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Argosy Minerals director pays $90,000 to increase shareholding

Non-executive director Mal Randall spent more than 25 years with Rio Tinto and is a board member for multiple ASX-listed companies.

Argosy Minerals Ltd - Argosy Minerals director pays $90,000 to increase shareholding
Argosy is developing the Rincon Lithium Project in Argentina

Argosy Minerals Ltd (ASX:AGY) non-executive director Mal Randall has acquired 2 million shares in the company for $90,000.

The acquisition is the result of the exercise of 2 million 4.5-cent options and increases Randall’s holding in the company to 5.32 million shares.

Lithium carbonate shipment planned

Earlier this month, Argosy revealed it was planning a trial shipment of 5 tonnes of lithium carbonate from its industrial-scale pilot plant operations in Argentina.

The shipment is planned for early 2020 and will be delivering product as part of the sales agreement signed in March 2019.

The feed for the pilot plant comes from Argosy’s flagship Rincon Lithium Project in Argentina.

Quick facts: Argosy Minerals Ltd

Price: 0.031 AUD

Market: ASX
Market Cap: $31.6 m

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on 16/8/19

2 min read