Argosy Minerals Limited is an Australian company specializing in lithium production, a critical component for lithium-ion batteries used in electric vehicles (EVs) and renewable energy storage systems. Headquartered in Perth, Western Australia, Argosy is listed on the Australian Stock Exchange and is strategically positioned to capitalize on the growing demand for lithium driven by the global transition to clean energy. The company’s primary focus is on developing sustainable lithium projects, with its flagship Rincon Lithium Project located in Argentina’s renowned “Lithium Triangle,” a region known for its vast lithium resources. Argosy also holds a 100% interest in the Tonopah Lithium Project in Nevada, USA, further solidifying its presence in the lithium supply chain.
Argosy’s mission is to become a leader in sustainable lithium production, leveraging innovative clean lithium technology to minimize environmental impact. The company is committed to supporting local communities and ensuring its operations contribute positively to the regions in which it operates. With a strong focus on scalability and efficiency, Argosy is well-positioned to meet the increasing demand for lithium carbonate, a key material in the battery value chain.
Battery Technology
Argosy Minerals is not directly involved in developing new battery technologies but plays a critical role in the battery value chain by producing high-quality lithium carbonate, a foundational material for lithium-ion batteries. The company’s proprietary chemical process technology enables the production of battery-grade lithium carbonate with low impurities, ensuring it meets the stringent requirements of battery manufacturers.
The Rincon Lithium Project, Argosy’s flagship operation, utilizes an environmentally friendly approach to lithium extraction. The process involves extracting lithium from brine through evaporation ponds, followed by refining it into high-purity lithium carbonate. This method is designed to minimize energy and water consumption, aligning with the company’s commitment to sustainability. The lithium carbonate produced by Argosy is essential for manufacturing lithium-ion batteries, which power EVs, renewable energy systems, and consumer electronics.
By focusing on sustainable lithium production, Argosy supports the broader industry’s shift toward cleaner energy solutions. Its clean lithium technology not only reduces environmental impact but also ensures a reliable supply of high-quality lithium carbonate, positioning the company as a key player in the global battery market.
Recent Projects
In recent years, Argosy Minerals has made significant progress in advancing its lithium projects. As of January 2025, the company reported outstanding results from updated dynamic modeling works at the Rincon Lithium Project, highlighting the project’s potential for long-term lithium production. Additionally, in November 2024, Argosy announced a JORC Mineral Resource upgrade and exploration target for the Rincon project, reflecting its ongoing efforts to expand and refine its resource estimates.
The company is also progressing with engineering and feasibility studies for the Rincon project, aiming to reach a final investment decision in the second half of 2025. Plans include commencing early site works and construction by the end of 2025, with the goal of increasing operational capacity to 12,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE). These developments underscore Argosy’s commitment to scaling its operations and meeting the growing demand for lithium in the battery market.
Investors
Argosy Minerals has attracted a diverse group of investors, including institutional and individual shareholders. Notable institutional investors include Vanguard Developed Markets Index Fund Admiral Shares, SPDR Portfolio Developed World ex-US ETF, and Sprott Funds Trust, which manages the Sprott Lithium Miners ETF and Sprott Energy Transition Materials ETF. These investments reflect confidence in Argosy’s strategic focus on sustainable lithium production and its role in the clean energy transition.
On the individual side, key shareholders include Jerko Zuvela, the company’s Managing Director, who holds a significant stake in the company. Other notable individual investors include Dihna Nada Zuvela and Steven Marin Zuvela, who collectively hold a substantial portion of the company’s shares. With a free float of approximately 82.90%, Argosy Minerals offers a compelling opportunity for investors looking to participate in the rapidly expanding lithium market.
Business Details
Location: Perth, Australia
Website: https://argosyminerals.com.au
LinkedIn: https://www.linkedin.com/company/argosy-minerals/
