li2CO3 expansion operation Key 10ktpa engineering works updates (in
Slide 22: Contact
Argosy Minerals Limited (ASX: AGY) +61 8 6188 8181 Contact admin@argosyminerals.com.au www.argosyminerals.com.au Level 2, 22 Mount Street Perth WA 6000 Australia 22
Slide 23: Disclaimer & Important Statement
Disclaimer & Important Statement • This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation m
Slide 24: Disclaimer & Important Statement
Disclaimer & Important Statement • The Mineral Resources information in this report is extracted from the report entitled “JORC Resource Upgrade for Rincon Lithium Project – Substantial 180% Increase” dated 15 January 2024 available at www.argosyminerals.com.au and www.asx.com. Argosy confirms that
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