For personal use only 7 July 2016 T he Ma na g e r ASX Ma rke t - PDF document

For personal use only 7 July 2016 T he Ma na g e r ASX Ma rke t Anno unc e me nts Austra lia n Se c uritie s E xc ha ng e L imite d De a r Sir/ Ma da m Inve stor Pr e se ntation Ple a se find a tta c he d a c o py o f the Co mpa ny’ s Inve sto r Pre se nta tio n do c ume nt fo rming pa rt o f a n inve sto r ro a dsho w b e ing c o nduc te d to da y in Sydne y. Yo urs fa ithfully Andre a Be tti No n-E xe c utive Dire c to r Co mpa ny Se c re ta ry Argosy Minerals Limited ACN 073 391 189 London House, Level 3, 216 St Georges Terrace, Perth, WA 6000 PO Box 7775, Cloisters Square, Perth, WA 6850 Ph: (08) 9226 4500 Fx: (08) 9226 4300

For personal use only Rapidly growing portfolio of brine projects • Focused on Argentina’s “Lithium Triangle” • • Advanced, near-production opportunities On the fast track to low-cost lithium production in Argentina ASX Code: AGY

Disclaimer This presentation has been prepared by Argosy Minerals Limited (“Argosy or AGY”). The information contained in this presentation is a professional opinion For personal use only only and is given in good faith. The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out in this disclaimer. The document, in whole or in part, is not to be distributed, copied or reproduced, in any form, without the prior written consent of the Directors of the Company. Certain information in this presentation has been derived from third parties and though AGY has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by AGY. Any forward looking statements included in this presentation involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to, AGY. In particular they speak only to the date of this presentation, they assume the success of AGY’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which these assumptions are based. Recipients of this presentation are cautioned not to place undue reliance on such forward looking statements. AGY makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any errors or omissions which may become apparent after this presentation is released. To the extent permitted by law, AGY and its officers, employees, related bodies corporate and agents disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of AGY and/or any of its agents) for any loss or damage suffered by a recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. All amounts in A$ unless stated otherwise. 2

Company Overview On the fast track to low-cost lithium production in Argentina For personal use only • Emerging ASX-listed international lithium developer (ASX: AGY) Portfolio of advanced and strategic lithium brine projects secured in world-renowned • “Lithium Triangle” in Argentina: – Mina Teresa – located adjacent to Orocobre (ASX: ORE) concessions in Salinas Grandes Salar – Pocitos – previously explored with historical values of lithium and boron, located in Salar de Pocitos – Rincon – project generated by lithium expert Pablo Alurralde with well-defined pathway to production, located in Salar del Rincon Funded to preliminary works stage - trenching, sampling & drilling to delineate JORC resource. • Support to consider additional lithium opportunities and build a substantial project portfolio • High-quality regional and site infrastructure (electrical power, natural gas, rail & port facilities) • facilitating project development • Extensive technical expertise in-house and Argentinian lithium consultants: – Access to quality laboratory and pilot plant equipment Strong upcoming news-flow with exploration programs due to begin shortly targeting the • establishment of JORC resources, followed by pilot plant test work 3

Corporate Overview Strong capital structure, experienced board, substantial upside Corporate Structure For personal use only ASX Code: AGY 12-month share price Shares on Issue 514.5M Options on Issue 12.5M exercisable at $0.09, expiring 13/6/2017 Share Price 3.1c (as at 5 July 2016) Market Capitalisation $15.95M (at 3.1 cents) Convertible Notes 15 Convertible Notes with a combined face value of $205,000 plus interest, convertible into fully paid AGY shares at a conversion price of $0.002, maturity prior to 13/8/2016 Directors Ranko Matic – Non-Executive Chairman (B. Bus, CA) Jerko Zuvela – Director (B.Sc (Applied Geology), CP (Geology)) Andrea Betti – Non-Executive Director, Company Secretary (BCom, MBA, Grad Dip in Finance/Investment; Grad Dip in Corporate Governance) 4

One of the World’s Lithium “Hot Spots” Exploring in the heart of Argentina’s lithium triangle • Projects located within Argentina’s world-renowned “Lithium Triangle”: For personal use only – Home to some of the world’s largest lithium resources – Salar’s of Hombre Muerto, Salinas Grandes, Rincon, Pocitos, Pozeulos, Cauchari, Olaroz, Diablillos, Arizaro, Centenario Salta and Jujuy Provinces are well-known, favourable mining jurisdictions • • Rapid development and production strategy, with expedited technical works, testing and studies aimed at fast-tracking to feasibility stage: – Highly skilled consultants and contractors experienced in lithium brine geology, geochemistry, plant design, extraction methodologies and product marketing – Access to state-of-the-art laboratory and pilot plant in Salta Project areas serviced by high quality infrastructure including access via all- • seasons roads, electrical power, a natural gas pipeline, and road and railway to Antofagasta port facilities in Chile 5

Fast-track to lithium production in Argentina Building a high-quality portfolio of near-term development assets For personal use only • Binding Option Agreement to purchase 100% of the Mina Teresa and Pocitos Lithium Projects in Argentina: – 12-month exclusive option period – US$100,000 option fee payment completed, final purchase price of US$4.5M if exercised • Binding HOA to form JV for Salar del Rincon Project, with well-defined pathway to near- term lithium carbonate production: – Argosy to earn up to a 90% interest in the Project – World renowned lithium expert – Pablo Alurralde to manage the Project 6

Mina Teresa & Pocitos: Initial steps Targeting delineation of JORC Resources For personal use only • Mina Teresa: promising historical sample values, further test-work required to determine potential production strategies • Pocitos: targeting near-term trenching/pitting/sampling program to prioritise drill-hole selection plan, assisted by acquisition of geophysical data • Initial exploration program comprises: – Stage 1 Exploration Works: Trenching/sampling program to be completed within the next 3-4 months, targeting delineation of a maiden JORC Inferred Resource (fully funded to complete this work) – Stage 2 Exploration Works: Geophysical surveying and drilling targeting an updated JORC Resource – Development Works: Pending success of exploration program, Argosy will conduct pilot plant scale testwork to produce lithium carbonate 7

Rincon A significant opportunity to achieve near-term lithium production • Company established by Argentinian lithium expert Pablo Alurralde: For personal use only – 15 years’ experience producing lithium carbonate and 30 years’ experience designing chemical processes – Experience in the optimisation of industrial plants, international commerce and logistics – In-depth knowledge of lithium international market • Clear conceptual pathway to lithium production including: – Proven production process developed by Pablo Alurralde – Preferred design and location for chemical plant to produce high-quality lithium carbonate – Concession area for extraction of brines (the raw material required for lithium carbonate production) • Next Steps: – Conduct relevant works to produce laboratory scale LCE – Conduct development works to produce pilot plant scale LCE – Consider best development pathway to ultimately target commercial production 8

Argentina: Re-connecting with the Global Economy Positive macro-economic developments underpin strong growth outlook New President (Maurico Macri) and new Government • For personal use only elected in December 2015 Most export duties and trade controls abolished: • – Removal of 5% duty on high grade lithium and refined boron products – Removal of 10% duty on boron mineral concentrates • Exchange rate and capital controls eliminated • Recently settled outstanding claims from 2003 default and returned to global capital markets • American Chamber of Commerce in Argentina said US firms would invest US$2.3 billion in Argentina over the next 18 months 9