Argosy Minerals Limited advised further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with plant and equipment manufacturing, procurement and delivery works proceeding for development of the 2,000tpa lithium carbonate production operation. The Company confirms local plant and equipment items - engineered and fabricated in- country, such as 150kVA generators, industrial pumps, agitators and motors from local manufacturers/suppliers - are in process of being delivered. Longer-lead locally fabricated plant and equipment items, such as process tanks, reactors, chillers/coolers, and industrial boilers are being prepared for scheduled delivery.

Offshore plant and equipment items, such as the evaporator/dryer and associated parts manufactured in Germany, are currently in the process of delivery - with the recent shipment departure from Europe and estimated delivery into Argentina during February. The press and belt filters procured and fabricated in Asia, have an estimated shipping departure from late-January and estimated delivery into Argentina during March-April. The processing mill was built in the USA and previously delivered.