Argosy Minerals Inc. is an aggressive junior exploration company with a focus on diamonds, precious and base metals. Its key project is the Albetros Diamond Project in Namaqualand, South Africa.

    Argosy recently acquired a gold project in Nevada, USA and is planning to commence an exploration program on the property in April/May 2004.

    In August 2002 Argosy's subsidiary, Andover Resources N.L., declared force majeure and temporarily has curtailed its activities in Burundi as a result of the deterioration in the security situation.

    Argosy was previously involved in studies for the development of a nickel/cobalt processing facility in New Caledonia and in gold exploration in the Slovak Republic. In June 2003, Argosy announced the sale of its Kremnica Gold Project in the Slovak Republic.