2019 AGM PRESENTATION ASX: AGY www.argosyminerals.com.au 29 May 2019 1
DISCLAIMER This presentation is for information purposes only. assumptions in respect of metal production and prices, of this information in the form and context in which it Neither this presentation nor the information contained operating costs and results, capital expenditures, ore appears. The information in this announcement is an in it constitutes an offer, invitation, solicitation or reserves and mineral resources and anticipated grades accurate representation of the available data from recommendation in relation to the purchase or sale of and recovery rates, and are or may be based on exploration at the Rincon Lithium Project. shares in any jurisdiction. This presentation may not be assumptions and estimates related to future technical, The information in this report that relates to technical distributed in any jurisdiction except in accordance with economic, market, political, social and other conditions. matters is based on information compiled by Jerko the legal requirements applicable in such jurisdiction. Argosy disclaims any intent or obligation to update Zuvela who is the Managing Director of AGY. Mr Zuvela Recipients should inform themselves of the restrictions publicly any forward-looking statements, whether as a is a Member of the Australasian Institute of Mining and that apply in their own jurisdiction. A failure to do so result of new information, future events or results or Metallurgy. may result in a violation of securities laws in such otherwise. The words “believe”, “expect”, “anticipate”, jurisdiction. This presentation does not constitute “indicate”, “contemplate”, “target”, “plan”, “intends”, Chemical Engineer’s Statement: The information that financial product advice and has been prepared without “continue”, “budget”, “estimate”, “may”, “will”, “schedule” relates to lithium processing and test-works is based on taking into account the recipient's investment and other similar expressions identify forward-looking information compiled and/or reviewed by Mr Pablo objectives, financial circumstances or particular needs statements. All forward-looking statements made in this Alurralde. Mr Alurralde is a chemical engineer with a and the opinions and recommendations in this presentation are qualified by the foregoing cautionary degree in Chemical Engineering from Salta National presentation are not intended to represent statements. Investors are cautioned that forward- University in Argentina. Mr Alurralde has sufficient recommendations of particular investments to particular looking statements are not guarantees of future experience which is relevant to the lithium carbonate persons. Recipients should seek professional advice performance and accordingly investors are cautioned and lithium hydroxide processing and testing when deciding if an investment is appropriate. All not to put undue reliance on forward-looking statements undertaken to evaluate the data presented. securities transactions involve risks, which include due to the inherent uncertainty therein. (among others) the risk of adverse or unanticipated Certain information in this presentation has been Competent Person’s Statement – Rincon Lithium market, financial or political developments. derived from third parties and though AGY has no Project: The information contained in this ASX release reason to believe that it is not accurate, reliable or Certain statements contained in this presentation, relating to Exploration Results and Mineral Resource complete, it has not been independently audited or including information as to the future financial or Estimates has been prepared by Mr Duncan Storey. Mr verified by AGY. operating performance of Argosy Minerals Limited Storey is a Hydrogeologist, a Chartered Geologist and (“Argosy” or “AGY”) and its projects, are forward-looking Fellow of the Geological Society of London (an RPO To the extent permitted by law, AGY and its officers, statements. Such forward-looking statements: are under JORC 2012). Mr Storey has sufficient experience employees, related bodies corporate and agents necessarily based upon a number of estimates and that is relevant to the style of mineralisation and type of disclaim all liability, direct, indirect or consequential assumptions that, whilst considered reasonable by deposit under consideration and to the activity being (and whether or not arising out of the negligence, Argosy, are inherently subject to significant technical, undertaken to qualify as a competent person as defined default or lack of care of AGY and/or any of its agents) business, economic, competitive, political and social in the 2012 edition of the Australasian Code for for any loss or damage suffered by a recipient or other uncertainties and contingencies; involve known and Reporting of Exploration Results, Mineral Resources persons arising out of, or in connection with, any use or unknown risks and uncertainties that could cause actual and Ore Reserves. reliance on this presentation or information. events or results to differ materially from estimated or Duncan Storey is an employee of AQ2 Pty Ltd and an anticipated events or results reflected in such forward- All amounts in A$ unless stated otherwise. independent consultant to Argosy Minerals Ltd. Mr looking statements; and may include, among other Storey consents to the inclusion in this announcement things, statements regarding targets, estimates and 2
CAUTIONARY STATEMENTS • The PEA is a preliminary technical and economic shares. It is also possible that Argosy could pursue assumptions and technical parameters study of the potential viability of the Rincon Lithium other ‘value realisation’ strategies such as a sale, underpinning the estimates in the relevant market Project required to reach a decision to proceed with partial sale or joint venture of the project. If it does, announcement continue to apply and have not more definitive studies (equivalent to a JORC this could materially reduce Argosy’s proportionate materially changed. Argosy confirms that the form Scoping Study). It is based on preliminary/low-level ownership of the project. and context in which the Competent Person’s technical and economic assessments that are not findings are presented have not been materially • 100% of material included in the PEA proposed sufficient to support the estimation of Ore Reserves modified from the original market announcement. mining schedules for all cases is included within or provide certainty that the conclusions/results of Indicated Mineral Resources. • Given the uncertainties involved, all figures, costs, the PEA will be realised. Further exploration and estimates quoted are approximate values and within evaluation work and appropriate studies are • Process and engineering works for the PEA were the margin of error range expressed in the relevant required before Argosy will be in a position to developed to support capital and operating sections throughout this announcement. Investors estimate any Ore Reserves or to provide any estimates (and following AUSIMM Guidelines for should not make any investment decisions based assurance of an economic development case. this study level), and given the preliminary and solely on the results of the PEA. confidential nature of the plant information, the • The economic analysis results should be treated as capital cost margin of error is ±50% on the ‘factored preliminary in nature and caution should be cases’ estimated figures and operating cost is exercised in their use as a basis for assessing ±35%. Key assumptions that the PEA are based on project feasibility. The PEA was based on material are outlined in the body of this announcement. assumptions including assumptions about the Argosy has concluded it has a reasonable basis for availability of funding. While Argosy considers all of providing the forward-looking statements in this the material assumptions to be based on announcement. reasonable grounds, there is no certainty that they will prove to be correct or that the range of • The Mineral Resources information in this report is outcomes indicated by the PEA will be achieved. extracted from the report entitled “Argosy Upgrades Lithium Rincon Lithium Project JORC resource” • To achieve the range of proposed feasibility studies dated 13 November 2018 available at and potential mine development outcomes indicated www.argosyminerals.com.au and www.asx.com. in the PEA, additional funding will be required. Argosy confirms that it is not aware of any new Investors should note that there is no certainty that information or data that materially affects the Argosy will be able to raise funding when needed. It information included in the original market is also possible that such funding may only be announcement and, in the case of Mineral available on terms that may be dilutive to or Resources or Ore Reserves, that all material otherwise affect the value of Argosy’s existing 3
Company Overview 4
Recommend
More recommend
