Argosy Minerals (AGY) Q3 2025 TU earnings summary

Executive summary

• Advanced engineering and feasibility works for the 12,000tpa Rincon Lithium Project in Argentina, targeting a construction-ready stage and final investment decision.

• Secured a 40MW energy infrastructure agreement to power the Rincon Project, providing a strategic advantage in the region.

• Completed a $2 million placement to fund ongoing project development and corporate requirements.

• Maintained a strong financial position with cash reserves of approximately $4.6 million at quarter-end.

Financial highlights

• Cash and cash equivalents at 30 September 2025 were $4.63 million, up from $3.60 million in the previous quarter.

• Net cash used in operating activities for the quarter was $282,000; net cash used in investing activities was $519,000.

• $2 million raised from equity placement, with $151,000 in related transaction costs.

• Estimated 10.9 quarters of funding available based on current cash burn.

Outlook and guidance

• Ongoing feasibility and optimisation works aim to de-risk the Rincon Project and maximise value.

• Strategic partner process underway to secure investment and off-take agreements for the 12ktpa project.

• Plans to leverage US government initiatives for the Tonopah Lithium Project in Nevada.