TONOPAH IS STRATEGICALLY LOCATED IN THE LITHIUM BATTERY VALLEY
Argosy acquired the project August 2019
Project lies ~4km from Albemarle’s Silver Peak lithium brine operation – the only lithium carbonate producer in the USA (+50yrs)
Secured a strategic foothold in a world class mining jurisdiction, being ~300km from the Tesla Gigafactory
Lithium included in the USA’s list of ‘critical minerals’ and actions are being prepared to further support US lithium domestic resource development
Significant opportunity to leverage Argosy’s lithium brine processing expertise over an expanded asset base
Argosy is progressing its exploration works via geophysical processing, analysis and interpretation works to define priority lithium brine targets and select drill sites for planned exploration drilling works to determine the lithium brine potential at the project.