Losing Antofagasta as its exploration partner at the Lumwana West copper project in Zambia plus persistently low copper prices have forced Argonaut to review its strategic focus on large copper targets.
While keeping a watching brief on Zambian opportunities, and remaining committed to the potentially enormous Torrens JV with Straits Resources in South Australia, chairman Patrick Elliott told the AGM Argonaut will also seek commodities that have a more robust long-term demand outlook including graphite and lithium.