Argosy Minerals (AGY) Q2 2026 TU earnings summary

Executive summary

• Advanced feasibility and engineering works for the 12ktpa Rincon Lithium Project in Argentina, with successful process testwork validating the technology and process flowsheet for lithium chloride production.

• Strategic mining and investment groups are evaluating the Rincon Project, with ongoing engagement for funding and off-take opportunities.

• The company also owns the Tonopah Lithium Project in Nevada, USA, and is assessing development strategies amid strong US government support for critical minerals.

Financial highlights

• Cash reserves stood at approximately $2.06 million as of 30 June 2026.

• Quarterly net cash outflow from operating activities was $220,000; investing activities used $1.28 million, mainly for project funding and development.

• Expenditure included $896,000 to Puna Mining for Rincon Project development and $386,000 for direct feasibility and engineering works.

• Payments to related parties totaled $210,000 for the quarter.

Outlook and guidance

• The company is focused on completing the DFS for the 12ktpa Rincon Project and securing funding for project development.

• Positive lithium demand forecasts and supportive market sentiment underpin the development strategy.

• Ongoing cost reduction measures and asset sales are being pursued to preserve cash.