Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
EPIC: ARD
Market: ASX
52-week High/Low: A$0.05 / A$0.02
Sector: General Mining - Gold
Market Cap: A$14.37M
Argent Minerals Ltd

Argent Minerals Ltd

Argent Minerals Ltd (ASX:ARD) is a base and precious metals explorer in the New South Wales Lachlan Orogen with projects in Kempfield, West Wyalong and Sunny Corner.

Argent Minerals Ltd

www.argentminerals.com.au

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Argent Minerals Ltd


Argent Minerals Ltd Snapshot

Argent Minerals Limited is an ASX listed public company focused on creating shareholder wealth through the discovery, extraction and marketing of precious and base metals. A key goal of the Company is to become a leading Australian polymetallic producer, mining 1.5 million tonnes per annum with a mine life of the order of 20 years.

The Company’s project assets are situated in the Lachlan Orogen in New South Wales, Australia, a richly mineralised geological terrane extending from northern NSW through Victoria and into Tasmania. Argent Minerals’ three projects, in each of which the Company owns a controlling interest, is strategically positioned within a compelling neighbourhood that is home to Australia’s first discovery of gold, and today hosts world class deposits including one of the largest underground copper-gold mines in the southern hemisphere, Newcrest’s Cadia Valley Operations.

KEMPFIELD POLYMETALLIC PROJECT

Located just 41 kilometres from Cadia is Kempfield, the Company’s flagship project, a registered New South Wales State Significant Development owned 100% by Argent Minerals.

The Kempfield Polymetallic Project has a substantial Mineral Resource of 21.8 million tonnes and 52 million ounces of silver equivalent contained metal that was upgraded to JORC 2012 standard in May 2014. This upgrade reflects both the quality of the Mineral Resource itself, and the high standard of Argent Minerals’ work on the project, and provides the Company with a strong foundation to aggressively pursue the significant upside potential that it has identified at Kempfield.

Argent’s strategy for Kempfield is to focus on exploration for rich base and precious metal grades. Argent Minerals has identified rich combined lead/zinc grades of up to 17.9% immediately to the west of the existing Mineral Resource, as well as the potential for multiple additional VMS lenses and a feeder zone.

Whilst Argent Minerals has established an initial goal of discovering an additional 5 million tonnes at Kempfield with higher grade lead/zinc, silver, gold and potentially, copper, the potential for a much larger system and associated world-class discovery has been identified.

Successful exploration of this opportunity will be a game-changer with ‘company maker’ potential for Argent Minerals.

Meanwhile, the low-cost silver-gold heap leach operation for which an Environmental Impact Statement (EIS) was submitted to the NSW Government in April 2013 remains in place as a fast-response, market-ready option, to take advantage of any pricing recovery that may occur in the precious metal space. In the event that precious metals pricing recovers to the levels prevailing at the time of the EIS submission, Argent is well-positioned to progress Stage 1 of the Kempfield project through a rapid approval process and toward the commencement of production revenue, as an optional milestone along the growth path to becoming a leading polymetallic producer.

(click here for more information on this project)


WEST WYALONG PROJECT LEAPS FORWARD




Controlling interest earned in Joint Venture (51%), right to earn 70% now active


The West Wyalong Project is a farm-in joint venture between Argent Minerals (Operator) and Golden Cross Resources Limited. Argent Minerals has now earned a 51% interest in this project whose key prospects are the magnetic anomaly, and the Narragudgil Prospect located approximately 2 kilometres to the south east. Given the north-west trend of the structures, and their proximity to each other, there is a possibility that these two prospects are connected beneath overlying sedimentary cover. The right for Argent to earn 70% is now active, which will be achieved by Argent investing a further $482,288 in exploration by 16 January 2016.

(click here for more information on this project)



SUNNY CORNER



The historic Sunny Corner mine was at one time the largest silver producer in NSW. After beginning as a gold mine in 1865, silver was discovered in 1877 with grades high enough for direct shipping to London (rumoured to be up to 1,000 g/t). During 1881-1883 a large quantity of silver ore was carted by a horse or bullock team to Rydal, by train to Sydney, and then by ship to London. The Sunny Corner Silver Mining Co was formed in 1884 and became the first successful silver mining and smelting operation in Australia, producing more than 90 tonnes of silver.



Located approximately 175 kilometres from Sydney, the Sunny Corner project operates under the exploration licence EL5964 and covers an area of approximately 104 square kilometres. This area is characterised by three different mineralisation styles, as follows:

  • Volcanogenic Massive Sulphides (VMS) systems (e.g. historic Sunny Corner mine – silver, lead, zinc and copper);
  • Remobilised structurally-controlled shear-hosted base metals (e.g. Nevada Mine – copper); and
  • Quartz vein-hosted gold with a genetic link to quartz-feldspar porphyry intrusions.


Last updated on the 9th October 2015.

STEPHEN GEMELL
Non-Executive Chairman

Steve Gemell has more than 35 years experience in the Australasian and global mining industry. He has been Principal of Gemell Mining Engineers, an independent multi-discipline consultancy, since its formation in Kalgoorlie in 1984.

His experience includes operational management in underground and open pit mining and supervision of CIP/CIL, flotation and alluvial plants. He has held executive and non-executive directorships in listed mining companies and is currently a non-executive Director of Eastern Iron Limited and Uranium Exploration Australia Limited.


DAVID BUSCH

Managing Director

David is a qualified engineer with more than 27 years experience in strategic leadership roles, including business and project management on behalf of international process control and automation leader Honeywell, Australian majors Macquarie Bank and BHP Billiton, and since 2010, Australian junior exploration companies. David has served on four boards, including as Chairman of a heavy equipment leasing company.


PETER NIGHTINGALE
Non-Executive Director

Peter Nightingale has a Bachelor of Economics degree from the University of Sydney and admitted to membership of the Institute of Chartered Accountants in Australia. Peter’s credentials include significant experience as a chartered accountant in the Australian and international mineral resource sectors. As a director or company secretary Peter has, for more than 25 years, been centrally involved with public listing, capital and debt funding, and trade sale of a number of companies in Australia, the USA and Europe.


PETER MICHAEL

Non-Executive Director

Peter Michael is a real estate professional with 23 years’ experience in the real estate industry encompassing the arrangement and execution of commercial and residential property transactions, managed investment schemes, and a number of roles related to the development of built form housing and apartment complexes.



Last updated 9th October 2015.

Argent Minerals Limited
Level 6, Suite 606, 50 Clarence Street
Sydney NSW 2000
Australia

PHONE
: +612 9262 2211
FACSIMILE: +612 9475 5346

[email protected]
www.argentminerals.com.au

Board of Directors
Stephen Gemell – Non-Executive Chairman
David Busch – Managing Director
Peter Nightingale – Non-Executive Director
Peter Michael – Non-Executive Director

Company Secretary
Sarah Shipway

Principal Office
Level 6, Suite 606, 50 Clarence Street
Sydney NSW 2000
T: +612 9262 2211
F: +612 9475 5346

Registered Office
Level 1, 115 Cambridge Street
West Leederville WA 6007
T: +618 9322 6600
F: +619 9322 6610
E: [email protected]
W: www.argentminerals.com.au

Solicitors
Sydney – Jones Day
Level 41, Aurora Place
88 Phillip Street
Sydney NSW 2000
Australia

Auditors

Stantons International
Level 2, 1 Walker Avenue
West Perth WA 6005

Share Registry
Security Transfer Registrars Pty Ltd
PO Box 535
Applecross WA 6953
P: +618 9315 2333
F: +618 9315 2233

ABN

89 124 780 276

ASX Code

ARD for ordinary shares
ARDO for listed options

Argent Minerals Ltd Timeline

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use