Argosy (ASX:AGY) share price backtracks despite positive update Aaron Teboneras | March 4, 2021 3:48pm | More on: The During late afternoon trade, the lithium miner’s shares are down 4.5%, trading at 10.5 cents. Argosy Minerals is a mining and exploration company with a 77.5% interest in the Rincon Lithium Project in Salta Province, Argentina. The company also operates the Tonopah Lithium Project in Nevada, USA. What did Argosy announce? The Argosy share price is in the red today regardless of its positive update to investors. In its release, Argosy advised that it has conducted preliminary works to start drilling operations at the Rincon Project. The program will seek to increase the current Joint Ore Reserves Committee (JORC) indicated mineral resource estimate conducted in 2018.