Argosy Minerals Limited
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Argosy Minerals Limited
GETTEX:AM1
(Gettex)
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0.01
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23.06
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yld
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ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.- Similar Companies
- Business
- Argosy Minerals Limited is an Australian mineral exploration and development company primarily engaged in lithium production. The company operates the Rincon Lithium Project located in Salta Province, Argentina, within the globally significant Lithium Triangle, and holds a 100% interest in the Tonopah Lithium Project in Nevada, United States. Argosy produces battery-quality lithium carbonate, leveraging proprietary clean lithium process technology to manufacture high-purity lithium carbonate products with purity exceeding 99.5%, suitable for lithium-ion battery applications. Its operations include a 2,000 tonnes per annum (tpa) lithium carbonate production plant with plans to expand to 12,000 tpa through modular expansions. The company also develops lithium brine evaporation ponds critical to its production process. Founded in 1985 and headquartered in Perth, Australia, Argosy Minerals targets battery-grade lithium carbonate production with a strong focus on supplying the battery and energy storage markets. The Rincon Lithium Project is notable for its industrial-scale pilot plant that has produced over 30 tonnes of lithium carbonate to date. Recent major developments include securing a significant spot sales contract to supply 60 tonnes of lithium carbonate at fixed prices referenced to the Shanghai Metals Market to a Hong Kong-based chemical company, which underscores its ability to meet stringent quality requirements for battery manufacturers. Environmental approvals for its proposed lithium processing plant in Salta Province have been granted, supporting its transition to commercial-scale production. Additionally, Argosy has increased its resource estimates at Rincon following acquisitions of new tenements and exploration targets in the region. Argosy Minerals focuses on sustainable lithium production aligned with clean energy trends and decarbonization demands. Its business model integrates proprietary clean lithium technology and solar evaporation processes. Key customers include multinational corporations such as Mitsubishi Corporation, with whom Argosy has signed offtake agreements for preliminary production. The company operates mainly in Australia, Argentina, and the United States, serving global markets via production and sales of battery-quality lithium carbonate. It is listed on the Australian Securities Exchange under the ticker AGY and continues to expand its lithium resource base and production capacity to capitalize on the growing demand for lithium-ion batteries. In summary, Argosy Minerals Limited manufactures and sells lithium carbonate products from its Rincon Lithium Project, has recently expanded its resource base and production capabilities, secured strategic sales contracts, and obtained environmental approvals for its plant, positioning itself as a growing player in the global lithium supply chain for battery materials. It targets customers in the electric vehicle and energy storage sectors, operating primarily in Argentina and the United States while headquartered in Perth, Australia.
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