Argosy Minerals Limited (AU:AGY)
ASX:AGY
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Argosy Minerals
(Sydney:AGY)
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Rating:47Neutral
Price Target:
AU$0.06
▲(3.33% Upside)
Action:Reiterated
Date:04/08/26
The score is primarily weighed down by weak operating fundamentals and persistent cash burn despite a low-debt balance sheet. Technicals are mixed with neutral momentum and a negative MACD, while valuation (P/E 23.5 with no dividend) offers limited support given the financial risk profile.
Positive Factors
Low leverage / conservative balance sheet
Very low leverage gives the company financial flexibility to fund development activities and reduces solvency and refinancing risk. Given Argosy's historical reliance on equity raises, a debt-light balance sheet preserves borrowing capacity and strategic optionality for project capex.
Negative Factors
Consistent negative operating and free cash flow
Persistent negative operating and free cash flow across reported years signals structural cash burn and weak internal cash generation. Long-term project execution will depend on external financing, increasing dilution risk and potentially delaying commercial milestones if funding conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Very low leverage gives the company financial flexibility to fund development activities and reduces solvency and refinancing risk. Given Argosy's historical reliance on equity raises, a debt-light balance sheet preserves borrowing capacity and strategic optionality for project capex.
Read all positive factors
Argosy Minerals (AGY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$109.59M
Dividend YieldN/A
Average Volume (3M)14.57M
Price to Earnings (P/E)14.1
Beta (1Y)2.18
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,543,460,900
10 Day Avg. Volume16,502,882
30 Day Avg. Volume14,566,402
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.99
Price to Sales (P/S)0.00
P/FCF Ratio-173.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$57.29M
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...
How the Company Makes Money
AGY’s intended core revenue model is to generate cash flow from the production and sale of lithium products—primarily lithium carbonate—from its Rincon brine project, with revenues driven by (1) sales volumes produced, (2) realized lithium carbona...
Argosy Minerals Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 907.62K | 556.65K | 111.08K |
| Gross Profit | -80.84K | -76.56K | -80.02K | 511.60K | 77.06K |
| EBITDA | -1.60M | -10.36M | -2.50M | -2.50M | -460.00K |
| Net Income | 7.31M | -15.45M | -10.62M | -176.00K | 2.01M |
Balance Sheet | |||||
| Total Assets | 86.46M | 83.26M | 66.65M | 94.60M | 56.97M |
| Cash, Cash Equivalents and Short-Term Investments | 4.26M | 5.96M | 13.85M | 36.61M | 23.09M |
| Total Debt | 93.98K | 167.30K | 228.87K | 4.30K | 57.03K |
| Total Liabilities | 275.46K | 736.38K | 439.05K | 261.62K | 239.96K |
| Stockholders Equity | 86.19M | 82.52M | 66.21M | 94.34M | 56.73M |
Cash Flow | |||||
| Free Cash Flow | -990.94K | -3.38M | -5.10M | -2.89M | -2.00M |
| Operating Cash Flow | -990.88K | -1.25M | -1.01M | -2.87M | -2.00M |
| Investing Cash Flow | -2.77M | -14.18M | -21.62M | -15.80M | -10.02M |
| Financing Cash Flow | 2.09M | 7.42M | -89.83K | 32.15M | 32.13M |
Argosy Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$127.43M | -74.03 | -1.99% | ― | ― | 81.34% | |
49 Neutral | AU$145.32M | -3,413.64 | -0.02% | ― | ― | 99.44% | |
49 Neutral | AU$117.72M | -94.50 | -5.62% | ― | ― | 35.64% | |
47 Neutral | AU$109.59M | 14.14 | 9.11% | ― | ― | ― | |
43 Neutral | AU$45.92M | -11.70 | -0.02% | ― | ― | 13.53% | |
42 Neutral | AU$86.34M | -13.30 | -9.03% | ― | -78.48% | 52.16% |
* Basic Materials Sector Average
AU:AGY
Argosy Minerals
0.07
0.05
317.65%
AU:ARL
Ardea Resources
0.58
0.17
41.46%
AU:GL1
Global Lithium Resources Ltd.
0.53
0.38
250.00%
AU:E25
Element 25 Limited
0.27
0.05
20.45%
AU:LEL
Lithium Energy Ltd.
0.41
0.04
10.81%
AU:OCN
Oceana Lithium Ltd.
0.60
0.53
891.67%
Argosy Minerals Corporate Events
Argosy Minerals shareholders back board, remuneration and capital moves at AGM
May 22, 2026
Argosy Minerals has reported the outcomes of its latest annual general meeting, at which shareholders voted on a series of governance and capital management resolutions. Investors strongly backed the re-election of director Bruce McFadzean and end...
Argosy Minerals Seeks ASX Quotation for Additional Ordinary Shares
May 8, 2026
Argosy Minerals Limited has applied to the Australian Securities Exchange for quotation of 40,000 new fully paid ordinary shares, to be issued on May 8, 2026. The additional shares arise from the exercise or conversion of existing options or other...
Argosy Advances Rincon Lithium Project and Secures 40MW Power Plan
Apr 28, 2026
Argosy Minerals reported steady progress on the 12,000 tonne per annum development phase at its Rincon Lithium Project in Argentina, with engineering and feasibility work nearing completion for a definitive study and front-end design. The current ...
Argosy Minerals Shifts to Digital Notice for May 2026 AGM
Apr 20, 2026
Argosy Minerals has called its Annual General Meeting of shareholders for 22 May 2026 at 1:30 p.m. WST in Perth, Western Australia, and will make the Notice of Meeting available digitally on its website rather than mailing physical copies. Shareho...
Argosy Minerals Sets May 2026 Date for Annual General Meeting in Perth
Apr 20, 2026
Argosy Minerals has called its Annual General Meeting for 1:30 p.m. WST on Friday, 22 May 2026, to be held in the boardroom at Pitcher Partners in Perth, Western Australia. The notice outlines procedural details for shareholder participation, emph...
Argosy Minerals Issues 1 Million Unquoted Options Under Employee Incentive Scheme
Mar 31, 2026
Argosy Minerals Limited has notified the market of the issue of 1,000,000 unquoted options under an employee incentive scheme. The options, exercisable at $0.135 and expiring on 3 March 2029, will not be quoted on the ASX, indicating a targeted us...
Argosy Minerals Sets Date and Timelines for 2026 Annual General Meeting
Mar 31, 2026
Argosy Minerals has scheduled its 2026 Annual General Meeting for 22 May, giving shareholders a clear timetable for the company’s key yearly governance event. The company has also set 9 April as the deadline for written nominations from cand...
Argosy Minerals Details Governance Framework and Diversity Plans
Mar 30, 2026
Argosy Minerals Limited has released its Corporate Governance Statement for the year ended 31 December 2025, detailing the extent of its adherence to the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations. The boar...
Argosy Minerals Releases 2025 Annual Financial Report
Mar 30, 2026
Argosy Minerals Limited has released its annual report for the financial year ended 31 December 2025, providing consolidated financial statements, directors’ reports and disclosures. The document details the company’s profit or loss, f...
Argosy Minerals Trims Potential Dilution as 1.5 Million Performance Rights Lapse
Mar 27, 2026
Argosy Minerals Limited has reported the cessation of 1,500,000 performance rights, recorded under the ASX security code AGYAB, following the expiry of these rights without exercise or conversion on 24 March 2026. The lapse of these instruments sl...
Argosy Advances Rincon Lithium Project With 96% Lithium Recovery in Pilot Tests
Mar 6, 2026
Argosy Minerals reported further progress on its planned 12,000 tonnes per annum Rincon Lithium Project in Argentina, highlighting advances in engineering, feasibility work and process design. The company is validating its flowsheet through compre...
Argosy advances Rincon lithium project with high recovery tests and staged development plan
Mar 4, 2026
Argosy Minerals has reported further progress on its 12,000 tonne-per-annum Rincon Lithium Project in Argentina, with engineering and feasibility workstreams advancing and process design nearing completion. Testing of the chemical flowsheet delive...
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Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.