Argosy Minerals Limited announced the appointment of current Non-Executive Director Mr. Mal Randall as Non-Executive Chair, effective from 31 May 2022 (being the Company's AGM). Mr. Randall will succeed Mr. Alex Molyneux, who has served as the Non-Executive Chairman of Argosy since 15 August 2016. Mr. Molyneux has advised his intention to retire from the Board at the Company's Annual General Meeting.

Mr. Molyneux has served a pivotal role in the Company's development and growth as an emerging and globally significant lithium carbonate producer. He has led the Company into a period where sustained EV progress has become a reality, and where Argosy will become one of world's leading suppliers of the key battery material in the years ahead. Mr. Randall succeeds Mr. Molyneux, and was appointed a Non-Executive Director of Argosy in March 2017.

Mr. Randall holds a Bachelor of Applied Chemistry degree, is a Fellow of the Australian Institute of Company Directors, and has more than 45 years' of extensive experience in corporate, management and marketing in the resource sector, including more than 25 years with the Rio Tinto group of companies. His experience covers a diverse range of mineral activities and he has held the position of Chairman and director of multiple ASX listed companies. As part of the Company's succession program and to further build skills and capability at Board level, the Company has appointed Mr. Bruce McFadzean and Mr. Peter De Leo as Independent Non-Executive Directors.

Mr. McFadzean is a qualified mining engineer with more than 40 years' experience in the global resources industry, and was recently the Managing Director of Sheffield Resources Limited. Mr. McFadzean has led the financing, development and operation of several new mines around the world. Mr. McFadzean's professional career includes 15 years with BHP Billiton and Rio Tinto in a variety of positions, and four years as Managing Director of successful ASX gold miner Catalpa Resources Limited.

Under Mr. McFadzean's management, Catalpa was involved in the merger to create Evolution Mining Limited. Mr. De Leo is currently the Managing Director of Lycopodium Limited and has been with the organisation since 1994. Mr. De Leo is a civil engineer with over 30 years' experience in engineering and construction within the resources and infrastructure sectors, and is a Fellow of the Institute of Engineers Australia.

Mr. De Leo possesses strong business management and project implementation skills, and has been responsible for the successful delivery of many of Lycopodium's pioneering and large scale projects. In his corporate roles he has led Lycopodium in shaping and reshaping as required to meet market needs and capitalise on opportunities.