Argosy Minerals (AGY) AI Stock Analysis

• Market Cap: AU$151.26M
• Dividend Yield: N/A
• Average Volume (3M): 14.57M
• Price to Earnings (P/E): 2.9
• Beta (1Y): 1.41
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,543,420,900
• 10 Day Avg. Volume: 16,502,882
• 30 Day Avg. Volume: 14,566,402
• PEG Ratio: -0.06
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.01
• Revenue Forecast (FY): AU$40.49M

• Rating: 62 Neutral
• Price Target: AU$0.10 ▲(73.33% Upside)

The score is primarily held back by weak financial performance (revenue dropping to zero, widening losses, and ongoing cash burn), partially offset by a very low-leverage balance sheet. Technicals are a clear positive with price above major moving averages and positive MACD. Valuation appears low on P/E, but is less supportive given the weak operating and cash-flow profile.

Positive Factors

Low Leverage / Balance Sheet Cushion

Very low debt and a large equity base provide durable financial flexibility for project development and allow the company to fund near-term capital needs or absorb operational setbacks without immediate refinancing pressure, supporting long-term project execution risk management.

Strategic Lithium Asset Exposure

Ownership and development of the Rincon lithium project positions the company to benefit from structural, long-term demand growth in battery-grade lithium chemicals. A successful commissioning and ramp of this asset could create a durable revenue stream tied to secular electrification trends.

Improving Free Cash Flow Trend

A moderating free cash flow burn indicates operational progress and potential tightening of cost discipline. If continued, this trend reduces near-term external funding needs and increases the likelihood of reaching positive operational cash generation as project development advances.

Negative Factors

No Revenue in 2024

The absence of recorded revenue demonstrates the company has not yet established recurring commercial production or sales, materially increasing execution and funding risk. Without revenue, operational viability depends on external capital and successful project commissioning.

Persistent Negative Operating Cash Flow

Consistent negative operating cash flow means the business cannot self-finance development or cover costs from operations, raising reliance on equity or debt raises. Over the medium term this can dilute shareholders or constrain capital allocation to critical project milestones.

Widening Losses and Negative Gross Profit

Deepening operating losses and negative gross margins indicate current business economics are unprofitable and not yet scalable. Sustained poor profitability undermines returns on invested capital and makes attracting long-term project partners or financing more difficult.

Argosy Minerals Business Overview & Revenue Model

Company Description

Argosy Minerals Limited engages in the exploration and development of lithium projects in Australia and the United States. Its flagship project is the Rincon lithium project that covers an area of approximately 2,794 hectares of mining concessions located within the Salar del Rincon in Salta Province, Argentina. The company was incorporated in 2010 and is headquartered in Perth, Australia.

How the Company Makes Money

Argosy Minerals Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	907.62K	556.65K	111.08K	95.21K
Gross Profit	-74.88K	-76.56K	-80.02K	511.60K	77.06K	56.61K
EBITDA	58.84M	-10.36M	-2.50M	-2.50M	-460.00K	-2.11M
Net Income	49.20M	-15.45M	-10.62M	-176.00K	2.01M	-3.08M
Balance Sheet
Total Assets	74.67M	83.26M	66.65M	94.60M	56.97M	20.78M
Cash, Cash Equivalents and Short-Term Investments	3.60M	5.96M	13.85M	36.61M	23.09M	2.89M
Total Debt	131.79K	167.30K	228.87K	4.30K	57.03K	106.07K
Total Liabilities	337.40K	736.38K	439.05K	261.62K	239.96K	294.69K
Stockholders Equity	74.33M	82.52M	66.21M	94.34M	56.73M	20.49M
Cash Flow
Free Cash Flow	-2.05M	-3.38M	-5.10M	-2.89M	-2.00M	-1.76M
Operating Cash Flow	-1.09M	-1.25M	-1.01M	-2.87M	-2.00M	-1.76M
Investing Cash Flow	-6.56M	-14.18M	-21.62M	-15.80M	-10.02M	-1.29M
Financing Cash Flow	-77.38K	7.42M	-89.83K	32.15M	32.13M	-22.01K

Argosy Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGY	62 Neutral	AU$151.26M	2.91	104.96%	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VRC	48 Neutral	AU$46.37M	-16.67	-12.53%	―	―	40.00%
G6M	37 Underperform	AU$25.10M	-1.07	―	―	71.37%	82.48%

Argosy Minerals Corporate Events

Argosy Advances 40MW Grid Connection to Power Rincon Lithium Project

Argosy Minerals has reported significant progress on its 40MW energy infrastructure program for the 12,000tpa Rincon Lithium Project in Salta, Argentina, with local utility EDESA completing detailed engineering and feasibility work for an 8.6km, 33kV medium-voltage transmission line connecting the national power grid to the site. Moving into a tender phase for construction and negotiating grid-based renewable power purchase agreements, the company expects the new grid connection to improve operational reliability, cut diesel reliance and operating costs, de-risk feasibility work, and strengthen Rincon’s competitive position as a low-carbon lithium operation in a region where grid access remains a key barrier for rival projects; the program is being developed in parallel with similar power access works for Rio Tinto’s neighbouring Rincon project, underlining the strategic importance of the shared infrastructure build-out.

The most recent analyst rating on (AU:AGY) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Argosy Minerals stock, see the AU:AGY Stock Forecast page.

Argosy Minerals Seeks ASX Quotation for 7.5 Million New Shares

Argosy Minerals Limited has applied for quotation on the ASX for 7.5 million new fully paid ordinary shares, to be issued on 18 December 2025 under its ticker AGY. The move modestly increases the company’s listed share base and signals the conversion or exercise of existing options or other convertible securities, which may provide additional capital and liquidity for shareholders without altering the company’s core operations.

Argosy Minerals Advances Rincon Lithium Project with Key Developments

Argosy Minerals Limited has made significant progress in the development of its Rincon Lithium Project in Argentina, achieving key milestones in engineering and feasibility works to reach a construction-ready stage. The company has executed a 40MW energy infrastructure agreement to power the project and completed a successful $2 million placement, positioning itself strongly in the growing international lithium market. The development of the 12,000tpa project is on track, with process design works completed and a strategic partnership in place, ensuring the project’s future profitability and alignment with market demand.

Argosy Minerals Announces Cessation of Securities

Argosy Minerals Limited announced the cessation of 1,500,000 performance rights due to the expiry of options or other convertible securities without exercise or conversion as of October 20, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.