Argosy Minerals Limited announce completion of the highly anticipated Preliminary Economic Assessment for the Rincon Lithium Project, located in Salta Province, Argentina. The PEA, equivalent to a JORC Scoping Study, provides outcomes that are considered outstanding and confirm or surpass the Company's original expectations. Key highlights include approximate pre-tax net present value ("NPV") of USD 399 million (~AUD 554 million) using a 10% discount rate, providing an approximate IRR of 53% and EBITDA margin of 61% for the base case scenario. The PEA, together with operational Stage 1 plant, provides Argosy with a convincing investment proposition to secure additional project finance and strategic partnerships to continue progress to commercial development. The results of the PEA further validate the Company's fast-track development strategy to fully develop the Rincon Lithium Project toward commercial production. Two Li2CO3 ("LCE") production scenarios have been considered in the PEA, being: (a) the base case of 10,000 tonnes per annum with a 16.5-year mine life; and (b) an accelerated development case of 15,000 tonnes per annum with an 11-year mine life. Furthermore, two forecast Li2CO3 price cases were overlain to assess the financial metrics of each case, being: (a) USD 13,000/t, based on Benchmark Mineral Intelligence's independently assessed long-term price forecast; and (b) USD 15,500/t, based on recent spot export prices for battery grade LCE from South America (as supplied by Benchmark Mineral Intelligence). In addition, two initial pre-development capital cost figures: ~USD 140.9 million (~AUD 195.7 million) ­ termed `Argosy case'; and ~USD 215.2 million (~AUD 298.9 million) ­ termed `factored case', have been used for the 10,000 tonnes per annum production scenario. A single ~USD 274.5 million (~AUD 381.3 million) `factored case' was used for the 15,000 tonnes per annum production scenario. All NPVs were calculated using a 10% discount rate.